This could be the next turning point for bitcoin and crypto!?
The following article is posted with permission from Chip and the Chatterbot newsletter.
Its almost APRIL 2023 and time flies right. Can you fathom how fast time is going. WOW! right, and more people waking up! Lets face it the future of the banking system is at risk and people are slowly asking how safe it is to even have your money in the banks.
Its a complicated topic and since I heard that crypto was a scam, now people are starting to actually thinking that having money in their banks a scam.
Oh, fancy that. Its a weird ass world alright. Bitcoin rallied this last week on bank stress and the leading censorship on a digital world of bankless coins. i.e. Crypto! You are now starting to open your eyes as to why we started this newsletter in the first place, because our bots were actually hinting these events were coming somewhere in the future, but it was just meant to happen later on.
But if this is bitcoins cypress moment, the context is very different to 2013. That is for sure. With crypto embedded in the minds of most people very negatively it suddenly faces its biggest test. One that is going to have a gun duel with the financial establishment.
If we talk this as echos of 2008 and 2009, the crypto community has a hard task trying to convince people about how some of our members got rich by by joining us several years back. And listening to our predictive linguistics when many people were skeptical. Others dove in, and made off like bandits!!!
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the 2008 crisis highlighted the banking drama and the how the currency plumbing had huge problems, that many were starting to see.
Them massive losses on svb which had made the fatal error of not hedging its interest rate risk now as fear spreads to smaller Regional banks depositors have fled on mass into wall street’s too big to fail institutions. This is making them even bigger to an unprecedented degree that will position an elite group of Bankers as Gatekeepers of our economy a centralizing power that’s already showing signs of overreach crypto as the bad guy bitcoin’s raison Detra has always been that in removing intermediaries from payments and hard-coding monetary policy into a predictable issue and schedule it offers an alternative to the centralized model of Fiat Sovereign currency run by central banks in coordination with private Banks.
The entrenched vulnerabilities exposed by this past week’s events at first blush
however the news hasn’t been good for Bitcoin and the rest of the crypto Community silvergate Bank the first of a trio to collapse was brought down in part by its heavy exposure to failing crypto firms. That encouraged anti-crypto politicians like U.S Senator Elizabeth
Warren to call for tough measures against the industry helping feed a guilt by association impact on SVB.
Although that bank’s actual exposure to crypto was proportionally quite low with authorities last weekend also shuttering Signature Bank another crypto favorite the government is either intentionally or indirectly using its relationship with these gatekeeping financial institutions to squeeze the industry crypto companies that previously banked with one or more of these three shuttered institutions.
Bank compliance officers as they desperately try to open alternative accounts although the New York Department of Financial Services said signature’s closure had nothing to
do with crypto and was instead triggered by a ” crisis of confidence ” in its leadership people are scratching their heads over why a supposedly solvent Bank was shut down.
Former U.S representative Barney Frank now a board member at signature speculated in a New York Magazine interview that the New York Financial regulator had made the bank quote a poster child to say stay away from crypto. Then, later Reuters reported the FDIC as insisting that any prospective buyer will have to give up on signature’s crypto business the regulator later denied that report here cutting into crypto business leading many to think that there was actually if not an explicit prohibition against buying the crypto business certainly some pressure not to all right back to the piece blacklisting a legal industry in this way is an abuse of power.
Bitcoin seems to be made for this moment if people continue to lose confidence in bank’s ability to keep their money safe The Narrative around Bitcoin self-custody model will only get stronger I think. Its appeal will be further enhanced If the Fed is forced to reverse course and cut interest rates which could weaken the dollar that Prospect. That grew stronger last Thursday with news of an unexpected softening in U.S inflation I see all this playing out in a complicated multifaceted Clash of power one that ultimately compels governments to accelerate the implementation of new regulatory Frameworks for the coming era of digital money.
So on one level the bank failures underscore the need to divorce payments from crisis-prone fractional Reserve banking precisely the solution for which fully reserved stable coins are designed given the usdc’s stablecoin hiccups this past week the argument will grow for requiring stable coin issuers to hold banking licenses with access to the fed’s discount window rather than storing their Reserves at a third party traditional Bank.
I feel that when we talk about money as a whole it is a Confidence Game a matter of faith and trust among the population that uses it it’s likely confidence in governments and their
banking Partners will Wane in the aftermath of this banking crisis. Crypto is for now dealing with an even bigger mistrust problem as this battle to redefine money unfolds it’s incumbent on members of the crypto Community to engage in behavior that breeds confidence. So if they can achieve that the future is theirs all right so that’s consensus is the industry’s only event bringing together all sides of crypto web 3 and the metaverse immerse yourself in all that blockchain technology that you can get your hands on, that is what I think. But then again I can be wrong, and it does not actually mean crypto and block chain is the immediate future, because there are many complexities to the situation we are seeing. Especially with the banks in more tension this week.
I’ve maintained that narrative matters a lot when it comes to the price of assets if you don’t believe me you could ask Fed chair Jerome Powell who said that quote people’s expectations of inflation have a real effect on inflation. So what happened to The Narrative to lead to this type of aggressive 35 trough to Peak change it’s simple really A lot happened on one hand the bank failures given bitcoin’s history the bank failure adjacency is obvious here at least three banks have failed others both American and non-american are failing because it’s not because of Bitcoin ….. its due to so many other problems that people do not actually want to talk about around the table and discuss.
Bitcoin’s market capitalization compared to the rest of the cryptocurrency market which reached a nine month high at 45.5 percent on Wednesday so in all their systemic global bank risks stable coins and crypto proved they needed those Banks to be stable.
The general lanx the Federal Reserve may be pulling back on rate hikes all that has added up to bitcoin when swinging up massively over the last week if that continues is anybody’s guess to be sure uncertainty is never cause for celebration because of its potential negative consequences on people’s lives but for the time being Bitcoin with its fixed issuance at a time of monetary expansion.
This Bitcoin narrative coalescing around it being a desirable asset in the context of bank
failures matters less about whether it was the thing that actually started this rally which again as I’ve said before might easily have been that binance bidding. Now what matters more about it is that it becomes a self-fulfilling prophecy in the middle of this week we
started to see Publications pick up on this narrative it wasn’t just crypto there were fake news running numbers and talking pure bullshit to take the shine away from bitcoin and crypto, which I think is wrong, but then again that is the norm these days and crypto traders base their daily action on news that is coming from writers who are told what to write, and its pure garbage and nonsense most of the time.
Yahoo finance it was Publications like that saying Bitcoin is thriving amidst Bank turmoil the more headlines people see like that the more it becomes the reason that new people start to nibble in or old people who had written the industry off come back. So in some
all that momentum going on like I said ball rolling down the hill what matters is the extent to which the narrative gives it momentum to keep going .I’m not ready to say that we’ve got
all that momentum going on like right now and its early in the week before even the next fomc meeting so I don’t know what happened to bitcoin’s price by the end of the week but I do think that the seeds of a new narrative are clearly forming and I think it’s unlikely to
stop anytime soon anyways guys, that’s the look from here and Im sure if more people lose money in the banks, you are going to hear the word bitcoin and crypto hot on the lips of those people who keep getting burned by a system of bankers only in it to help fund their lavish lifestyles and nefarious interests. The same as it ever was I guess. People one day might start opening their minds and finally start looking for something new. That is it for now, I appreciate you reading today, and hope this helps.
We even think we have found the next bitcoin, or the next up and coming coin that if you jump in now, it could change your life forever. Now I know you are thinking, here we go, this is another scam, no, we have members around the world quitting their jobs from our newsletter because you are not going to get our information anywhere else. That is something you can bank on.
Pick The right one, and At minimum you will kill it, and change your life and your families financial future. So I can see why in the future people are going to talk about this,and study this. But as we said, its early days, and we are giving our members lots of options! To put their best feet forward … > HERE! <
I mean, I can be wrong, but we are doing about 21 hours research per day with all this. So its fresh on my mind everyday as we watch the crypto market twist, turn, rocket up and come crashing back to earth. There are going to be lots of opportunities for lots of us in 2021.
Remember there are no promises with all of this. I can be wrong, but each time I sit back and
listen to our bots and predictive linguistics we have running each week, its always shocked me with its accuracy, I have to do that!.
I have shared a few things here with you today, to make you start thinking…. but I think this is one of the most important articles I have written, because if you actually start taking action on some of this information, it could literally change your life. The only thing is 95% of people are too lazy and just caught up in life and their dreary day to day jobs!!!
Each day I am blessed to think what I am doing for people in the crypto community. But realistically Im just trying to make them think more, and you as well. The possibility of this whole blockchain stuff is endless, and I bet there is some kid sitting in his room dreaming about it today, and learning about it and they do not know they will become the next Blockchain billionaire!
Its very powerful when you tap into this concept! So I will leave you with that here, to ponder on!!
There is power what you read in here….
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Before you go…..
Digital currencies, especially Bitcoin (BTC), is the next evolution of money. We have been talking about this many moons ago, that cryptocurrency is poised for mainstream adoption in the next two years, but we have been talking about that fact for the last 8 years, and its all starting to play out. It will disrupt many weak economies, including fiat currencies!
We are going to get more mainstream crypto adoption in or around 2022…so there is lots of time.
The arrival of digital money/currency will spur massive disruption of the world’s economy, “foreshadowed by the new shifting of planetary economical alignments.”
You might be reading this, and a skeptic, but money is a technology—and technology always disrupts, and once you get your head around this, many worlds open up for you.
No one really understands and is ready for what is coming, WITH TRUMP at the WHEEL….. An “American Revolution 2.0 will officially begin sometime in 2022.”
Biden is not the real president, and you will see the truth come out about the election fraud soon. Very soon friends. They have put in an actor to make you think he is the president, and people are starting to wake up. Blockchain is going to prove who really won the presidency, and that is WHO….TRUMP!??
If something has been nagging at you, and chewing at your mind since the lockdowns started, now you know. Now you can make the connections.
“covid” Scam, coughing, germs, paper money spread of germs, govt intervention, “LETS GO CASHLESS!”…….. ie. The boom of digital currencies.
Consider reading that last sentence again! It just made you smarter, and You now know what 99.99% Of the rest of the world does NOT know! Others are not catching on.
We have already peered into the looking glass for you, with blockchain and confirmed that this is all coming, and it feels like we are writing from the future, ahead of time, to help people open their eyes.
Crypto vs world’s economy
In the next two years, this is just the start, more growth and adoption is coming in the digital currency financial system. This includes the long-planned Chinese digital yuan, and other countries. Its not just all talk!!!!
Instead of reading last weeks news, you now know what is coming, how it affects you and what you can do about it. You can be 17 steps ahead of others, and take action, and even make a few shekels form this new found knowledge of yours!!!
As the old economic guard wrestles with the unstoppable crypto-upstarts, social protest and unrest will likely erupt among fragile economies, and now you know!!!!
We have many new students with us learning more and more each day. My clients are from all walks of life and all sorts of backgrounds.
As we said, INFORMATION is power, with great power comes great life changing experiences.
Be 17 steps ahead of others, and REAP HUGE REWARDS!
Have a great day.
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