Winner or Loser? Your Choice. BTC to zero by 9/1/22
Bitcoin permabulls, investors, traders, HODLers who held BTC for over 10 years or even modest bears who expect a bounce after going below 10k, I have bad news for you.
The time has come to make a serious decision:
1. Stick to your magic internet money that clearly proved to be a failure to hedge against inflation and risk losing everything and letting it go to zero.
Or.
2. Dump all of your crypto now and embrace the prosperity, safety and utility of the humble US Dollar that you love to trash so much. The Federal Reserve finally began doing the responsible thing and have been raising interest rates and continue the act of quantitive tightening.
Chances are, they will not stop just because CPI data shows that inflation is under control, and I can envision that the US dollar actually becoming an deflationary asset, backed by government assurance. Bitcoin, and all crypto, deserves to be zero. Change my mind.
The time has come to make a serious decision:
1. Stick to your magic internet money that clearly proved to be a failure to hedge against inflation and risk losing everything and letting it go to zero.
Or.
2. Dump all of your crypto now and embrace the prosperity, safety and utility of the humble US Dollar that you love to trash so much. The Federal Reserve finally began doing the responsible thing and have been raising interest rates and continue the act of quantitive tightening.
Chances are, they will not stop just because CPI data shows that inflation is under control, and I can envision that the US dollar actually becoming an deflationary asset, backed by government assurance. Bitcoin, and all crypto, deserves to be zero. Change my mind.