Mt.Gox Repayment System Is Opening

The week ahead is largely very boring, we have got the FOMC meeting where they going to discuss prior actions and also maybe get some forward guidance. This may move the market somewhat, that will be an event to watch hopefully their FED give forward guidance. I think the rate is coming to an end, this is what is driving the market to the downside is going to be the same thing that will drive it to the upside. In 2022, we were banks buying record numbers of gold and Bitcoin are friends. The monetary system and what they have been allowing to get away with and inflated on all of us that have used the monetary system that they control is nothing short of criminal.

We are seeing it coming to real questionability, this is why Bitcoin was created. Now, we got this alternative system in which crypto to fiat and gold has and always will be a system of value. We have seen Bitcoin's real acceleration and we have seen gold as well. Some of the areas in the stock markets are already at high points regardless of everything last year. I think crypto is going to try and cash up to all these and you could see a new Bitcoin all-time high before you know it. If you look at things against the dollar that are alternatives vehicles edge the dollar, Bitcoin is going to do very well under that narrative. We are seeing real spotlight shit on Gold and I think Bitcoin bounces under that sunlight also.

We have got this really still yield curve that is predicting something major and that major thing has everything to do with the fiat system, potentially a mass default on debt which will then put questionability on the system and push people to the like of Bitcoin, DeFi, and Gold. Right now, the Mt.Gox repayment system is opening and their repayment will be carried out in October of this year. There is a lot of Bitcoin in Mt.Gox, there is always going to be a threat of sell pressure we know the that US government dumped 9,000 Bitcoin last month and it didn't affect the price.

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