The #Bitcoin halving is near…
We’re giving away a BLOCKCLOCK mini and $100 CAD to the first person to guess the exact date and time of the halving!
RT, like & follow us to enter 🤝 1 entry per person, leave your guess in the replies 👇
@ronmortgageguy Unfortunately this is nothing new and will continue to get worse. Demand outweighs supply by a long shot. Unless we have some sort of black swan event, I don’t see this problem getting better and thinking that it will is just a form of cope at this point.
WORLD WAKING UP to the fact that a bank deposit is an unsecured loan to a leveraged counterparty, that the FDIC insurance fund only has $128bn, that total deposits in US commercial banks=$17.6 trn, &...here's the big one: that money itself is a confidence game (always has been)🤔
The fluctuation will always be in the USD due to fed policy and poor decision making by incompetent leaders. Hard assets like gold and #bitcoin are constant (regardless of what arbitrary $ value you assign to it). What matters most is the trajectory of $. Ticking time bomb.
Imagine this graph, but in fast forward.
That’s what happens when people exit a failing fiat currency and enter gold. In this case, they’ll exit the dollar and enter digital gold.
The bet isn’t a way to make money. It’s a way to alert innocent dollar holders: get to Bitcoin.
The Fed made 100+ banks insolvent.[1]
Monday will see huge withdrawals.
But moving to big banks is a trap.
Trillions will be printed, and you will be diluted.
You need an asset that can't be seized.
Bitcoin is the only global safe haven.
#Bitsignal
[1]: https://t.co/UYC335FCYI
@BowTiedGatorDDS What are your views on oil pulling? I’ve done coconut oil pulling and find that it makes my teeth less sensitive. Not sure if it actually prevents cavities.
@BowTiedBull Does your outlook apply to Canada as well? Hard to see anymore significant downside to RE with 500k immigrants entering per year. Demand is still too high.