@haejin I typically like your posts but this one contains little logic and is damaging as a result. 3.6 mil Bitcoin would mean that the total value of all Bitcoins would exceed the total calculable sum of all known assets in the world, in the many trillions of USDs. It is ridiculous to think that Bitcoin will take the place of every single piece of wealth in the world
RE: Bitcoin (BTC) Evening Update: Analysis on How Bitcoin can Reach $3.6 Million...or HIGHER!
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Bitcoin (BTC) Evening Update: Analysis on How Bitcoin can Reach $3.6 Million...or HIGHER!
USD's devalue and multiply, it's in their nature.
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Until deflationary storm hits.
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Though, I believe once the equities double from current value and finish their own parabolic move, a deflationary wave will occur. This deflation will value the cash USD more than anything else. It will be cash that everyone will want.....not credit, not loans...cash.
When the market crashes like shown below, all those who have margined everything to keep on buying will suddenly face margin calls. These poor souls will sell any asset they ahve to raise what? To raise cash to meet the margin calls. The same thing happened for housing crisis.
So, during these times hard cash is best or Treasury Bills which has the shortest duration times. Eventhough the Fed has lots of debt, it can still service 100x it current level of debt. The Treasury will be solvent for quite a while.
That's why the Fed is deathly of deflation and prefers inflation. Hence the QE1,3,4...and if they need to Fed wil QE to 1,000x to keep deflation out.
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Wouldn't QE to that level cause hyper inflation and the collapse of USD, or am I misunderstanding the whole thing?
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If there is no deflationary pressure..yes. But with Deflationary pressure, the hyperinflation is becomes selective like it was with QE on food items.
Deflation is more powerful than the Fed and one of that category is coming not too distant from now.
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We ....eh quantities easing.... the hidden agande good ole Bernanks helicopter USD dollars ha ha .... bernanke and merkle quite the romantic 5th level affair. We are in the midst of WW3 the last and shortest of the three... can you see it
Thank you Kindly
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The market cap would be 60 119 863 199 878. That is 60 trillion, if I am not mistaken.
According to this article, all fiat in the world is around 80 trillion, but there is 1.2 quadrillion invested in derivatives alone:
https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18
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thanks for the article
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And what's wrong with that?
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