Bitcoin demand is not where it needs to be yet, in order for price to increase. More information needs to be released regarding rate hikes, and what impact they will have economically. Bollinger bands are getting extremely tight which always leads to massive Bitcoin volatility. After consolidating since December 1st, we see signs of life. See below:
CPI rents and asking rents are vastly different. See this next chart below. Ask yourself, will rents increase drastically with the rest of inflation as they have only begun to do that? What will that do to the middle class and below? When food prices, rent, gas, electricity, clothing are all 2X to 4X what they are now, and unemployment is up. What will the middle class do? It is tragic what is about to happen to America. The middle class will either adopt Bitcoin, or allow themselves to fall into central bank digital currency (CBDC). If they go with CBDC as a default position they are giving away any freedom they have left. Bitcoin is freedom. When it is increasing hundreds or thousands of % annually, while inflation is 30%, 40%, even 50% annually. Inflation cannot hurt them. Without it, they are doomed. Think inflation will never reach these levels? See this chart below:
Also see this article about the Petroyuan negotiation between Saudi Arabia and China, click here to read more.
Hard money destroys money that is loose. USD is about as loose a money as has ever existed. Weimar republic was worse, Venezuela. See this quote from Saifedean Ammous, author of the Bitcoin Standard:
Bitcoin is bigger than 495 companies in the S&P 500. It was given away for almost free in early 2009. Below is a graph of what Bitcoin’s trajectory is, looking out 13 years. Bitcoin has no top because the dollar has no bottom. You can work as many hours on a business or a job as you want. Why would you trade that money in for a 20%, 30%, 40% or 50% annual loss to inflation when you could enjoy a truly hard money on this trajectory:
When we started this blog 18 months ago. We had no idea, that the USD would lose it’s global reserve status this fast! If the Saudi Arabia China deal goes through. The USD is finished. It may take 6 months or even 18 months, but the global reserve currency status the USD enjoys will end! Soon! Our pleadings have gotten more and more serious. Bitcoin can triple in value in a week. That week is coming. Could be April, May, June. We don’t know, but this negotiation is a GAME CHANGER! No one who wants to survive economically can afford not to own at least some Bitcoin. No one. 18 years old, 90 years old. This is not financial advise, and we are not financial advisors. Do your own research. Bitcoin is not going anywhere, but the US dollar is! We can now see a total collapse of the USD is right in front of us. Startling and shocking as it is. When Saudi Arabia and China agree to trade Oil in Yuan. That is extremely significant and will send shockwaves globally when it is announced. We see it as eminent.
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