The American legislature must let the American dream flourish and extend its power to Bitcoin, or it will be compelled to obey the law, and this has started to happen.
Investors who wish to add an exposure to Bitcoin in a traditional investment account, such as a retirement plan or a cash account, may do so indirectly by buying publicly listed stocks of companies involved in Bitcoin.
This is only the beginning of the awakening for the financial world, the OCC letter serves to generate confidence and in this situation of financial crisis, it is what is most needed.
But consider that Bitcoin is programmatically deflationary, can cross borders without the approval of regulators and doesn’t rely on the resilience of political institutions for its validity and there’s more than an outside chance that it could one day form the basis of international trade and become a major traded currency.
This USD/Bitcoin Ratio suggests that by 2024 Bitcoin (+681% vs USD) will outperform both Gold (+95% vs. USD) and Silver (+139% vs. USD) against the US Dollar.
We are trading our time, which is strictly limited, for a money that can be printed out of thin air with no cost or effort. In no circumstances is this a good deal, so people started looking for alternatives.
Bitcoin is much more than just a cryptocurrency.
You have to understand this if you want to really get the most out of the Bitcoin revolution. It would be a real shame to limit yourself simply to the financial side of Bitcoin.
Keynesianism hates freedom and savings. It is for this reason that you will not see or hear anything good from Keynesian economists when talking about bitcoin.
The boundary for the fifth phase is estimated at between 1.6 trillion and 29.1 trillion USD. Assuming the end of the phase market evaulation, this translates to an individual bitcoin price of between $83k and $1.48m (with a centre point of around 350k).