Run me through the $1m then...
Discussion
186 banks are on the verge of collapse. Many in much worse shape than SVB was.
Yellen just stated that they are going to insure deposits in big banks not little banks over 250k.
This will cause a bank run on every small bank because you would be the worst run business in the world to leave your company's money in a small bank. Same goes for anyone with wealth over 250k.
One goes then the next then dominoes fall and you lose 100 banks in two weeks. Anything they do to stop it entails printing 10s of trillions of dollars out of thin air.
Suddenly people open their eyes and realize FIAT is at a fundamental level built to fail and it is only a matter a time before every FIAT goes to zero.
Combination of no one selling and everyone buying. BTC could go to 10 million in 90 days.
Yellan stated this to congress late Friday banks are closed all weekend. Monday might be the beginning of the end.
It won't happen that quickly, if at all.
If you say that, you don't know history then.
"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin
All FIAT fails. None last more than about 50 years. USD is 51 in August.
Am I saying this happens in 90 days? No. But it may. To say it's impossible is way off.
1987, 2008, 2020, 2023 (is this the end?) Maybe major inflation and banking collapse and they toss another 20 trillion in fake cash on there to keep it alive til 2024 or 25.
Btc = ∞/21,000,000 is coming it might take a few more years, maybe with a miracle it can last 10 or 15 more tops. But when the big moves happen it is going to happen much faster than anyone predicts or thinks is possible because that how collapses work.
They don't let you dca in. Shit just breaks and you'll have 8 billion people trying to get rid of FIAT and 0 people looking to sell BTC for worthlessness.
You literally are saying it will happen in 90 days
Your first note: 1 million in 90 days is impossible.
My note: it's not impossible.
Your note: then walked through how that could happen.
My note: explanes how it is not impossible.... however, I also don't think bitcoin will be at 1 million in 90 days.
If it does the world is going to be a fucking nightmare and I will be wishing I stocked up more on bullets.