Bitcoin has the potential to become the new gold standard now that the amount of money invested in Bitcoin worldwide has surpassed silver. Still, Bitcoin has crashed a lot today, which seems to have crushed my prediction that Bitcoin could go to a hundred thousand within a month. However, that conclusion may be premature.
It has been clear for years that the elite would like a digital traceable currency and that blockchain cryptocurrency offers the ideal solution. Bitcoin is the most established currency and many large entrepreneurs have not only stepped into it financially, but have also set up a payment infrastructure. PayPal now has a Bitcoin buying and selling system and a lot of international trade with China from countries with an unstable currency, can be realized quite easily overnight with the Bitcoin.
To be clear, when I write about Bitcoin, it does not mean that I am in favor of that traceable money, which in the near future can easily be linked to social credit systems as we know them from China (which makes it very easy for the state to freeze assets of disobedient citizens). I write about Bitcoin to analyze the phenomenon and fit it into the big picture of the master script that I explain in my book.
If Bitcoin is to form a kind of gold standard, you actually want ordinary citizens not to dare to burn their fingers on it at the moment. After all, you want Joe with the Cap to be hit hard in the planned economic crash that is supposed to cause chaos. Then it is quite useful to launch some negative news every now and then about regulation or about large coin exchanges going bankrupt. Those small investors quickly get too hot under their feet after a loss of a few thousand euros and look for the emergency exit when a 10% drop occurs, as it is today.
The news that the Joe Biden administration wants to institute a tax doubling on capital gains for the rich was the trigger for today's fall. If this will also be implemented on Bitcoin profits, it may now be the incentive for many to choose the backdoor of Bitcoin trading before that regulation is implemented.
The big question now is whether this heralds the definitive end of Bitcoin. If you ask me, it will be too late for that. There is too much capital in Bitcoin, too many large mining operations have been rigged, and too much international trade already depends on it; so much so that China has reversed the apparent and long-hypothesized plans to ban Bitcoin.
In fact, today's dip could be a good entry point for the American billionaires who see the stock markets plummeting and the dollar likely to collapse soon, providing Bitcoin with a safe haven. They usually have offshore hedge funds, so Biden's proposed tax increase will not, by definition, affect them. If they see the dollar fall and the stock markets collapse, Bitcoin is the quickest way to safely funnel your money into those offshore hedge funds. A great buying opportunity for the large investment funds.
Bitcoin may have fallen sharply today, but I stand by my prediction that we will soon see just the opposite movement: a peak rise belonging to the master script, in which traceable money must be given the leading role, American hegemony including the trading standard of the dollar must collapse and American society must end up in civil war in order to be able to carry out Ordo ab Chao.
Source link entries: rt.com, zerohedge.com, zerohedge.com
11 Comments
What is your strategy Martin, to hedge yourself against a crash of the dollar/euro?
Be aware
Um, no. 95% of the coins will break (95% of the coins are Chinese). Ripple is the future – with the other coins that will run on the ripple ledger – xrp is sustainable, open-source and decentralized. 70% of btc is mined in China.... XRP is a value currency that will be used as a bridge between countries. Xrp can execute 1500 transactions per second. Swift is leaving, xrp ripple is coming as a standard to make international payments, for example between Mozambique and the Netherlands, boom! Fraction of a second ! With super low fee! Its all about sustainability y'know yet 😉 wef has ripple as a partner. Xrp xlm xdc algorand iota possibly dodge (more like a meme, but that's why a lot of potential) The technology that ripple uses is different from btc. Just Google the differences in numbers. Xrp ledger is going to be the middlemen for all transactions!!!!!! 95% of coins break because they can't be regulated. This is a moment in history. Biggest wealth transfer is coming (is already underway).. and yes the SEC has a lawsuit against ripple, but they are winning ripple; It is precisely the evidence that is going to undermine ETH and BTC. XRP is not a security but a crypto asset with value 😀 ... As I say: "ripple my nipple"
Possibly, but I still think that Bitcoin as a kind of gold standard will form the basis of those kinds of coins.
And 95% should be 99.5%!
The Blockchain is here to stay! Which crypto coin it will be is unimportant! It's not going away and we're going to make payments this way and we're already doing it on a small scale.
You can already get a prepaid credit card for free through various trading platforms and top it up with crypto you own as you wish. You can spend this as money is to your liking, almost any store with VISA acceptance! Without the intervention of a bank! The new cash but digital haha!
Max and Stacy explain it well. which shows that my article more than makes sense:
What if they shut down the internet when they carry out the Polygon project?
No one can access their Bitcoin or anything like that anymore.
What if they empty the exchanges?
Or whatever? Easy to blame a cyber attack!
You own nothing, remember?
In my opinion, the best thing to do is to buy gold & silver. Doesn't have to be much.
To put into perspective how much silver is currently worth.
1 oz silver coin (~31.1 grams) is currently about €25,-
Historically, silver prices have always remained very consistent and 1 silver oz is equivalent to 2 weeks of (unskilled) full-time work.
You don't really buy to get rich either. But just so you still have options and don't have to participate in whatever WEF comes up with.
The only bargaining chip that dissidents will have in the future.
In my opinion, Bitcoin will go to $0,000 someday, Ripple will probably be his replacement.
When it comes to crypto, I personally think you should only look at privacy coins such as monero or pirate chain. I'm afraid of a Cyber attack psyop around November/December where the internet of the grid will be shut down. Then cold/hardware wallets are your only safe haven...
Here are the latest developments (and keep in mind that these are Bitcoin evangelists who certainly don't point out the danger that it is a tool of power that will be used as part of a totalitarian control system):