Absolutely. I know a lot of people who would say the same thing. I, for one, used to watch his street interaction videos a lot—like during the Occupy Wall Street sit-downs. This wasn’t a general dig at him but rather just poking fun at his BTC views, which have become a meme at this point.
It's astonishing that people don't see where this is heading. Literally the sell out of the US and transfer our massive debt to "developing" countries, in order to, again, consolidate wealth, power and control into the hands of the few. Bitcoin will become the failed CBDC.
No mention of the RICO tactics employed by Gensler's SEC against Reggie Middleton and his now patented DeFi technology Veritaseum. You can follow the story here. https://veridao.io/
Veritaseum's peer to peer capital markets tech is the biggest threat to the SEC's power and threat to the dollar itself.
As someone with most of my networth in offshore O&G, Shipbuilders and Uranium Miners, I am seriously feeling the FOMO of not stepping onto the crypto train now..!
The 20-30% corrections along the way will be sure to come, especially if we go into a recession.
Bitcoin is a 'virtual' commodity, and commodities have their ups and downs, so investors should keep that in mind. So I agree with your warning - don't go whole hog.
Lau, I think you have a lot more followers than I - so you might want to get the word out that anyone can invest in Bitcoin, if they choose to. (Not that this is a particularly good time, after such a big and quick rise). What I’m getting at is that most people that don’t have any BTC and just aren’t familiar with it may think $100,000 per coin is impossible for them. They may not know that BTC can be divided into tiny increments, to 8 decimals. 0.00000001X $100,000 = 10 cents! (if I did it right). Of course, any brokerage, like Coinbase, will have their own minimums for a transaction, but still…$10 should get anyone in the game if they’re interested. It’s actually a great equalizer.
I read an interesting article about Bitcoin a few years ago. The author's thesis was that Bitcoin is inversely correlated to interest rates. So when rates lower, BTC rises.
Much respect to Peter Schiff. I've learnt so much about economics and economic fallacy from him and also from Doug.
Absolutely. I know a lot of people who would say the same thing. I, for one, used to watch his street interaction videos a lot—like during the Occupy Wall Street sit-downs. This wasn’t a general dig at him but rather just poking fun at his BTC views, which have become a meme at this point.
It's astonishing that people don't see where this is heading. Literally the sell out of the US and transfer our massive debt to "developing" countries, in order to, again, consolidate wealth, power and control into the hands of the few. Bitcoin will become the failed CBDC.
Some reads: https://expose-news.com/2024/11/29/the-next-bankers-heist/ or https://unlimitedhangout.com/2024/11/investigative-series/breaking-down-the-chain-an-investigation-post-mortem/
No mention of the RICO tactics employed by Gensler's SEC against Reggie Middleton and his now patented DeFi technology Veritaseum. You can follow the story here. https://veridao.io/
Veritaseum's peer to peer capital markets tech is the biggest threat to the SEC's power and threat to the dollar itself.
As someone with most of my networth in offshore O&G, Shipbuilders and Uranium Miners, I am seriously feeling the FOMO of not stepping onto the crypto train now..!
100k BTC seems seriously overbought atm though..
The 20-30% corrections along the way will be sure to come, especially if we go into a recession.
Bitcoin is a 'virtual' commodity, and commodities have their ups and downs, so investors should keep that in mind. So I agree with your warning - don't go whole hog.
"Don't go whole hog" - I like that. 100% agreed, esp., like you said, if we go into a recession. Thanks for weighing in, Al.
Lau, I think you have a lot more followers than I - so you might want to get the word out that anyone can invest in Bitcoin, if they choose to. (Not that this is a particularly good time, after such a big and quick rise). What I’m getting at is that most people that don’t have any BTC and just aren’t familiar with it may think $100,000 per coin is impossible for them. They may not know that BTC can be divided into tiny increments, to 8 decimals. 0.00000001X $100,000 = 10 cents! (if I did it right). Of course, any brokerage, like Coinbase, will have their own minimums for a transaction, but still…$10 should get anyone in the game if they’re interested. It’s actually a great equalizer.
I read an interesting article about Bitcoin a few years ago. The author's thesis was that Bitcoin is inversely correlated to interest rates. So when rates lower, BTC rises.