Freedom!
From a statistical standpoint. America is anything but free! The Fed has printed over 23% of all currency in circulation over the last 12 months. At some point inflation will catch up to that statistic. Here are some more:
Many food price indexes have not been available this year. Entitlement spending is 60% of the US Federal budget in 2021! This spending will continue to devalue the buying power of the US dollar. Lumber futures chart below:
“I was gonna go through insurance, but I just sold the plywood, and bought a whole new car instead”:
The next chart below details what the problem is and how the Fed is trying to solve it. Demographics in the US are getting older, and fewer adults that are working age, are available for productive work. The baby boomer generation, is beginning to retire now and that will increase for the next 5 to 7 years. That is the blue line on this chart. The red line is money supply. It is extremely ironic that the Fed recently stopped publishing money supply statistics. So this next chart shows that the Fed is printing money, stimulus, and in the future, look out for UBI. Meanwhile, the productive working adult population is falling rapidly. Basically, a recipe for hyperinflation:
Search the Weimer Republic in Germany.
Many still worry about Bitcoin as a hedge against inflation when the price dips as it has this week! During bull runs, Bitcoin does have dips. It has been re-accumulating or consolidating since early March. This last dump, on Sunday, got the price back into the $50K to $60K range it has been in for most of the last 7 weeks. In the 2016 and 2017 bull run, Bitcoin dipped 7 times. So far, this is the second dip of this bull run in 2020 and 2021. Here is a chart of dips from 2016 to 2017. It gives perspective:
Small holders of Bitcoin that own from .1 to 1 Bitcoin make up a large majority of holders. They term themselves “plebs”. They have been holding much longer than “whales”, those who hold 100 to over 1,000 Bitcoin. There may be many reasons for this but largely the whales represent institutional investors and hedge fund managers. While the plebs represent retail investors. Neutral ATM is a retail investor. We represent Americans concerned over the out of control money printing, looking for a way to improve returns, and get more decentralized. Here is the chart below:
As the consequences of the massive money printing of 2020 and 2021, come home to roost. Bitcoin adoption will likely skyrocket, as it already has been doing. Price action will do the same. We are anticipating a large break out of the price. We thought last week was it, when Bitcoin reached $64,829! Alas, it soon fell all the way back to $50,500. It has come back a good bit since then. We view the dip as an opportunity to buy more, and a reminder that this is a long term investment. The price of Bitcoin is not that important from day to day! Keep stacking it, and the assymetric bet of a generation will come to fruition! We still see it hitting $160K up to $220K in 2021, and we think that is somewhat conservative. People that bought into Bitcoin 5 years ago paid $300 to $800 per coin for it. The asymmetry takes a few years. Yet it brings freedom from the ills of inflation and money printing. Neutral ATM sees a large and painful stock market crash lumming! Bitcoin is a great hedge against this crash, long term. A lot of stock investors will run to Bitcoin when that happens. Gold as well, but mostly, they will run to Bitcoin. Just compare the SPY to Bitcoin since the corona virus dump in March 2020. Bitcoin has 12.5 times more returns than S&P500 since then! Patience!
Neutral ATM buys and sells Bitcoin as little as $20 at a time! You do NOT have to buy an entire Bitcoin. 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.