I've been paying moderately close attention to the debate here in the US. On one side (the current in power side) is the fear that not spending enough will delay full employment into 2023 and hamper the 'long term' prospects (Remember that long term is a 4 year Presidential cycle). The other fear is rampant inflation (which would make the huge gains worth slightly less in the course of history).
But there is a wild card today. Elon (Tesla) bought $USD 1.5 billion in BTC to be ready to be able to take BTC as payment on automobiles. Price went to a new ATH on the announcement which means Tesla made 10% on their investment already. This might put the US Treasury into the position that they have to at least acknowledge BTC or they could loose tax income from it. It should be fun at the very least.
4 years all they have to make it through, 2 in the US as the campaigning starts halfway through the term, doesn't it?
I saw the Tesla announcement. Funny isn't it? The purchase was in January, people are FOMOing today on the new alone. The Micro Strategy buy of 400M and the 50M of Square were not enough to really drive the masses - hard to ignore Tesla.
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There is a big election cycle after 2 years. All of the House and 1/3 of the Senate are elected in 'mid term' elections. A big economic mistake now will leave a big mark in the mid terms.
What people aren't realizing right yet is that Elon just legitimized Bitcoin as a trade tool. You can buy a car from the worlds most valuable car maker using BTC. That's legit, as your brother would say!
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It is legit for sure, and I am really, really hoping that he or one of these new crypto bulls finds Hive and what it can offer all kinds of communities to bring them in gently to the world of crypto.
Did you see @marky.mark 's post about the "Bitcoin Edition" of Tesla? The Model 3 long range is less than the price of one btc right now. What we really want to see is 1 BTC for a model S plaid. About $125,000 :)
I just read an article about 'Tech Companies' like Apple and Tesla making cars as opposed to 'normal automakers'. I don't know how you can call Tesla anything BUT an automaker.
Another suggested Apple would build an exchange using Apple Pay. Their buying Crypto makes some sense because they are so loaded with cash. Liquid Fiat :)
Do the other automakers of the world HAVE to offer products for crypto since Tesla is? Bitcoin could conceivably be on the rise big time.
Tom, you have the hivetorch for 3 days! Please send it to someone ;)
PS. Do you know that you have the @hivetorch ? :)
As a matter of fact I didn't know. Or realize, more correctly.
It's moved on...
I thought so! :)