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Everything posted by Mic Drop
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"If printing money created wealth, there would be no poverty left on earth." - Ron Paul
Opt out of Fiat, Buy Bitcoin
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The fact that Bitcoin gives anyone property rights without the need for state enforcement or identification is a simply massive historical innovation that will take many decades for humanity to properly appreciate
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@federalreserve's decision to increase the frequency of the dollar swap lines from weekly to daily is aimed at avoiding a March 2020-like global dash for cash where investors sell everything, including BTC, for cash.
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Bitcoin is:
- The only digital asset with no counterparty risk
- Censorship-resistant and decentralized
- The only digital asset with true scarcity
- Backed by energy, not politics The coming decade will see massive deplatforming and currency devaluation
Do the math
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Math and computers are fixing finance. Before 2009 we didn't have a choice. Now there's bitcoin , people are exhausted of same cyclic issues and they are learning they can opt-out from banking.
Last time in 2008 when we had a banking crisis, there was no alternative. You had to liquidate, sit and cash and wait. Now we have an escape hatch. Bitcoin
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TWO HUNDRED BANKS AT RISK OF BANKRUPTCY- WSJ
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As US regional banks continue to struggle, Bitcoin's market capitalization has grown by a staggering $194 billion in 2023, exceeding Wall Street bank stocks' growth.