Word on the street is that Bitcoin is going to collapse. Word on the street says that it was developed by the Mafia. But, if Bitcoin collapses, there really isn't much of any other place to stick your money for daily use... not that Bitcoin is really any good for that. But BitcoinCash has a lot of options to it.
Financial red alert: Government has created the PERFECT STORM for financial collapse At the beginning of this year, I publicly predicted the dollar would lose 20% of its purchasing power this calendar year. That prediction has already come true, with prices skyrocketing on everything from food and fuel to housing (lumber, electrical wiring, etc.).
The dollar has already lost over 20% of its purchasing power this year, and we’re not even through the first quarter yet.
By the time the Biden money printing madness churns out another few trillion dollars in bailout money, the actual purchasing power of the dollar could lose 30% – 40% of its value before the end of this year.
You are witnessing the final desperate blowout phase that spells the end of the American empire. When global dollar domination collapses, the American empire is finished, and the quality of life of the American people — which I actually call the “quantity of life” — will implode. That’s because countries around the world that produce physical goods will no longer sell those goods to the USA in exchange for worthless fiat currency that the Fed printed from thin air.
Horrendous shortages are worsening by the day across the United States, with lumber, copper, food crops, fuel and even microchips in short supply. Car manufacturers are shuttering their factory lines because they can’t get the necessary microchips, and with the Biden regime paying people hundreds of billions of dollars to stay home and avoid working, why would anyone want a low-paying labor job anyway?
The government has now created a “perfect storm” situation where the lack of labor, skyrocketing price inflation and collapsing supply lines is going to lead to a catastrophic collapse. Call it the “debt bomb” or “dollar collapse” or whatever you wish, but it is now inescapable. And when it strikes, America’s cities are going to collapse into chaos and destitution. Tent cities will become the norm, and lawlessness will prevail across every Democrat-run city in America.
Assets that will be wiped out
The coming dollar wipeout will obliterate:
Anything “saved” in dollars, such as bank accounts and checking accounts.
Most stocks and many bonds which are denominated in dollars, including treasury bills, municipal bonds, etc.
Most pension funds, including government pensions.
The nationwide real estate bubble will crater, but not totally collapse since physical real estate always has real value in the real world.
There are only a few strategies to protect yourself from a total asset wipeout.
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Here's the trick. Determining what is really going on. Like everything else, buy low, sell high is a Bitcoin thing. At this exact moment, Bitcoin is barely holding its own, as it looks like it might be dipping again, towards the $45,000 mark.
The question? Get out now, or hold for another big surge beyond $60,000?
Take a look at the charts at the site.
These Are The Biggest (Public) Holders Of BitcoinIn fact, as BofA notes in a lengthy treatise on bitcoin's "dirty little secrets", institutional demand has become more active in the past year…
With supply capped by design and supply growth built to halve every so often, the various swings in Bitcoin demand in recent years have been key to price changes. While there is no single way to split Bitcoin demand, we would differentiate between retail, whale/institutional, and illicit activity demand for crypto assets. For example, institutional announcements in the past year have led to major price increases (Exhibit 5), as a number of household names like Tesla, Square, and PayPal have incorporated Bitcoin into their businesses either as a treasury holding or as a means of payment.
Still, reported institutional holdings generally comprise of a small portion of total Bitcoin supply, led by the Grayscale Bitcoin Trust (GBTC) (Exhibit 6).
Which is in contrast to the retail flows that drove the 2017-18 run up
In section 2, we provide a detailed breakdown on whale/institutional demand for some of the largest accounts. We label it whale/institutional as it is unclear whether some these billion dollar plus accounts are held by a single individual or by an institution. But it seems to us that, while a flurry of retail money to Coinbase and other crypto wallets drove prices higher in 2017 (Exhibit 7), the run up in Bitcoin prices in the past year has been more broadly driven by institutional money flows.
