Bitcoin Fair Value Issue #7

The problem with most people is that they have been trained to look at Bitcoin as an investment instead of money.

Do you ever think about your dollars in the bank as an “investment” that is an IOU debt backed by 10 cents (best case scenario) for every dollar?

Or do you think “that money in the bank is safe, it is what I cannot risk or afford to lose.”

The public school curriculum never taught us about money, even less about finances and taxes; they just told us all to trust the bankers and politicians!

Yes, trust the very same bankers and politicians that in 2008 said, bail us out for the bad loans we made with your money or the whole system will implode and you will lose everything.

You see, the dollar is an investment. It is a note, a claim on debt. It is controlled by men and its existence is based on the decisions of men.

Like every other fiat and world reserve currency before it, the Dollar will one day be a worthless investment.

With the USA printing over 40% of all US Dollars ever in existence since 2020, we can expect the end is going to be sooner rather than later.

MONEY NEVER GOES AWAY.

Fiat currency replaced Gold, yet Gold is still here and valuable.

Fiat currency replaced Silver, yet Silver is still here and valuable.

I keep a $20 Trillion Zimbabwe investment note (dollar) on my desk, helps me not check the portfolio so much because heck I am already a trillionaire! LOL

It is really completely worthless! Actually, now its worth more on ebay as memorabilia than it was while in circulation. No one accepts it anymore.

My point is that fiat currencies die.

MONEY NEVER DIES.

Gold and Silver are money.

Bitcoin is money.

Protect your wealth in money, not investments.

The move, following hawkish comments from some policymakers, send the pound sliding by almost two cents tonight below $1.35. It also triggered a rally in government bonds.

Stocks also jumped, on relief that higher borrowing costs wouldn’t hurt the recovery after just 2 of the 9 rate-setters voted to hike rates from 0.1% to 0.25%.

It said interest rate increases will probably be needed in the ‘coming months’ to bring inflation to target - but wouldn’t be more precise.

Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.

Escalating inflation could cause the Fed to tighten policy more quickly than it has signaled. The central bank has indicated that it will within the next few weeks start reducing the amount of bonds it buys each month, though officials have indicated that interest rate hikes are still off in the future.

Treasury Secretary Janet Yellen repeated her view that elevated U.S. inflation won’t persist beyond next year and said the Federal Reserve will act if needed to prevent a rerun of 1970s-style price rises.

Yellen, who was chair of the Fed from 2014 to 2018, said the high inflation that persisted through parts of the 1970s and 1980s occurred:

WASHINGTON—The House passed a roughly $1 trillion public-works bill, sending to President Biden’s desk a generational investment in roads, bridges and rail that had languished for several months as Democrats feuded over the terms of its approval.

Negotiated and approved by a bipartisan group of senators this summer, the bill reauthorizes existing federal infrastructure programs for five years and pours an additional $550 billion into water projects, expanding access to broadband internet and overhauling the electrical grid, among many other measures.

Some 140 million people had opened “wallets” for China’s new digital yuan as of October and used it for transactions totaling around 62 billion yuan ($9.7 billion), a senior Chinese central bank official said on Wednesday.

However, Mu Changchun, the director-general of the digital currency institute of the People’s Bank of China, told Hong Kong’s “Fintech Week” conference there was no official launch date for the digital currency, also known as the e-CNY.

The Bank of France called for further research on a central bank digital currency for wholesale use in the financial sector after finding efficiency advantages for markets and payments.

The Bank of England has said commercial bank deposits could fall by a fifth if plans for a digital pound are implemented.

The BoE is one of several central banks exploring a CBDC. China has accelerated its digital yuan project to launch in time for the 2022 Beijing Winter Olympics, while the Bahamas and Nigeria have launched their ‘sand dollar’ and eNaira respectively.

WASHINGTON — Today, the President’s Working Group on Financial Markets (PWG), joined by the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), released a report on stablecoins. 

Stablecoins are a type of digital asset generally designed to maintain a stable value relative to the U.S. dollar. While today stablecoins are primarily used to facilitate trading of other digital assets, stablecoins could be more widely used in the future as a means of payment by households and businesses.

According to Sir Jon Cunliffe, the deputy governor for financial stability at the Bank of England (BoE), crypto may pose an imminent threat to the traditional financial system.

During a Monday interview with the BBC’s Today program, Cunliffe arguedthat the rapid growth of digital assets and their integration with traditional financial services could soon pose systemic risks.

What I find interesting is that there are some people in the world that, even if you show scientific fact and evidence, will never change their mind or be willing to learn…

You have to make the choice the wake up, no one can make that choice for you.

The CEO, President, Board of Directors, and Board of Advisors of this investment operate the only way worse than the way of “not knowing what you are doing”…they operate in a way that “they are always right, they never change their mind and they are not willing to learn.”

Instead of learning and reacting to the data, these people maintain they are correct and all will be well. Janet Yellen says inflation will go back down to the “normal” 2%. These will never change their mind and they are not willing to learn.

Here is the data these people are ignoring:

These people are not leaders, and they are definitely not the type of people you want to be invested in.

So remember, the dollar is an investment. It is a note, a claim on debt. It is controlled by men and its existence is based on the decisions of men.

Like every other fiat and world reserve currency before it, the Dollar will one day be a worthless investment.

These hard-headed and close-minded people are simply accelerating the process by ignoring the data that shows the economic incentives to shift from the traditional economy to the internet economy.

Senate Finance Committee Chairman Ron Wyden (OR-D) and Senator Cynthia Lummis (WY-R) have plans to introduce a new bill today that would reverse some of the cryptocurrency provisions in the recently-passed bipartisan infrastructure package.

The Australian Securities And Investments Commission (ASIC) has given early approval to fund managers seeking to launch Bitcoin spot exchange traded funds (ETFs), according to Business Insider.

Wall Street leaders turned up their noses when Bitcoin exploded onto the scene more than a decade ago. Now they’re paying sweet premiums to crypto recruits, amassing an army of enthusiasts within the traditionally staid realm.

Commonwealth Bank will allow its customers to hold and use bitcoin and other cryptocurrencies via its 6.5 million-user banking app in a bid to appeal to young customers and keep pace with rivals such as Square and PayPal, which already allow users to trade and spend bitcoin.

The move will make CBA the first Australian bank – and one of just a handful of banks worldwide – to offer customers access to cryptocurrencies, which are created digitally with no physical form and are challenging traditional banking systems and fiat money.

Mayor-elect Eric Adams says he wants to make New York City “crypto-friendly,” and he’s taking note of the recent success of Miami’s CityCoins project.

Crypto exchange Coinbase said Tuesday it’s working with PNC Bank, the fifth-largest commercial bank in the U.S. by assets, on a crypto project.

PNC is the latest mainstream megabank to dip its toe into digital assets, and perhaps the largest to do so with Coinbase. 

The City of Miami will soon give out a “bitcoin yield” from the staking of its cryptocurrency (STX) to its citizens, Miami Mayor Francis Suarez announced on CoinDesk TV Thursday morning.

The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total annual tax revenue of $400 million.

It means that Bitcoin and crypto regulation and adoption is moving at its fastest pace since creation!

Please buckle your seatbelts and prepare for a volatile launch! 2022 is going to be a huge year for crypto adoption and valuation.

Position your wealth properly in money to enjoy the ride!

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