This step back in #BTC price is a good thing in my view. As the price levels off and begins rising again this will lead to a more stable and sustained rise over the next month.
Peter Schiff vs Raoul Pal
If you watch this video several things are apparent.
1. Sooner rather than later people are coming to the conclusion that #fiat #USD is losing 15% of its value per year.
2. When other countries stop buying #T-Bills the game is over for all fiat currencies. Some other form of currency will need to step in. BTC is the most likely currency to fit the need.
3. Peter is close minded and isn't going to consider #BTC to ever have any value beyond speculation.
https://www.youtube.com/watch?v=xfHCly1ZCQ0
#printmorenow and stock up on real assets.
#Biden magically finds 300 million to drop in a hole.
Why would the US punt another 300 million? Even though they can just print more #fiat it doesn't seem to make sense. The #Ukraine has lost somewhere in the neighborhood of 500,000 so far. Russia has lost far less.
Without intervention from outside the Ukraine is not going to be able to continue at some point. If the US crosses the line and provides the Ukraine with too much help they will end up in a war with Russia. This is a terrible scenario for the US and the rest of the world.
There are so many things that we do in the US that look really stupid if you think about it. For example #DST. Why don't we get rid of it? For that matter why do we have time zones?
I think as a rule we don't look for ways to improve the US. Most people apparently don't care. Why does a real estate agent make a percentage of the sales price? Why do government employees pay income tax? Why is Federal Reserve more powerful than the US government?
The list is infinitely long yet no one notices.
The common understanding of gravity is wrong. #Gravity isn't a force pulling objects towards other objects. There is no pull. Only push. Gravity is the result of outside forces being partially blocked by mass and energy.
Energy blocks gravitational forces in the same way as mass.
#theory #gravity #science #ufo
Starting now I'm going to start numbering and tracking my #predictions.
Prediction #1
A major university in the US will make student diplomas NFTs within the next 3 years.
Prediction #2
#BTC will go above 80k before June 5th.
Prediction #3
We will learn that Russia has been accumulating #BTC already.
I'm watching BTC-USD rise quickly and I'm reflecting on my predictions and reevaluating my expectations.
Over the last 2 months I envisioned 2 scenarios.
1. Virtually flat price and elongated government resistance.
2. Approval of the ETFs and expedited adoption.
I like the pace of growth I'm seeing today but I would rather see it slow down just a bit. At the pace we are going today we may see a price above 100k by the end of March. If that is the case I wouldn't be surprised to see a peak of over 200k in June only to see a pull back and a new peak around January 2025.
Oddbean new post about login | logout
Notes by Zedi | export