Economy
The Monetary Emperor Has No Clothes – The Case for $650,000 Bitcoin
We must come to grips that central banks are essentially in a race to the bottom as far has the value of the dollar is concerned.
From rat poison 2.0 (in the words of famed investor Warren Buffet), to the liking of institutional money, Bitcoin is proving itself to be perhaps the most unique investment of our lifetime. Its ability to act as a hard form of money, free of the political desirers of the bankers and politicians, makes it the perfect vehicle for all economic actors to adopt. One would only have to consider the abuses of centralized monetary systems we see playing out now more than ever to come to this conclusion. Let’s look into why Bitcoin is superior to the monetary systems we live under today and let’s also consider how valuable this network can be in terms of dollar valuation (every investors favorite things to do). Let’s go …
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