The traditional banking system is about to end and there is no doubt about it. One after the other the banks are daying on their own doing. The failure of the banking system can arise a new Chaios in the financial market and it's happening from the start of 2023. The recent incidents attracted many analysts to propose a new solution to the financial crisis and their ending solution for each problem is Bitcoin I think this can help us in many ways. Finally, with Bitcoin the worst-interest banking system will come to end, USD was considered the universal currency which is the root of all the problems currently we are facing. Let's learn first the basic point of how BTC is the best solution.
How Bitcoin is the Best solution
- First, the replacement of the USD when any country will propose its own currency can start a big conflict between major nations and the consequences of that battle are not going to be good. Bitcoin is a totally decentralized asset under nobody's control so it can prevent the above crisis.
- We have already seen how USD destroyed the Small nation's economies as their first mistake was using the USD as their reserves now US government recently announced printing $2T again and for a long time US government is printing money for no reason blindly and they are ignoring the future consequences for the solution of current problems. Bitcoin BTC has a fixed and limited supply so it can prevent the devaluation of the assets.
Considering just these two basic points we can say that it's the golden time for the Bticin to shine in this Bull run and become a true store of value and global currency. Bitcoin can rise upto the $1M valuation in 3 Months this is the theory presented by the BalaJii and I think it's not that easy but still it's possible till the end of this Bull Run with huge developments at least BTC can set it as a base goal for next Halving.
But How
BalaJii .. this guy has explained many points but in my view, for the coming days, Bull run his theory somehow justifies some base points. such as;
- Bitcoin market was under pressure for a long time due to CPI and Intrest reports even the whole stock market was under pressure due to the last few moth economic developments. But now if the US government stops increasing interest rates in the next months the risk investment markets especially Bitcoin will attract investors for future opportunities.
- As US government decided to print $2T and also update it on the Balance sheet which is indicating Quantitative easing in the coming month where a major part of this easing will be going to be part of the Crypto market and China has already announced Hong Kong official Trading Hub for the crypto market from the month of June
- banks Actually lost the confidence of the customers/users as after a few months back developments I am not sure that my saving is safe in banks and even its continuously devaluating so I will definitely prefer the alternatives and Crypto is the best option is not just a thing to say in reality now people are clear where they need to store their assets
Concluding the reports, analysis, and current economic situation I think now Bitcoin value dream of a trader to $1M has became a living reality its not far from us but still, there is time, but I am not sure how much. Balaji Thread is good but his timestamp seems weird as I don't think in just 90 days these developments are possible.
Note: This topic idea is after reading the twitter Thread and all the points discussed are based on my personal views so i might be wrong.
I saw that tweet, have to say that is a wild time frame as well. Apparently he has been correct on a lot of things, only time will tell....