/biz/ - Business & Finance

>>23412642
>https://digitalik.net/btc/
180-200k

>>23412642
$70k marketcap for Bitcoin is definitely coming, but dont kid yourself, it will still go up this year.
The crash might come maybe in 1-2 years from now.

>>23412642
>Will the next big sell-off be around 70k?

180k to 420k hard to know

btw whoever made that meme knew his shit those 4 cryptos besides bitcoins are the top tier ones with unique characteristics that makes them the best after btc

>>23412741
The ultimate redpill is that there will not be a crash since the peak will coincide thanks to corona to a synchronized return of the global velocity of money and inflation at a time bitcoin has lower inflation than fiat.

Not only that but it's in the interest of central bankers in the world for inflation to return so people buying crypto means more fiat in circulation which is good for them , hell even if it goes really crazy is good since it would allow them to normalize interest rates.

Not only that but private bank and fintech companies like jp morgan or paypal are now no longer anti crypto since CBDC would bypass commercial banking so bitcoin succeeding delays CDBCs.
And for the fed that has 60% of it's fiat outside the usa CDBCs are impossible and bitcoin succeeding prevents china & the eu from rushing on this area.

Honestly it seems like destiny everything aligned for bitcoin to pump.

>>23412833
thanks, just bought 100k.

>>23412833
BTC as a hedge against interest rate correction. As I live and breathe...

>>23412833
>now no longer anti crypto since CBDC would bypass
you are confirmed >130iq arent you?
its a funny bit of game theory we find ourselves in...the feds only solution in order to stop deflationary collapse is to bypass commercial banks to provide cdbc's directly to citizen accounts and manually induce inflation.
the fallout of this is banks have no reason to hoard reserves nor incentive for dealing with usd, thus they will return to their roots and become "money warehouses" and charge custody fees.
btc will be 10m by 2032

>>23414370
It's more hillarious that that, they want to turn the banks into the kyc representatives of the CBDCs , but the commerical banks have all their interests in CBDCs failing because their success would represent the end of commercial banking.

>>23414370
>the feds only solution in order to stop deflationary collapse is to bypass commercial banks to provide cdbc's directly to citizen accounts and manually induce inflation.

It's even more hillarious , the fed which is the central bank having deflationary pressures can't go into CBDCs due to 65% of it's fiat currency being used in CASH outside burgerland.

Adopting CBDCs would create a legal option for politicians like the democrats to abolish cash and abolishing cash would destroy the usd since the fed is the only central bank with most of it's currency being used outside their nation and outside their control.

So it's now in the usa interest to pump "free" cryptos like bitcoin , litecoin, ethereum and hell maybe even monero to the moon.

Since the fear of capital flight to free cryptos and to the usd is enough to delay an european or chinese CBDC for years.
So CBDCs are a threat to the usa national staiblity because the usa can't use them and if they tried an hybrid system they create a legal pathway to destroy the usd with one fucking law against cash demonetization.

And on top of that you have fintech and commercial banks adopting free cryptos to scare the usa of even trying that hybrid system since CBDCs would bypass alll banking and turn them into exchanges lol.

Worse exchanges that can only do KYC but not much else since they would be superregulated cucked exchanges.

>>23412833
I think you nailed it.

>>23415189
>>23412833
>And for the fed that has 60% of it's fiat outside the usa CDBCs are impossible
>the fed which is the central bank having deflationary pressures can't go into CBDCs due to 65% of it's fiat currency being used in CASH outside burgerland
Why's this impossible? Can't they just exchange any cash 1:1 with CDBC and only issue CDBC from now on? As long as the mechanism of control are kept in place nothing would change with a CDBC.

>>23415536
>Why's this impossible? Can't they just exchange any cash 1:1 with CDBC and only issue CDBC from now on? As long as the mechanism of control are kept in place nothing would change with a CDBC.

Most of the usd outside the usa is in nations with capital controls not to mention that due to tax fuckery each nation could tax that "regularization".

Only way that could be done is by forcing people to go to embassies to do the exchange, lmao imagine millions of people with bags of usd going to american embassies to exchange fiat to cbdcs.

Not gonna happen, it would result in usd hyperinflation as people in panic dump their undeclared usds or due to fear in general in the market to buy crypto, gold or real estate.

And to do it by institutions means each local institution would be taxed by nations trying to leech this conversion.

Imagine brasil or argentina putting a tax on people converting fiat usd to fedcoin in banks, no one would do that shit they would dump them to buy crypto or gold.

The fed is the only central bank with this problem(and superpower), it's a problem because they have constant deflationary pressurs due to external usd demand and it's a benefit because they can print money without inflation in emergencies like march.

But this means the fed can't go to the CBDCs path while china & the eu can.

>>23415689
*ring ring*

All these random numbers thrown around with no logic, can't wait till you crash 4k again and rope with your YouTube degree.

>>23415689
>Only way that could be done is by forcing people to go to embassies to do the exchange, lmao imagine millions of people with bags of usd going to american embassies to exchange fiat to cbdcs.
Surely there's existing banks that deal with USD in these countries. The US could always threaten to cut them off if they don't treat CDBC the same as USD. If the nation gets greedy and tries to tax the 1:1 exchange, then they lose shit tons of money.
>Not gonna happen, it would result in usd hyperinflation as people in panic dump their undeclared usds or due to fear in general in the market to buy crypto, gold or real estate.
You really think people would panic dump their cash if the US offered a CDBC that's the same value as cash? Really?

>>23415940
>All these random numbers thrown around with no logic
I said 70k because then it will be higher than Apple in marketcap valuation, that's a psychological barrier
pay attention retard

>>23414234
Indeed what a time to be alive...

I wonder if Satoshi knew.

>>23412642
Yeah, it's all fun and games unless you are stuck changing grandpa's shitbag

>>23415990
>Surely there's existing banks that deal with USD in these countries. The US could always threaten to cut them off if they don't treat CDBC the same as USD.

Most nations already don't allow usd to be used in digital form for individuals, only for companies.

>The US could always threaten to cut them off

The more reason why they would not allow them as CBDCs would even allow them to cut individual politicians by targeted sanctions.

>You really think people would panic dump their cash if the US offered a CDBC that's the same value as cash? Really?

100% , the conversion is impossible to do and lot's of phyisical cash is in dirty money.

Imagine this you are a boomer 300k usd cash you earned in the 1990-2010s working, but due to inflation and wealth taxes you would be taxed to death nowdays for that ammount.
So it's undeclared.

Jerome smoked the wrong thing one morning and you turn tv to learn the usa is abolishing cash and replacing it for fedcoin.

You are in brasil and outside the usa financial system?
How the hell are you going to do the conversion?
Jerome after smoking another thing tells it's going to be done on institutions already work with swift aka banks.

Banks report to the brasilian government , yet your 300k retirement earned 20 years working would be taxed to death in 2020 tax rates.

You have 3 options:
1_You trust Jerome institutions and exchange those 300k usd for 300k fedcoin and then your communist politician pass a tax on retards doing conversion to fedcoin and you lost 150k because that swift institution reported to your government

2_You dump those 300k to buy real estate, gold & crypto.

3_You wait and risk becoming a bagholder of paper that won't be worthy to clean your ass

Desu 2 seems to be the best option , i can understand how for someone in the usa 1 is easy , but when you realize that 65% of usd is outside the usa in nations that would tax you to death option 1 would be suicidal.

Around 0 when the tether scam gets exposed. Enjoy your last days of hopium

>>23416053

No one is buying past 20k

>>23416053
>I said 70k because then it will be higher than Apple in marketcap valuation, that's a psychological barrier

More than 70k, 4.5M coins are innactive since 2014.

Also here you can check the marketcap

https://assetdash.com/

We can literally pass paypal marketcap in the coming days.

>>23416251

>>23416106
of course, that was the point
decentralization is the only thing that can beat (((the banks)))

>>23412753
Agreed.

>>23416208
>Most nations already don't allow usd to be used in digital form for individuals, only for companies.
And fedcoin can serve the same purpose as USD in those nations.
>The more reason why they would not allow them as CBDCs would even allow them to cut individual politicians by targeted sanctions.
I guess, but if that's really your nations concern then its heads of state are already owned by the US.
>learn the usa is abolishing cash and replacing it for fedcoin
Obviously any solution wouldn't announce they're abolishing cash and they wouldn't say they're replacing it. Of course that would lead to panic.
If it happens, they will still offer cash at the same time as fedcoin.

I imagine after that they will slowly start offering more and more services on the digital coin, until more and more people are using it. Eventually it'll be so ubiquitous almost nobody will be using cash and only then they will phase out cash.

>>23416493
>And fedcoin can serve the same purpose as USD in those nations.

No it can't politicians won't allow it, this is why most usa cash is outside the usa.

Also the retards designing CBDCs want to copy the old system into a new one , they event want to have a system where international payments need authorization from the two nations before they are accepted just look the imf last video on digital payments.
They are retarded boomers that don't understand the technological revolution bitcoin unleashed.

>I guess, but if that's really your nations concern then its heads of state are already owned by the US.

The usa can't get banana republic communists from seizing all it's companies like in venezuela , stop thinking this is the cold war, we are entering a new cold war yes, and this cbdcs & cryptocurrency will have a great part on it because it opens a gate to dethrone the usd by other nations.

>If it happens, they will still offer cash at the same time as fedcoin.

Defrauding the previous bagholders won't really create much trust in the previous system.
Also this thing about doing it in a fabian way slowly that you mention is what laggarde shilled when she was the head of the imf.

And she started to do it in the european union by demonetizing the 500 eur bill, they think people are retarded but this is why the usd has extreme demand , people are escaping currencies like the euro to the usd CASH.

They don't trust the system , if the eu demonetizes they move to the usd , if the usd demonetizes to gold , if they put capital controls on gold to bitcoin , if they ban bitcoin to monero.

The entropy of the system will keep increasing they can't fight this , they need to reform their shit system or it will collapse on itself , reducing freedoms to increase taxation non stop to finance gibsmedats to pump an economy that is already stagnated due to overtaxation won't work anymore.

>>23416493
>>23416671
People are fed up in the usa there is massive capital flight from democratic states to republican states.
In every welfare state in europe & latin america people are liquidating assets and preparing to move to other less regulated states like europe or poland.

Meanwhile places like France, Argentina or Italy are collapsing.
I don't think you or people understand the magnitude of what's going on , it's literally the collapse of keynsianism & welfare states , some nations like Italy or Argentina returned to 1999 gdp levels

And since shitholes welfare states were already growing at 1% per year in "GOOD" years they won't recover at all.

We are on the endgame now, this is why in my view there is a sudden good attitude against crypto in the usa.
For burgers the status quo is good enough , but not good if china creates a crypto and bypasses swift.
The existence of free cryptos is the best of both worlds for burgerland.

It allows the usa to keep the petrodollar dominance ,while preventing anyone else from putting a cbdc since they can't compete against the freedom free cryptos control.

That said they regulate it even more than dictatorships , people have went to jail in burgerland for trading on localbitcoins lmao.

They want it to be regulated but thrive to prevent what i mention of cbdc.

>>23416671
>Defrauding the previous bagholders won't really create much trust in the previous system.

in the NEW system

>>23416770
>less regulated states like europe or poland.

like Paraguay or Poland

Sorry i am really asleep now