the only thing that connects Federal Reserve and bitcoin is when Federal Reserve prints more of their centralized altcoin called US dollar to tank its value due to inflation and more people migrate to bitcoin and it helps bitcoin reach mass adoption sooner.
eventually as USD tanks, bitcoin price is going to reach $10 million all thanks to Federal Reserve
99% value in USD lost since 1913, can you imagine if BTC had been pulled out of NakamotoSAtoshi's arse back then, how much it would be worth today? In inverse-USD
The interesting thing is that all FIAT on earth is also behaving the same, but now CHINA is pushing CBDC hard
Most crypto in USA is already 99% under GOV control, so what difference does it make, if BTC is evolving into FIAT 2.0
Quote from the article,
From December 2007 to November 10, 2011, the Federal Reserve, secretly and without the awareness of Congress and the people, funneled about $19.6 trillion to bail out the big banks on Wall Street and around the world.
I wonder how it is going to impact the bitcoin market now? Where exactly it is mentioned that FED purchase bitcoin ETF and related derivative instruments? Do you have a reliable source to this news?
Bailout of banks has no power to influence bitcoin market. But if FED had purchased into bitcoin market, that could have big impact. But can't find any such information.
Just like "GLD" or faux gold sold on the stock market.
The FED buys into BTC futures or BTC-ETFS and sets the price, just like the FED buys GLD which drives the price up or down. GLD is a fractional-reserver-system, they trade 100X more shares than GOLD they hold
BTC futures essentially do the same, and same for "BTC-ETFS" will play by the same game-scam as all the other ETF's, where they trade 100x or more virtual-shares than active
So say what about the orginal 21M bullshit story?? Well remember say BTC-ETF has 1K BTC coin's, but they trade 1M, that means if somebody sell's the BTC-ETF down say 20%, then the real BTC price will follow, even though the ETF only has a small fraction of actual BTC.
Some will say, "But that's OK, REAL-BTC on the block-chain will have more value, than the faux BTC on the stock market', rightly so, but IRS-COINBASE will handle this by black-listing or tainting BTC that is held outside of the SEC-CRYPTO sphere of Influence.
The 21M story don't mean shit if 21M ETF's are all offering 21M shares, and they can trade instantly, so all trading on 'virtual-btc' will take place on the NYSE; Just like GLD some 90% of all trading of GOLD is non-tangible, just paper trades. Same will evolve with BTC all trading and price discovery will be within the scope of the US-GOV
Sure a few people will dick around at 7 transaction/minute on mother BITCOIN, but it will become an ICON, but not where reality takes place.
The irony of course is like all the other NFT scams, now BTC-ETF&Futures are like virtual-virtual on virtual-crypto; In essence there are layer of bullshit so deep, just like housing MTG back in 2007; Everybody with his toilet paper will claim to own high-value addresses on the blockchain, another reason that proof, and registration of all addresses will forced to become public, if you don't comply by a given date worldwide that address becomes 'black-listed' goes on the CBDC world IMF NO-FLY-LIST, trial ran already by IRS-COINBASE
[moderator's note: consecutive posts merged]
