More Signs of DEFLATION-Fewer Fiat Dollars Available To Borrow In Order To Buy Bitcoin, Will The Federal Reserve and U.S Government fuels the Next Bitcoin BOOM! – July 15, 2021,
The one thing I love about Bitcoin is that it trades 24/7/365 meaning that you can get a rhythm of the overall economy based on the price action of the cryptomarkets. Yes, I know the price of Bitcoin is being manipulated, but there are still enough suckers in that market to give you an idea of how much DISPOSABLE fiat money people have available to borrow.
Unfortunately for Bicoiners, they’ve gotten the attention of the Hedgefund managers, many of whom are more ruthless than most people can comprehend. Jeff Soros who by the way is in the crypto markets, in his old life destroyed the economy of entire nations. He by the way is only 1 member of the hedge fund community dabbling in Bitcoin.
All that aside, if or when the price of Bitcoin starts to rise greed takes over, and if the massive price sell-off bitcoin is near, that’s another clear sign of deflation for the global economy. I’m not a Bitcoin price pumper, I don’t invest for capital gains, I prefer cash-flow, dividends, etc.
But it will be interesting to see what Jerome Powell and Joe Biden can do to stop DEFLATION because the higher prices get, the faster the economy will deflate, with or without UBI. In Venezuela, a lot of people claim the Venezuelan economy is INFLATION, no you morons, the Venezuelan government is FIGHTING DEFLATION.
There is no period in history in which an economy based on Gold or Silver standard experienced hyper-inflation? Why because it doesn’t exist, hyperinflation occurs when central planners make promises they can’t keep. In Venezuela, their government refuses to abandon Socialism, so pensioners in Venezuela still get their pensions😂 It’s just that their million-BolÃvar pensions lost their purchasing power.
Now, I got be honest, Joe Biden and his administration are some really stupid people, but fear not Bitcoiners who seek capital gains, a stupid U.S government might work to your advantage because Biden can hammer out one of his many dumb ideas, it will lead to the U.S government sending checks in the mail, and as we all know, a lot of these Biden checks are sent to dead people, scammers and people who shouldn’t qualify and what happened the last time Trump and Joe Biden sent out free money was Bitcoin went on a tear going higher than $60,000!
I suspect if a combination of easy lending and federal government wasteful spend come together like Voltron once more, Bitcoin will, and my beloved Dogecoin will rise once more. But oh yeah, the whole U.S economy, yeah it’s going to suffer from Deflation, because higher taxes, more regulations, and political social justice are very expensive. So more U.S dollars inside of America will purchase fewer goods and services.
The good news for U.S dollar hoarders however will is that the U.S dollar trades on Forex markets, so as was the case when Barack Obama was president, U.S dollars might be better spent OUTSIDE of the United States. I say this as a warning to people looking into purchasing Bitcoin, if the price of Bitcoin doesn’t drop, you’ll have to calculate if it’s worth it buy at $30,000, $20,000, $10,000, or even $5,000. Because if the price of Bitcoin only goes from $30K – $60K or even $100K, that’s not a lot of money, I made more money than that betting on oil prices rising and my oil socks pay me a dividend.
Google Searches for ‘Bitcoin Price’ Reach 7-Month Low | Yahoo
Interesting times ahead!