BRIC Bank of America issues warning of-us dollar collapse
💸 US DOLLAR COLLAPSE 💵
https://watcher.guru/news/brics-bank-of-america-issues-warning-of-us-dollar-collapse#:~:text=Bank%20of%20America%20warned%20in%20the%20latest%20piece,Hartnett%2C%20Chief%20Strategist%20of%20Bank%20of%20America%20wrote. https://x.com/thehill/status/1765856467599417793 Setting the stage.
Prices will fall another 10% in 2024, he estimated, making for a 20% peak-to-trough decline. Some commentators have warned of an even more severe crash coming for commercial real estate. One NBER paper estimated that total losses in the CRE space could pile up to $160 billion.
- forward loans will reset at higher interest rates.
You might want to check the chart of crypto in general. In particular look at BTC, TAO, KAS, NMT, SMH, AIT, Maga Trump.
You all just got free ALPHA. Bookmark this.
Given alt-coins heavy reliance on BTC's own performance, and BTC's heavy reliance on the USD/easy money (Tether, Grayscale), it's dubious if BTC will withstand the mother-of-all-crashes, and beyond unlikely for basically any altcoins.
Remember, BTC has not been battle tested outside of the Coronavirus dump, and the Federal Reserve sent the price of everything to the moon back then.
There are a couple of concerning issues with crypto:
In sum, this means that the goal of these crypto coins: the decentralization/ democratization of these payments methods has been screwed.
Solutions:
The first solution
would be the increase of the crypto coins in relation to FIAT. For instance: if Bitcoin would grow to 300.000 with the current reward scheme, it would become economical to mine for the commoner. However, halving is incoming in around 45 days. SO, without the increase of difficulty, it would bring bitcoin to a needed 600.000 dollars per coin.
Monero yields with CPU mining around 3 or 4 cents a day (24 hours). Would that increase due to the price of Monero in relation to FIAT with a factor of 20, it would become feasible to mine, and thus support the network to remain decentralized and anonymous, with quick low costs transfers.
A second solution:
decrease in the price of energy. This can be achieved by "drill baby drill" but also the establishment of thorium reactors, and by preference, small devices, so decentralization becomes feasible. As a matter of fact: the emergence of atomic power (uranium) promised the delivery of ultra cheap energy. Unfortunately, the idiots went for the potential of making bombs instead of solving the energy to waste question in a logical and economical way. So, now, we have to have a 20.000 year storage, whereas 200 years was in 1953 perfectly feasible.
A third solution:
would be pooling, but there is a rub. The pool itself costs money, though not very big, oftentimes between 0,5% to 4%, depending on the coin. The growth in mining operations, means that the total hashpower increases, which means the difficulty of block solution increases, and thus functions as a prohibitive against deployment. This is an internal contradiction.
ETFs are wall street’s capitulation to BTC. It will become the new gold safe haven asset. Any other crypto is speculative. BTC is the new store of wealth. Come back in 10 years and say I’m lying :)
The first transaction made by Bitcon was to purchase what?
2 Pepperoni Pizzas from Papa John's
https://slate.com/business/2014/05/first-bitcoin-purchase-two-pepperoni-pizzas-from-papa-john-s.html
What does pizza mean to you, anon?
The flip side of that?
Bitcoin Magazine @BitcoinMagazine
2009: No one uses it.
2012: Only drug dealers use it.
2015: Only gamblers use it.
2018: Only small companies use it.
2021: Only small countries use it.
2024: Only small ETFs buy it
Soon: #Bitcoin passes gold 🔥
9:04 AM · Mar 5, 2024
https://twitter.com/BitcoinMagazine/status/1765015452181287414
Beautiful.
https://files.catbox.moe/z2ytpl.jpeg
Lol no, in no case has an ETF positively benefited the end investor or underlying asset. ETFs are the method of control for Blackrock and co by futhering the "You shall own nothing and be happy" motto of the NWO, via quite literally taking YOUR money and holding the item in THEIR name.
Buy BTC and transfer to cold storage wallet. Memorize 12 word passcode. You forever own your own BTC.
I had 12 bitcoins back in 2006 or 07. Wish I would have hung on to them! Would be a millionare now.
Agree! Don't listen to the naysayers. BTC is the opportunity of our lifetime. Do the research. Then see if you aren't totally impressed.
Alot of money will (and is currently) flow/ing into BTC. And for economic and uncertainty reasons (and speculation, etc.)
Having something diffucult to confiscate and borderless with no Government in control of it has many advantages in a digital world.
I don‘t think BTC is necessarily THE answer but it‘s a huge step in the right direction (for our current corrupted culture/world.)
Ideally we go back to a more simpler way of living.
BTC has decoupled from the stock market