The Feds Jerome Powell said the below today. I guess I am not a person then. GFY Jerome
“People use Bitcoin as a speculative asset. It’s like gold, it’s just like gold—only it’s virtual, it’s digital,” Powell said. “People are not using it as a form of payment or a store of value. It’s highly volatile. It’s not a competitor for the dollar; it’s really a competitor for gold.”
You ignore the rumblings of a snowcapped mountain at your own risk.
Bitcoin mass adoption is predicted on near total failure of the USD. Until that happens Bitcoin will remain a speculative asset.
Define mass adoption. Proxies like ETF’s are adoption. No?
Failure of USD is a pipe dream. Not in our lifetime or your kids lifetime.
But that’s not required for mass adoption.
Mass adoption means not having to liquidate into USD to spend it.
Ok. Got it.
BTC is a SOV. For a loooooooooooooonnnnngggggg time.
Dollar isn’t going anywhere.
"A peer-ro-peer electronic cash system..."
Those were always the goal posts.
Yup. And you can do that.
Send billions across boarders for pennies. Without any middle man. Safely. Securely.
Satoshi never said it was to buy coffee or pizza.
My payment peers are the people I exchange payment with for goods and services.
I spent about $500 across a few different merchants in town this morning and none of them accept Bitcoin as payment.
The make them. All politics are local. Make it happen to better your business.
Stop worrying about the entire world. It don’t care about you.
President Trump is going to make his life a living hell until he steps down. I can’t wait to watch! 🍿
Um. Yeah, that's it Mr. Fed Chair, sir... no competitor for the dollar here.
if btc is like gold, did he answer if he thinks gold is a store of value...therefore? 🤔
No doubt, we are not people….we are Satoshi👊🏻🫂
Raise your hand if you're also not a person
🙋♂️
