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RE: BITCOIN THROUGH $4,000. WHY THIS IS NOT A BUBBLE

in #cryptocurrency7 years ago

The enthusiasm is high. Ain't gonna abate soon. Why it won't dip in my opinion is this, the distrust in govt is at an all time high. Venezuela is deep in shit because of bad financial management in a centralised government. Trump doesnt behave presidential enough to tell us he can manage America what more if he wants to manage the world. The underlying fundamental to any country is not the strength of its troops, its the strength of its economy. The backbone to any economy would be the currency that oils the clockwork. So there you go. Why do China shy away from controversies, because they ain't no hero. Won't shock me if they have a good stockpile of bitcoins as their reserves.

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Why it won't dip in my opinion is this, the distrust in govt is at an all time high.

Just wait until we see the next debt bubble burst and we get GFC at a global central banking level.

It's going to happen, it's just whether they can stay in control.

We just need another Venezuela to happen. Spain and Greece are potential candidates.

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