Subnostr

Alan ₿ 2y ago

Summary of recent events:

Regional banks start to fail

Fed launches BTFP loans

Banks still continue to fail

People start shorting banks

WH “monitors” bank shorting

… (you are here) …

Likely future events:

Eventually, only too big to fail banks remain, such as JPMC, which has a massive short position on gold

In time, these too big to fail banks fail too, as people flock to hard assets, such as gold and Bitcoin

State scrambles to launch CBDCs

CBDCs flop. The state retreats to gold/commodity backed fiat.

That doesn’t work either, because it still requires trust in 3rd parties.

Enter: The #Bitcoin standard.

Reply to this note

Please Login to reply.

Discussion

Pextar 2y ago

Sounds reasonable🤝

christo 2y ago

With blockchain analysis companies, will we see the game of chicken ensue between entities that have tried to refrain buying and then get into a position where they are forced before their competitors do

BHN 🍁 2y ago

When people remember the state will steal their gold they will go to assets the state cant steal...

At least until quantum computing is usable.

nbyte 2y ago

Not many people have the stones to say all of this, but a lot of people know it.