Topic: BitCoin: Too Big to Fail? or Too Big to Jail? - FED Goes Full Retard or Ponzi? - page 2. (Read 244 times)

https://www.inbitcoinwetrust.net/is-bitcoin-btc-now-too-big-to-fail-fcefcdd7b894

With a market cap of over $1.1 trillion, Bitcoin now weighs more than the combined market cap of the four largest U.S. banks:

    JPMorgan — $461B
    Bank of America — $334B
    Wells Fargo — $174B
    Morgan Stanley — $151B

Bitcoin also exceeds the combined market cap of payment giants Visa ($483B) and Mastercard ($383B).


Fascinating, BTC maybe slower and more expensive than Visa to do a transactions, but its more valuable than largest company on earth that processes credit-card transactions.

Finally, Bitcoin has surpassed the market cap of all publicly traded companies except the MAGA (Microsoft, Apple, Google, Amazon) and Saudi Aramco.

In short, Bitcoin is a giant among midgets.

...

So there you have it, Bitcoin is now bigger than Banking combined, and bigger than any stock market scam. Today all the banks & companys are joining the BTC bandwagon.

What could go wrong?


Bitcoin does not need governments and central banks to survive


Well sure it doesn't it doesn't until it does, then the FED steps in to bail out all the pension & 401k that got lost. Just like always, the FED doesn't allow capitalism to work, it perpetuates crony capitalism, where MUSK is kept alive, and say an unlucky business is destroyed because it doesn't belong to the inner circle 'club'.


It's here now, like it or not. With the COVID infusion of cash, and stimmy-checks, BTC has gone to the moon wrt to the USA economy. It's now a major part, and if BTC took say a 90% decline today, like 2017, it would wipe much of the USA economy.

Because BTC soaks up all the FIAT on earth, it could not only go to $100T, it could go to $1 Quad-rillion;

Somebody at some point must step back and say? Is it rational to have the worlds wealth tied up into an 'unknown' ponzi? Nobody asks that question, because all aboard to get on the Musk Train to infinity.

We are out far on a tenuous branch these days, in an area on unknown.

In America, everybody loves a winner, everybody despises a loser.

All politicians are onboard, in their biz, money is the blood of politics, and Bitcoin now has all the money.

The emperor has no clothes, indeed but who is going to step forward and condemn a winner? Nobody.

In spite of all this, this huge capitalization of BITCOIN, the enormous amount of money that people have re-directed out of productivity into virtuality.

Much of this is the old story,

1.) first they sent all our jobs to China
2.) then they had us do all our shopping from Walmart, where everything was made in China
3.) then they told us to put all our money in Chinese Banks (BITMAIN/ANT/ANTPOOL) and HODL

( critical here to remember, China mines all the BTC, miners decide which transactions go on the block-chain; a flip of the switch on software and china could turn off all exits for the west, only leaving the east with the ability to 'exit', this alone, and this alone and why its not even discussed as national emergency situation is telling; that COVID & the RESET  are all part of this engineered take-down of the USA economy )
What happens next?