SPX down 100pts gap open. BTC down to sub 25k. DJI down 600pts on open.
The FED is full blown tanking the US economy mode.
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maybe we're more familiar with real money and how it use to be before the fake money came out. what's bitcoin backed by? adrenochrome is my guess.
It's backed by cryptography and it's nonfungible nature. We need a currency that isn't controlled by central banks and governments. And we need a currency we can actually use in our day to day lives with modern technology, unlike gold and silver. Bitcoin might be our lifeboat if runaway inflation destroys the dollar. You guys don't have to believe. It's not a matter of faith.
I own some but it's still not backed by anything and once we know the origins of bitcoin, I think it will be worth $0.00. we need a gold backed currency we can trade without the eyes of a corrupt government all over it. We need something tangible that we can pass on to our children and grandchildren and something that is secure which bitcoin probably is not.