So the ECB were right - a Trump win would see BTC hit 90k (from 70k). Presuming they were also right that a Trump loss would sink it to 30k, bitcoin folk were sitting through a bet which, as it turns out, has had a similar though slightly less pay-out of 1 to 2 compared to a straight bet with the bookies.This was accepted wisdom for all as the below quote from a ECB expert which I reproduced in post #20 is evidence. As it happens it has gone up 5k which is a return of around 1/6 against potential losses if He had lost. There were much simpler and far better value ways to bet on a Trump win. I'd say there are a lot of folk kicking themselves that they could have made much more by betting a Trump win on Betfair.
According to Bobby bitcoin is currently only at 1% of its potential price. Fill your boots.Bobby Kennedy jnr said:“I intend as President of the United States to sign an Executive Order on day 1… to transfer approximately 200,000 Bitcoin held by the US Government to the US Treasury where it will be held as a strategic asset. …. On day one as President, I will sign another Executive Order directing the US Treasury to purchase 550 Bitcoin daily until the US has a reserve of at least four million Bitcoin. … our nation holds approximately 19% of global gold reserves; this policy will give us around the same proportion of total Bitcoin. The cascading impact of these actions will eventually move Bitcoin to a valuation of hundreds of trillion of dollars. On day one as President, I will sign also an Executive Order directing the IRS to issue public guidance that all transactions between BTC and the USD are unreportable transactions, and by extension untaxable. … Bitcoin is a technology for freedom, for optimism, for independence, for democracy, for transparency, it is the currency of hope, it is the perfect currency.”
And if you have any money left over, invest in the makers of Ivermectin?According to Bobby bitcoin is currently only at 1% of its potential price. Pile in.
I think this is an astute point and shows the gamble nature of btc. It is what it is. Speculation, a gamble and at worse a ponzi. I do not see any evidence to the contrary..and gladly i have some btc! As time goes on its becoming clearer to me that its silly.So the ECB were right - a Trump win would see BTC hit 90k (from 70k). Presuming they were also right that a Trump loss would sink it to 30k, bitcoin folk were sitting through a bet which, as it turns out, has had a similar though slightly less pay-out of 1 to 2 compared to a straight bet with the bookies.
Such gaslighting if off the charts.Indeed...
Digital euro needed to ensure private actors don’t control future of money, Central Bank Governor warns
Publicly controlled financial systems risk falling behind private sector innovations creating a danger to not just the financial system but even monetary sovereignty – the control of money by the political system, the Governor of the Central Bank has warned.m.independent.ie
Absolutely. Proof, if proof were needed, is that China has banned it but more importantly the greatest democracy on planet earth has just voted to ensure that the US becomes the Bitcoin capital of the World as I have earlier illustrated with the MAGA endorsements of Trump/Musk, Bobby Kennedy et alBitcoin IS democracy in action.
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