Bitcoin is a volatile asset.
It went from $0.01 to $126,000 in about 15 years. There were many 50-85% drawdowns along the way.
Bitcoin has averaged a Global Financial Crisis every 18 months for the last decade.
Yet bitcoiners continue to hold through all the noise. The blockchain produces block-after-block of transactions.
And the critics take their “victory laps” during the drawdowns, only to get their faces ripped off a few months later in a bull market by the best performing asset since 2010.
It is a story as old as time.
Let the critics celebrate today. They will predict the death of bitcoin for the thousandth time. They will point and laugh at those who hold the asset.
But secretly they know the truth.
Their dollars will continue to devalue and bitcoin will appreciate over the long run.
Scarcity never goes out of style.
If you believe free speech is for you but not your political opponents, you're illiberal.
If no contrary evidence could change your beliefs, you're a fundamentalist.
If you believe the state should punish those with contrary views, you're a totalitarian.
If you believe political opponents should be punished with violence or death, you're a terrorist.
Mark Zuckerberg just admitted three things:
1. Biden-Harris Admin "pressured" Facebook to censor Americans.
2. Facebook censored Americans.
3. Facebook throttled the Hunter Biden laptop story.
Big win for free speech.
REPORT: “The [COVID] vaccines will drop the chances of getting pregnant.”
This claim comes from renowned cardiologist Dr. Peter McCullough.
The data is disturbing.
Dr. McCullough reports, “There are now several manuscripts by [Dr. James] Thorp and colleagues indicating that women who take the vaccine, particularly during pregnancy, have a much HIGHER rate of having a miscarriage or stillbirth, as well as premature delivery.”
There was also a “fourfold increased risk of birth defects” in a small Pfizer clinical of vaccinating women.
“Broadly, the vaccines interfere with the female menstrual cycle,” Dr. @P_McCulloughMD says.
A systematic review by Nazir and colleagues looked at 14 studies with over 78,000 vaccinated women. They discovered that 52.05% of women had menstrual issues after COVID vaccination.
Meanwhile:
Foreign holdings of US Treasuries just reached the lowest level in 19 years.
This concern is further amplified by the diminishing availability of buyers for Treasury securities.
Market participants are beginning to recognize that the true risk this time around lies not in the failure to reach a debt ceiling agreement, but rather in the escalating and concerning nature of the debt problem.
In the last three years, the responsibility of absorbing this debt fell on the Fed and US banks, but now both entities have withdrawn from that role.
The current lack of demand is indeed a growing problem that may ultimately necessitate the intervention of the Fed as the buyer of last resort.
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BREAKING: A meta-analysis conducted by the Cochran Institute — considered the “gold standard of evidence-based reviews” — has concluded that masks and even N95 or P2 respirators offer little to no protection against COVID-19.
We were right.