Are you kidding? This Armstrong guy is a renouned Economics guy. He has advices presidents, and global central banks.
It's interesting cause I said this 2 months ago when I first read up on Bitcoin, that the way bitcoin was moving was not right, it wasn't sustainable. I even said the govt had a hand in it but not in the cyber attacks. I think Armstrong misses the point that bitcoin is any govt's dream. They want bitcoin to succeed which means they're gonna hype it like crazy very soon.
They're gonna kill the dollar in 2015 and replace it with a digital currency. The Euro is in serious trouble, the Yen is nearly dead and the dollar is now 97% worthless. And china wants a global currency. Who does that leave? Nobody that can fight the new order if all of the above get together with a new digital currency and that's why the US has probably been buying gold like crazy and will now drop the gold prices much lower closer to $500 to buy up all the world's supply of gold.
And that's my take. I'd love to hear Armstrong expand on his bitcoin theory and respond to mine.
Yes, I completely agree with your outlook. Armstrong is a famous economist, and he knows a lot about money. His ideas will surely apply to Bitcoin.
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