by the Organization of the Petroleum Exporting Countries to reduce daily oil output makes a recession more likely, as well as interest rate hikes from the Federal Reserve to clamp down on inflation.
"We had our morning call this morning and our economist Anna Wong said, Yeah, their base case is for that recession to kick in Q3," he said. "OPEC is helping that. Fed tightening is helping that. So all assets have to go down. That means Bitcoin too. It's the fastest horse in the race. So I'm overall, certainly relatively bullish."In McGlone's opinion, it's"seriously silly" to risk not having some exposure to crypto or trying to stand in its way.
"The key thing I look at simplistically for Bitcoin is, if you're a money manager, why take the risk of not having some of this revolutionary asset, particularly because it's so controversial you want to have at least some in it because you don't want to look like an idiot over history,” he said. "The smart guys get it; we're not gonna be a Blockbuster or Sears, and we're going to be part of this technology."
in danger, yes .. in danger of extinction, no
Kinda like the picture your holding up.
Do these regulators know that 80% of Bitcoin is held outside the USA and that 95% of the world's population aren't actually American and therefore dont give a shit what they think? Perhaps they could climb out their own asses and grab a bit of humility?
Despite ongoing crackdowns in the US crypto sector, Bloomberg senior commodity strategist, mikemcglone11, remains bullish on Bitcoin. He argues that those without any exposure to crypto are 'seriously silly' and risk missing out on a revolutionary asset.
This is why I teach my students to get their $BTC off exchanges and trade P2P. Bitcoin is: - Trustless (so no central authority can govern it) - Decentralized (no central authority can regulate it) - Distributed (no central authority can lay claim to it).
Regulators don't NEED to touch buttcoin. They only have to wait for 3 more people to try to use $BTC every second. 🤣
🤡
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But all the exchanges are touchable 😁 So without exchanges btc is nothing. If some of the big countries start to block btc, there will no meaning about untouchable . For now just they let us play little bit.
Nothing's 'untouchable' it might be impossible to stop people holding btc but it's very possible to stop them converting it to fiat. Just another maxi myth...
It's not so no worries, just wait until a.i. starts using bitcoin
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