Quit looking at charts and look at Fundamentals.
Bitcoin has never had to endure "HIGHER FOR LONGER".
Japan inflation rate went up even higher and they are probably going to raise rates.
US Fed is looking at a series of rate increases.
So you think all this money printing is going to save BTC? Not a chance... read on.
The money printer is not increasing M2 supply very much. We are printing to pay interest only on debt and keep the governments head above water.
Every time you make a home or car payment, that money is removed from M2. If NO new loans are made, M2 is decreasing. Retail will NOT be buying BTC as everyone goes into survival mode<<< all ready starting.
If rates increase continue, the real unemployment will be close to 25%, unless working for government or health care that is subsidized by government.
There will be massive foreclosures, that the FED will buy up homes (same as 2008/2009), then take interest rates to zero... Rinse and Repeat.
Thomas Jefferson WARNED US>>>
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
I expect a USA civil war.
The hard republicans who own guns will NOT give them up. NEVER. They will fight the left liberals as the defund the police. It will be a blood bath in the streets.
Hi Tech companies that make robots, not owned by the government will fight even harder.
Eventually the Military will cave in and fight against liberal govermnet.
We will regain our country and it will be a reign of terror just like the French revolution... cutting off the heads in public of left wing liberals.
Would u want to watch the decapitation of those who attempted to destroy what America stands for?
Did u know that the average humanoid robot needs 30 pounds of copper?
They are suppressing the price of copper like crazy, same as silver.
The USA nickel is made of 75 percent copper and will stop making copper nickels this year.
Don't believe me.. do you own research.
YOU WERE WARNED.
This is going to crash everything. Stocks, Precious metals, and Crypto. Rinse and repeat after the Fed buys up all the foreclosed homes when everyone loses their jobs.
Thomas Jefferson warned us....
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…. I believe that banking institutions are more dangerous to our liberties than standing armies…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Everyone is search for FOMO news. But never have we had rates this high for this long.
Im sorry but M2 supply is drying up with high rates.
Yes we are printing money like crazy but it is NOT going into the financial system. It is just paying the interest on our debt.
Remember every time you make a home paying or car payment.. it is extracting from M2 supply. If no new loans are created, M2 supply dies.
Binance is trying to make up for their huge hack. They wait for a new upgrade and or large advertisement and sell all their zec. Binance hates privacy coins and delisted xml. The are not fond if zec because the only way to shield zec is to take custody. If every crypto holder took custody. Binance would not be able to screw markets. One day investors will wske up.
@sk1337le This has to be coordinated.
Same day that Greyscale does full page add?
Binance, has to make up for their losses and somehow they are winning.
Binance is owned by China, They hate privacy more than anything.
We will never be able to pay the interest on higher rates, Japan is learning this really fast.
Higher rates will only lead to a faster default on the debt.
That day will come, no matter what the fed does, that nobody will lend in USD. Then the interest rates become irrelevant... ask anyone in Venezuela.
The CPI would always higher since the SSA Cost of Living Allowance increase has been supressed for next fiscal year.
But it is still CPI a HUGE lie.
We are lied to about jobs. But we know how many Americans are working 2 jobs to survive.
We are lied to about unemployment, because if we knew the truth, everyone would stop spending and go into survival mode.... coming very soon anyway.
We are lied to about poverty levels, which the poverty threshold for low income earners has NOT CHANGED in years. Be we see the results of homelessness.
Unfortunately, most of the money printing is only paying the INTEREST ON THE DEBT. Not helping the financial system.
And now they are going to raise rates more? Gold help us.
As we advance in technology we have created chicken farms and many foods are streamlined. These are usually inflation resistant food items. We can do more with less for the most part.
Other items are not so easy because there is more human involvement and hurdles.
The big picture, is TV's can be mass produced and so can eggs.
Try to get a mechanic to fix your car and look at his hourly wage.
If there is human involvement, huge inflation.
@mert Binance did a coordinated dump to keep wall street out.
Bunance is owned by china...and china hates privacy with a passion.
Sell all your bnb, leave binance. Take all your zec off exchanges and shield
@scottmelker If and when the USA turns full Socialist with a supreme leader, which the Democrats dearly want. Elizbeth Warren would just turn up missing making a statement like that.
Be careful what your party wishes for E Warren.
Bitcoin never had outside competition like AI.
Binance is owned by China and doing everything they can to suppress the price of crypto in general.
Now that AI had become so powerful, Bitcoin will struggle do the the lack of PRIVACY. I think more BTC holders will continue to move in to ZEC.