I guess I don't know enough about the dynamics of how those dollars would be used to give an opinion on this. One thought I DID have in reading the article is that is seems to me there is a very strong case that bitcoin needs to go into the hundreds of thousands of dollars to ultimately protect it from any one entity trying to dominate it. I mean, it would take a trillion dollars to buy 10% of bitcoin at $500,000. Right now one trillion could buy it all. Obviously the price would rise drastically if that kind of money came in but...it seems to me it would be much less vulnerable 10x from here.
Without a doubt. Resiliency comes from a higher market cap. It also comes from more people having BTC in their portfolios. Even if it is just a small piece, that spreads the holding out.
The long tail is vital. Those who have between a half and 1 BTC can really provide stability since, if truly hodling, they can reduce the amount that is liquid.
Those hodlers have to be individuals. That is what makes it stronger.
Well being behind China definitely isn't a good thing for the US. I think his worries are geared more towards people finding out about the liquidity crisis and a digital dollar would help alleviate this.
Yeah the race is on. China has some demographic problems that people are overlooking. I dont buy they can be a true leader over the next couple decades as their populations starts to reverse course.
I only see more issues happening but it might be a while before they decline. Especially when most of the world leaders do everything they can to appease them. Though the recent outcries does surprise me but I want to see actions behind their words.
The challenge for China is as much as they hate it, they are dependent upon other countries. They are still a major exporter which ties them to other countries especially the US.
That is why the destruction of the US economy was so asinine. If we kill that, then China really doesnt need us.
I guess I don't know enough about the dynamics of how those dollars would be used to give an opinion on this. One thought I DID have in reading the article is that is seems to me there is a very strong case that bitcoin needs to go into the hundreds of thousands of dollars to ultimately protect it from any one entity trying to dominate it. I mean, it would take a trillion dollars to buy 10% of bitcoin at $500,000. Right now one trillion could buy it all. Obviously the price would rise drastically if that kind of money came in but...it seems to me it would be much less vulnerable 10x from here.
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Without a doubt. Resiliency comes from a higher market cap. It also comes from more people having BTC in their portfolios. Even if it is just a small piece, that spreads the holding out.
The long tail is vital. Those who have between a half and 1 BTC can really provide stability since, if truly hodling, they can reduce the amount that is liquid.
Those hodlers have to be individuals. That is what makes it stronger.
Posted Using LeoFinance Beta
Well being behind China definitely isn't a good thing for the US. I think his worries are geared more towards people finding out about the liquidity crisis and a digital dollar would help alleviate this.
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Yeah the race is on. China has some demographic problems that people are overlooking. I dont buy they can be a true leader over the next couple decades as their populations starts to reverse course.
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I only see more issues happening but it might be a while before they decline. Especially when most of the world leaders do everything they can to appease them. Though the recent outcries does surprise me but I want to see actions behind their words.
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The challenge for China is as much as they hate it, they are dependent upon other countries. They are still a major exporter which ties them to other countries especially the US.
That is why the destruction of the US economy was so asinine. If we kill that, then China really doesnt need us.
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Yes and the US isn't doing so well because we are a major importer. When we import, we are importing the deflation from other nations.
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We are.
Can you imagine what the crap at Walmart would cost if it was produced here?
Or a computer? or copy machine?
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Yea the cheapest products tend to be those created in other nations. Well besides food because of the low cost and date of expiry.
I think I heard that some of the smugglers were no longer illegally moving in drugs and moved to avocados since its price is so high.
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