Just a reminder that USD and other government “fiat” currencies backed only by a government’s promise (and military) are not sound money. Our monetary system has NOT stood the test of time (less than 50 years off the gold standard), and historically when governments play with money printing as they are currently, the economies collapse. USD is also used to keep developing nations poor. Gold is fairly sound but inconvenient. Bitcoin is incredibly sound and portable. Let’s stop letting the government prop up the corporations / billionaires and take monetary policy back into the hands of the people. Thanks! 29K today, 1million+ in 2025 Edit: I should note it will probably crash all the way back down to 50K again next december, if it follows the trend of the last halving cycle
Lol crypto is terrible for the environment and it most certainly doesn't put monetary policy in the hands of the people. Stop trying to pump
The very infrastructure that Bitcoin operates on is backed by governments and their militaries: datacenters, interconnected networks that make up the internet, and the land all of this exists on. Until you have some kind of autonomous region on the earth that is able to fully sustain the bitcoin network, independent of any government, these facts will remain true.
^ This
@Igpay18 , did you lose a lot of money with btc or something?
If not for money printing people would be begging on the streets or revolting.
But... People are begging on the streets.......... and rioting.......
There is nothing wrong with money printing. It’s the capital allocation and its inefficiencies. If money printed stayed in banking system or equity market what good will it bring to others.
OP I’m with you. But don’t waste your time trying to convince clowns on the internet that are complacent with the USD. Let them lose
Our money hasn't stood the test of time so use crypto 🧐
Not all crypto, just bitcoin..... Or gold! But it’s worse as sound money in every way
lol. You are really showing your age and experience level by shilling bitcoin to tech people. Making money by gambling on it doesn't make it legitimate.
I’ll just leave this here OP. 🍿
The force is really strong with this one.
Thanks! Did you know JP Morgan just set a 650K price target on bitcoin? People will understand why eventually. The good news for them is it’ll still be a good store of value 😊
I’m a BTC bull, but anyone that retains a price target of $90 for TSLA is crazier than the folks shorting it. Silver lining; take JP Morgan’s price targets with a grain of salt. Source; https://www.thestreet.com/investing/tesla-trading-at-650-gets-90-price-target-from-jp-morgan
Lol funny that a guy working at a company whose value is all hype with no fundamental financials backing it (aka making a profit) is promoting money thats all hype with no value
Yeah I’m not fond of Uber’s financials, I don’t work there anymore though 😇 Bitcoin’s main value is being “hard” money, meaning it’s an excellent inflation hedge It’s secondary value is being able to provide final settlement between two parties in 10 minutes anywhere in the world. Try doing that with ACH, Wire, or gold! Its tertiary value is essentially being able to be your own bank, which is a great service for the unbanked/underbanked There are plenty more value that bitcoin provides as well
No it doesn’t. As the blockchain becomes longer and longer you need more power to verify a transaction unlike processing credit card transactions. Lmaoo how you gonna call it inflation hedge when it’s price changes faster than most volatile penny stocks.
Cool story
Thanks! Money printing isn’t good for the USD buying power or the wages of the working class, and will spiral out of control. We are following the exact path of the Roman empire. Bitcoin was a gift to the world to so we could escape to follow the path of the Byzantines, giving financial freedom to all rather than wage enslavement.
Also just hoping to help a few people start thinking about the financial tyranny they live under, so they can plan accordingly instead of waiting until they can’t buy bread with their fat salaries.