We live in a fake world with fake money & fake valuations. Fiat currency will return to it's intrinsic value of zero, it has been proven countless times in history. Assets purchased with fake fiat will lose 90%. People know the price of everything today but the value of nothing.
@charlesamadeus I would add very important signal that despite this type of selling pressure, was swallowed up by the market and price action skyrocketed.
Saving in #bitcoin is not the same as investing in stocks.
Investing involves a defined time horizon, entry & exit strategy. Savings is until you need it to buy something worthwhile.
And with the world’s first truly scarce digital bearer asset, it’d better be truly worthwhile.
First two months officially in the books (it's felt like six) and the ten bitcoin ETFs now have over $55b in assets with exactly double that in volume at $110b. If these were the numbers at the end of year I'd call them a success. To do it in eight weeks is simply absurd.
The U.S. is spending 100% of current tax receipts on social programs and entitlement benefits, and then an additional 33% equivalent of tax receipts each on interest expense and the defense budget.
Sustainable 👍
The initial response to the 2008 financial crisis was $700b. 15 years later, the US gov deficit in 2023 (without crisis) is more than double at $1.5 trillion. EVERY. SINGLE. YEAR.
15 more years and your government money is completely worthless. #bitcoin