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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.

News Headlines...
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%.
But the decision to back away from raising rates has also attracted a storm of criticism over the Bank’s communications - with governor Andrew Bailey denying acting like an ‘unreliable boyfriend’ after talking about the need to act to keep inflation expectations in hand.
The Bank also signaled that the cost of living squeeze will intensify, with inflation seen at 5% by next April.
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.
The consumer price index surged 6.2% from a year ago in October, the most since December 1990.
Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991.
Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.
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.
“I’d expect price increases to level off, and we’ll go back to inflation that’s closer to the 2% that we consider normal” as the pandemic fades, Yellen said.
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:
“because people thought that policy makers wouldn’t bring it to an end, and inflation expectations became embedded in the American psyche.”
“That isn’t happening now and the Federal Reserve wouldn’t permit that to happen,” she said.
The Economist
The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming https://t.co/ggikkcZUvW https://t.co/P66isbuTgv
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.
Central banks around the world are looking at developing central bank digital currencies (CBDCs) to modernize their financial systems, ward off competition from cryptocurrencies like bitcoin and speed up domestic and international payments.
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 Bank of England said a reserve-backed digital currency could reduce commercial deposits by 20%.
Central bankers were meeting to discuss ‘Britcoin’, a potential name for the digital pound.
The bank’s governor Andrew Bailey also dismissed stablecoins as a potential alternative.
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.
Blockworks
Biden administration: Stablecoins could transform the way Americans pay for everything

- CNBC
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.
LilMoonLambo 🚀
Hillary Clinton hates #Bitcoin

I have never been more bullish in my life

https://t.co/JwAJXuqcWZ
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 DOES THIS MEAN FOR BITCOIN AND THE INTERNET ECONOMY?
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.
BFV brings you the truth and the headlines hammer home the point; THE DOLLAR IS AN INVESTMENT.
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.”
Dan Held
"These scam coins are getting crazy. Someone just shilled me:

- 27 Trillion supply
- No supply cap
- 1 node
- 25% of supply minted in the last 6 months
- 1% of holders own 30%

Nvm. That’s the US dollar"

- h/t @joinryze
Dan Held is onto something here; if this were a crypto project I would not touch it with a 100ft pole!
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:
Arcane Research
Stablecoin lending yields more than twice as much as US junk bonds and almost 150 times as much as the average US savings account.

No wonder why the cryptocurrency lending industry is growing at such a staggering rate.

From our weekly market report: https://t.co/tj905wIDuo https://t.co/ScDzIAFdVj
The European Central Bank (ECB) has listed the crypto market among other “pockets of exuberance” that it says could exacerbate possible financial market downturns if economic recovery plans fail to live up to expectations.
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.
Make sure you store your wealth in money like Bitcoin, instead of an investment like the Federal Reserve Note.
More News Headlines...
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.
 Banks and financial firms added 1,000 crypto roles since 2018
 Pay bumps are on offer as firms warm up to digital assets
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.
“In recent months, we have formed partnerships with industry leaders including [Tesla CEO] Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC and WisdomTree Investments,” a letter from Coinbase to its shareholders read. 
PNC is the latest mainstream megabank to dip its toe into digital assets, and perhaps the largest to do so with Coinbase. 
 Cryptocurrency gains will be subject to 27.5% tax from March
 Austria says tax may help build legitimacy in crypto investing
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.
“We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents,” Suarez said.
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.
WHAT DOES THIS MEAN FOR BITCOIN AND THE INTERNET ECONOMY?
It means that Bitcoin and crypto regulation and adoption is moving at its fastest pace since creation!
Lawmakers are forced to talk about, politicians are forced to take a position on it, and economists are forced to try to explain it.
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!
That is all for BFV Newsletter - Issue #7
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