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RE: FED Balance Sheet approaches $4T as Everything Bubble continues inflating

in #bitcoin5 years ago

I'm not going to be surprised if Bitcoin gobbles up the entire legacy economy over the next decade. It's entire purpose is to act as neutral economic ground to soften the blow of catastrophes like this. Bitcoin was literally built for this upcoming crash, and was born in response to the last one.

Bitcoin is immune to long-term manipulation. Bitcoin is not a store of value, it is a generator of value. The establishment can only manipulate it in the short-term because it's gaining value so quickly.

The precious metals market is much easier to control because gold and silver don't actually gain any value over time. They just store the value. Pump/dumps, futures markets, and all the other tricks they use don't work nearly as well on an asset that is doubling in value every year.

Bitcoin is going to be the only viable ship these rats can swim to.
You said it yourself liquidity is the killer app in this situation.

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Yep, very good points. Especially when you use my own against me. :)