I don't think so. If paypal was looking for yield they would hold the various stablecoins instead. The yield on BTC is dogshit compared to the stable coins.

They could literally transfer all the USD they hold in peoples accounts into tether and make a shit tonne. Of course it wouldn't last for long because they would crash the lending market, which will be the same for the BTC lending market if they start using blockfi etc. 

Soon enough price will be as follows

BTC dominance back over 60%.

A CBDC is about 2 thing, power, and more money for the capital owners.

CBs represent the corporates, and in the CBs eyes the government is not doing enough to help these corporates. If it was up to the CBs there would be constant never ending fiscal responses, this would be done in a number of ways, but of particular importance is giving money to the people. CBs want inflation, because inflation helps capital owners in a massive way. Monetary responses (which is all a CB can do) have reached their limits, so if we are to continue the global ponzi we need a fiscal driver.

Now, despite what everyone thinks about CBs, CBs can't print electronic money (only the private banks can do this, and only through lending). CBs can only print reserves (bank capital), and physical cash. Now physical cash ain't going to cut it, for the simple reason being that it is anonymous, and this reduces the power of authority so no good. Plus dealing in physical is a pain in the ass. Enter the CBDC.

With a CBDC, governments now take a back seat in regards to the economy because CBDCs give the CBs the ability to create fiscal responses. And a CB doesn't have to clear its spending plans in the senate, or any other checks and balances inconveniences related to elected officials. When CBDCs arrive, you will see this helicopter money that everyone used to talk about and every citizen and non citizen alike will be flooded with this new "electronic cash". Be prepared for that inflation, because when a CBDC actually happens you'll see your inflation.

So in summary, CBDC will make CBs very powerful, and kind of like an alternative government in their own right. They also want inflation, and lots of it, so helicopter money will be a thing. The good news for us hodlers (capital owners) is that BTC along with other assets will head north and never look back. The bad news is that the people (labor) will lose out in a massive way, but they'll welcome it because it will be like a UBI. Little do they know that the inflation tax will make them worse off and the entire economy will become zombiefied with the cessation of the last remnants of capitalism. This is the decline of the west.  

The thing about CBs is that they don't work for the government or in the interest of the people. CBs work purely for the corporates, and more specifically the financial corporates. Yes CBs consult closely with government, but, that's only because there are many times when government and CBs interests align.

So, why is the FED begging congress? it's because they are worried about the corporates and they want inflation in an effort to help these corporates. Mandate is irrelevant, FED is breaking rules everywhere and they are 100% above the law, because they are one of the few pillars in our modern civilization, without them, shit falls apart.

Honestly, in this instance the FED is just being polite by asking for more stimulus. The wheels are in motion where the FED can do its own stimulus soon, which will give corporates even more power.

https://www.zerohedge.com/markets/loretta-mester-hints-fed-preparing-deposit-digital-dollars-directly-each-american

I suspect within the next decade the CBs power will rival the governments. Governments won't be able to do anything about it either. They'll be in a very rocky relationship that neither one can leave.

In defence of the children, being little shits is not their fault. The parents are at fault because they raised them to be little shits. My children are great, and they know to always be aware of other people when in public, because I brain washed them that way, and continue to do so.

Having said that I would never take my kids to the pub either, so I guess you only see the kids from shit parents there.

2 things that have completely fucked the world from the dawn of time. Shitty parents, and mental illness. Fix those problems and this place would be a fucking Utopia.

I really hope not, I never want to see 9000s again.

Well I am seeing charts showing that percentage coins hodled are at all time highs, so I think it must at least be some of each type of investor.

I'm sure that eventually buyers will overwhelm the supply, and large investors will be a part of this, but my god it is taking a long time. I mean, with the amount of fraud, corruption, poor governance, and so on, it blows my mind that we aren't higher. Bitcoin is literally the only way to preserve your wealth from those things I mentioned and more, yet people still aren't rushing in.

Imagine if Bitcoin was around prior to the war, would the price of it have gone up as the Jews and other persecuted groups wanted to preserve and flee with their wealth. Or would it have just done nothing like it is now and linking itself to the corrupt legacy markets. When it comes to your wealth, the CBs and Govs right now are as bad as the NAZIs and it seems people are just happy to give everything to them. It's nuts.



 

This correlation with legacy markets is god damn annoying. I don't even need to check the Bitcoin price any more, just check nasdaq, s&p, gold.

When is supply finally going to be overrun so that we can decouple from this bullshit.

I know where in a much better place than a few months ago, but god damn, seems like this shit will never end

I'm thinking more like 14k. At least, temporarily some time during the month.

Damn, don't even mention 9k. I couldn't stand seeing any more more Vegeta pics.

Please, no more 4 digits BTC.

That is pretty awesome, did you do it all by yourself or is there a guide or something?

Was waiting for this pullback to buy, far quicker then i thought it would be.

managed to buy a decent amount at least.

Seriously, this question is idiotic. So long as I am earning an income I will buy Bitcoin at 100k or even a million. Stop thinking of Bitcoin as some kind of get rich Ponzi scheme where you have to get in early. It is a place to protect your earned labor, in other words, a place to "save" your money. Just like when there was a time when you saved your labor in the form of gold and other precious items.

Bitcoin will protect you from the owners of capital. They can not confiscate your bitcoin, they can not print more of it, they can not destroy it by counterfeiting. Hell, if you can keep your mouth shut and purchase wisely they won't even know you have it.

Lets hope there is some good men left. When bitcoin has got me to the point where I don't have to work, my full time job won't be driving lambos, big house, holidays, and all the useless crap. It will be spending my time trying to change the system for the better. I hope others here at least try to do a bit of that.

Or perhaps he sacrificed his account to help start the bull run. Timing was spot on.

In the sense that the world is turning to shit, Absolutely. As far as the actual rise though, supply has just run out, there'll be a pullback of course, but the long bull has started, I just wish it wasn't at the expense of the world going into a dark place.

Well I was wrong about the timing.

My problem with that is they have the sides around the wrong way. The bulls should be the Soviets not the Germans. We beat the bears at Stalingrad now we are at the battle of Kursk.