@jeremycorbyn Please watch this Jeremy. It shows how our broken money system is a huge contributor to falling standards of living for society: https://t.co/Dbajykejpv
@davmk1@ZynxBTC But the inflation inevitably destroys society in the process. Capital flight, further plummeting standards of living, massive social unrest, spike in crime...
And we have minimal natural resources with which to rebuild.
@GoldSwitzerland If gold is revalued to above spot price, eg $20k: would this cause equivalent fall in USD relative to other ccys? So US investors would want to hold gold, but UK investors would need to hold GBP-hedged gold to benefit?
@AllYourModels UK BTC treas cos. still need to be careful of the FCA, and not being seen as an investment fund. You're paying checkers, Andrew is playing chess.
@dylanleclair Do you have a view that the 4y btc cycle is more about global liquidity than the halving?
The price has followed global liquidity y/y change closely, and also explains why we've not gone parabolic yet (money supply growth isn't as high as previous cycles)?
Thanks
@btcjvs Hey James,
Do you have a view that the 4y bitcoin cycle is more about global liquidity than the halving?
The price has followed global liquidity y/y change closely, and also explains why we've not gone parabolic yet (money supply growth isn't as high as previous cycles)?
Thanks
@maxkeiser The gold price is being suppressed by the futures market. Inv Banks go naked short on the other side of OTC longs and they have an unlimited amount that they can long, which takes buy pressure away from the market.
Same thing is happening in Bitcoin now I'd say.
@WhalePanda The interesting thing is Saylor is not questioning it....
Gold has been suppressed for years via the futures market. I think something similar is happening in Bitcoin.