Bitcoin: Shining as Inflation gets offshored to the rest of the World!
As the Bank of Canada hikes rates 100 bps, Jerome Powell, US Fed chairman, hints at a 100 bps rate hike for the Fed as well. The FOMC meeting is July 27th. We still see next year as a time when possible rate cuts and QE could happen. We do not see any change in Fed policy in 2022. Inflation is just too bad! This likely means Bitcoin will be cheap for the most part, all of 2022. What an opportunity to those who have actually researched Bitcoin and zoomed out on the charts. In other news out of Canada, Digital ID, tracking, and facial recognition is being rolled out in October:
This will go hand in hand with CBDC. This will also start rolling out in some countries next year. As the US Fed keeps raising rates this year. 2023 is a wait and see. The Fed is shipping their inflation to offshore markets. In other words, rate hikes are crushing bonds. There is already a flight to the USD as a safe haven from foreign bond markets. If Saudi Arabia goes through with their commitment to join the BRICS nations using their (Brazil, Russia, India, China, South Africa) Gold backed currencies in exchange for Oil. They will depeg from the US Dollar. At some point, perhaps next year, this will create a decoupling from BRICS nations and their offiliates (Argentina, Saudi Arabia, Qatar, Iran, Venezuala, Egypt, and Turkey). A decoupling from the USD. At that point, the USD could actually lose it’s global reserve status. This could happen in a year or two. Maybe sooner! Shocking, but it’s happening right now:
In 1 week: Boris Johnson resigns, Mario Draghi resigns, Estonia's PM has resigned, Sri Lankan government was overthrown, Japan's Shinzo Abe was murdered, Dutch farmers are revolting, Irish government had a no confidence vote, Saudi Arabia, Turkey & Egypt move to BRICS.
The Global Monetary system is going through tectonic plate shifts right now! For the rest of our lifetimes, this will impact all of us! Everyone, no matter their age needs to research inflation hedges like Bitcoin, Gold, Art, Land and make the appropriate changes. The consequences of not making these moves is dire! The CPI is now 9.1%, highest since 1981. See shadow stats below, and even this is “conservative” at 17% real inflation for the US. We believe it is more like 18% to 19% now, and over 20% in New York, California:
As CPI hits 9.1%, ironically, there is only 9.1% of the 21 million Bitcoin to ever be produced left to mine. See this chart below to demonstrate how, as Bitcoin becomes more and more scarce. It’s price always goes up. Bear markets are consistently every 4 years, and they are always short lived. A year to 18 months. This one started in May 2021 technically. The all time high was November 9, 2021. Yet, Bitcoin quickly slipped back into bear market territory after that last final bull run up to $69K, click here to view on twitter.
See the yellow line in this next chart below. That is number of wallets with more than 1 Bitcoin. That number has grown parabolic. This adoption will explode the Bitcoin price higher as global investors realize the risk off, safe asset is Bitcoin and nothing else:
Bitcoin is more scarce, and more of a deflationary, scarce asset than Gold, and a better hedge than Gold. It has outperformed Gold over 10 to 1 since 2009 when it first came out.
Then look at real estate. China has convened banks because most home owners are refusing to pay mortgages in China.
- View on Bloomberg
https://www.bloomberg.com/news/articles/2022-07-14/china-convenes-banks-on-mortgage-boycott-that-s-roiling-markets?sref=Kf0MXoXH#xj4y7vzkg
- View on Twitter
https://twitter.com/stackhodler/status/1547546337595514882?s=20&t=QT-xplNvSOqyrscnbPHN0A
After the FOMC meeting and into August/September. Neutral ATM expects more riots, more nation states collapsing into chaos. This contagion is spreading fast! Real Estate is staring down the barrell of a global collapse depending on how China reacts to their situation. This is going to be a LONG SUMMER! Bitcoin however, found it’s bottom in June at $17,500. Amid all this turmoil there is a only one risk off, scarce, asset that is truly decentralized from central bank control. Look past the short term volatility and see the long term inflation hedge that Bitcoin is. It is a separate, competing monetary system to the fiat monetary system. It is winning, and the key now is to invest in it before it has become the exit liquidity for all nation states looking to get out from under fiat currency control. This is not financial advise and we are not financial advisors. Eventually, Bitcoin will not be volatile at the end stage of it's growth curve. Right now you’re an early investor, if you own it. So own it, and accept the volatility in exchange for a whole new free market monetary system separate from the corruption and control of central banks. They are NOT looking out for you!
Neutral ATM is here to get everyone off of zero Bitcoin.
Give Neutral ATM a try. We have low rates, convenient locations and we are expanding. Contact Neutral ATM, we will answer all your questions about Bitcoin and using our ATM machines. Find a Neutral ATM Bitcoin machine location near you.