To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example.
So what happens to Bitcoin if the situation goes out of control?
There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis. Also known as the 'Cypriot Haircut':
No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized. They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island.
This is what happened to Bitcoin then:
In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst.
That's my personal opinion. Let me know your thoughts.
One Love,
the FXPROFESSOR
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Waiting for the next systemic risk to arise... this chart will be very important soon
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Just a little update and a little reminder of Bitcoin magic. Is this a new breakout now towards 46k? Very possibly yes
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Revised fxprofessor mega chart
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update
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Just an update on the way to 40k. chart has worked perfectly
If the dollar keeps going higher and they keep de levering bitcoin will only keep dumping its a lot bigger then it was in 2013 and would need capital flows that disrupt debt payment structures, it’s just not do able
MrMoneyMatrix
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It's impressive to see so many likes on misinformation
lifeonthewater
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@MrMoneyMatrix This whole community is misinformation and biased narratives to pump garbage. Its sad the amount in this community that will get destroyed.
FX_Professor
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@lifeonthewater, 🙂you are part of this community too. so, not the whole 🙂🙂
vici9
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@lifeonthewater, unless most influential countries ban crypto, in 10 years crypto will come back stronger because stocks and banks are not cool anymore, sounds stupid? ask new generations what they wanna buy it's all about crypto and there are too many people building on top of blockchain to get funded and provide more value than a traditional business, people don't care if they use USD BTC or some shit coin if it gives them more value they will come and that doesn't even include shitty management from banks old mindest and poor adjustment to new generations, you don't ask wall street which pharmaceutical company will 10x in value you ask the pharmacist what people are buying