Bitcoin = Freedom: You may not know you need Bitcoin, but you KNOW you need freedom
Despite the White House and Janet Yellen saying we are not in a recession now, even though there have just been 2 consecutive quarters of negative GDP growth. We see the BRICS nations joining together to create a new SDR (special drawing rights) backed by a basket of currencies from the BRICS nations. Brazil, Russia, India, China, and South Africa. Saudi Arabia and other countries are discussing joining the BRICS nations. Many African and Middle East nations will use this SDR for trade. This makes the USD losing it’s global reserve status, a foregone conclusion. It is no longer a question of if, only a question of when! Here is an article about the BRICS SDR, click here to read more.
In 2020, Kirkland’s butter was $6.99. Now it is posted at $13.99. Many food’s have doubled in two years:
Fuel has more than doubled. If transportation, rent, and food have led inflation as the most expensive inflationary items on a budget. Who does this impact? The middle class and below! However, anyone can afford to buy Bitcoin. You can buy $5 worth of Bitcoin and save it. Use it as a store of value. It is up 300% up to 565% since March/April of 2020! Below in this next chart we see the gausian channel. This compares where Bitcoin is now to where it was in 2019, when it bumped the gausian channel mid line, and dropped back down. Bitcoin is trying to climb up:
Here is another chart to prove this point further. It is the DXY (USD index chart), inverted. So the tops of the DXY are inverted to look like lows. In the mid 80’s the DXY hit 150, and resulted in a major crash. In 1999 it hit 120, and resulted in a major crash. Now it has topped out at 109, currently at 106.9. Will this mark another crash in the DXY. If so, Bitcoin will go bullish:
Economists like Larry Summers and Janet Yellen, the treasury secretary, are spinning the terrible economic news to say this is not a recession, it’s a transition. Transition into what? The great reset? Here is Sri Lanka after their government and economy fell. Yet, they have one of the highest ESG scores in the world (98.1):
Civilian protests are going on in the following countries: Denmark
- Sri Lanka
- Italy
- Panama
- Australia
- Cuba
- Puerto Rico
- France
- Malawi
- South Africa
- Germany
- Albania
So again, the countries where pipelines, nuclear power plants were shut down in exchange for renewable power sources are going into recession, revolt, and in the case of Europe. They will be very cold this winter without the Nordstream 2 pipeline supplying them gas for heat. Yet, for those people who store their wealth in Bitcoin and not the local currency. They have options, they are not held captive! Their wealth has grown. If the DXY chart does turn over after the FOMC announcement this afternoon, regarding the next rate hike. Bitcoin will go on another run! We can see this happening. We think the FED will announce a 75 bps rate hike, but it could be 100. Either way, it will make European bonds lose value, it will burn those economies. Eventually, the flight to safety will not be US dollars. It will be Gold and Bitcoin. As we keep saying. Between those two. Bitcoin will be the winner since it truly has all the properties of money, while Gold does not. Watch Lumber and Gold prices, as a precursor to Bitcoin. When Lumber and Gold go up fast, the great exit from the dollar is beginning. It has not even started yet. We don’t know how long this will take. Not too long. All people run for freedom eventually. Hard money is free from central planners manipulating it’s value! This is why Bitcoin = Freedom. We are not financial advisors and this is not financial advise. There is a transition away from traditional assets, tied to the old monetary system. The new monetary system will be digital, and it will be sovereign. Because people will not live under captivity! Ultimately, freedom will win. Bitcoin is a part of that freedom. Watch Lumber and Gold! When they move, and the DXY drops, Bitcoin will begin it’s next move. We already called that the Bitcoin bottom is in. Now is the time to invest! This has been true since mid June! How much longer will Bitcoin be this cheap?
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