#m=image%2Fjpeg&dim=720x838&blurhash=%7BDG%2BK%7CE100xu00ayXSs.4noLR*jZV%40kCxuWV_Ns%3AV%3FRjS%23ofIAWq%3FbS3MxWVX8s%3AofV%40M_s%3AX8aee.bIoLbHV%40jZ%25MWBofogWBWBxuRkoLkCWBs%3ANGjFkCe.R%2Bofn%25bHxbbbj%5BjZt8aeoffkM%7Bfk&x=03648e0b70824f2df3d085a6afe31b8e15cb69a3c15fa851a5133919f9fe1844The destiny for all Fiat currency is Zero.
Pay your debts,
Get a side hustle
Stack hard assests
Stack Gold, and #Bitcoin ,
⚠️REMINDER⚠️
$SOL is a centralized FinTech company masquerading as a cryptocurrency to circumvent security laws.
You are gambling when you are in crypto, and tokens like $SOL. This is fine as pong as you understand that thia mindset is that of a gambler.
But if you're a gambler, it’s guaranteed you’ll keep gambling until you lose, so know yourself.
If you don’t know, you’re about to find out. Then you’ll come back to #Bitcoin with less money, and be paying higher prices.
The Fed's Bank Term Funding Program (BTFP) introduced after the March 2023 banking crisis now offers lower borrowing rates than the Fed pays in interest on reserve balances.
So, banks arbitrage this by borrowing from the facility (the Fed) at one interest rate, and then depositing that borrowed money with the Fed to earn a higher interest rate, and thus are earning that risk-free spread.
They're arbitraging the Fed and the jokes on us.
Although a #Bitcoin ETF scares me, its a necessary double edged sword..
Let's "white board" this issue.
Blackrock, Fidelity, Grayscale, ARK and Valkyrie all met with the SEC about their spot #Bitcoin ETFs a few day's back..
The momentum is tilting to inevitable, and the only question is what happens when $BTC enters price discovery mode.
If this is a cash-in cash-out product (a pump and dump attempt manipulation, similar to gold) what happens to all the #BTC that #Grayscale hold? Does this force them to liquidate to fund their ETF?
Also, does this mean that anyone holding other financial products also need to liquidate & take the capital gains hit if they want in?
Hard to say, but with tens of trillions of investable assets being unlocked, at a minimum, just a 1% allocation would be hundreds of billions...
But this ETF is not bitcoin, its paper prododuct bet and infused manipulation... but it adds mainstream legitimacy and will motivate people to maybe spend 5 minutes actually researching it.
Well, as for selling one asset to buy another, that is just like any other ETF or security. Sell AAPL, buy IBIT, etc.
As for GBTC, I am unsure what the mechanism will be and I expect that is a main point they are working on with the SEC. But would love for someone with more knowledge to weigh in on that.....
My gut feeling is that its an elite attempt at manipulation to gain control... which won't work long term.
What do you think?
The truth is the exact opposite scenario
More proof that most markets aren't good indicators of economic performance.
Where is your home planet, and what's it called?
Leaked kickbacks from Ukraine that are known. The list is definitely far longer. If you need another reason for endless war, here you are.
Im there with you. But i just quit my job in the government and i told them why.
Don't feel bad about not achieving escape velocity. You're awake, you see the truth, and one day, you will.
The solution to this is very simple. Everyone wakes the fuck up, remembers that the government exists because we allow them to, and we all just veto by boycott.
Welcome to the club. It's been happening all over the world for the past 3 years.
I've been saying constantly for over a year, the 2020's = the 1930's.
Last week the Fed announced and negative M2 supply.
We haven't seen a negative M2 supply since the 1930's.
#Bitcoin inches closer to a "gamma squeeze" by the day.
First ➡️ El Salvador
Next ➡️ Argentina
Never Forget
In 2020, these non-bitcoin, crypto people had icon, legend, and rockstar status...
Where are they now?
Not everything is as it seems..
Generally speaking, as technology advances, the cost of production lowers.
These productivity gains should be flowing to us in the form of lower prices set by the free market.
Instead, they're being redirect to our governments by weaponizing our fiat money system.
This weapon is called debasement.
REMINDER:
Credit Cards are a scam the bank uses to sell your money back to you at a cost of 18 to 30%.
Debt Cards are a scam the bank uses to charge you and/or merchants for spending your own money.
Banks are not your friend, but #Bitcoin is.
Exactly... we call out people for their bias from the echo chambers we've built for ourselves... human nature.