Therefore, buying bitcoins and thus driving the price up, the Italian banks get valuable assets to their balance sheets.
Mathecat, what is the idiocy here?
Mathecat, what is the idiocy here?
a) No smart money pumps anything, unless they already got in big time at the bottom. There is a reason why big money doesn't pump already inflated assets, namely, those who did get in at the bottom start cashing out on their asses all the way up, leaving the pumpers relying upon 'greater fools' to maintain the price.
b) Bitcoin is not gold. All the gold on the Earth will still be here until the day the Sun goes supernova. If Bitcoin had either imploded, or were to become practically worthless within the next 5 years, it really would not surprise me.
But the real idiocy is the complete 'delusion of grandeur' of what Bitcoin is. You are just dreaming man, can't you see that? Don't let your fantasies start to influence your world outlook..........which leads me to:
c) if some endangered Italian bank started piling into Bitcoin, Bitcoin may spike, but the stock and bonds of the bank would plummet into the shitter, and the whole operation would be declared insolvent overnight.
a.k.a aint gonna fkn happen...get real.
