I see very few people wanting to talk about it.

But if this, $ 120k, was the new #Bitcoin 4 year cycle high, it was a lousy run.

Just ~double of the last ath of $ 60k in 2021...

Perhaps not bad compared to most out there, but still on the lowest side of the bandwidth I had in mind...

Nevertheless I don't think any of my or any other model will hold when the fiat system wil start to implode.

Just the basic numbers:

Derivatives market is now $600 Trillion.

This is ten times up from the number it was in 2008 financial crisis then it was $ 60 Trillion.

So not only was nothing learned or fixed, things got TEN times worse....

The system can't afford a new bail-out so they made legislation about an bail-in.

All deposits, all savings and probably all pension savings will be used to 'save' a system that is mathematical not save-able.

I won't start about unfunded liabilities.

If things can't continue they will stop.

It is gonne be a mess.

Not wanting to see this is understandable but not smart.