Bitcoin was born for environments just like this one...
The FED's Balance Sheet is exploding to levels not seen since, ever.
Ever since 2008, the FED's balance sheet has mostly been growing.
A few periods of time it has been growing exponentially.
This is one of those times...
(Source: https://twitter.com/RiggsBTC/status/1248576822616428549)
This is exactly the kind of thing bitcoin was designed for...
Bitcoin was designed to be "Schmuck Insurance" against the money printing practices of central banks.
A way to preserver purchasing power in a liquid and portable asset.
If bitcoin doesn't go up within the next 18 months, it never will.
It's put up or shut up time for ol Bitcoin.
I'm betting on put up time...
We just have to get past the initial liquidity crunch of this current crisis and get past to the excess liquidity state on the other side.
Stay informed my friends.
-Doc
I think it hit schmuck level in the fifties, retraced to schmo for a short period, shot up to bamboozle in the seventies, broke schneikies in the eighties, been on a clear path to HOLY FU$& , BRO! for the last 40 years and might even test Oh, No! You Didn’t levels in the near future.
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Haha, well said!
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