Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1035. (Read 26710737 times)

Just because it is a shitcoin does not mean it has absolutely no use. You can leverage Bitcoin to short shitcoins and make more Bitcoin . When exiting your position you can figuratively feel the frustration and confusion of shitcoin investors who still have not realized that whenever Bitcoin goes down, shitcoins go down even harder. And shitcoins always go down except during bull markets when they get to ride daddy Bitcoin's coat tails. And if the shitcoiner gets lucky, they own whichever shitcoin is getting pumped on that day(Which totally is not just the devs trying to make their shitcoin look popular, I mean, who would do that? ).

Whatever dumbassery there is in the legacy media, at least it is very clear that they are still talking about Bitcoin.

Certainly not Ethereum, not Vitalik walking zombie deep eye socket man, not BNB, not Solana and not bearded ape asswiped NFTs.

Other "cryptos" are not even worth mentioning here as they are bound to fall off the radar in a few years whichever position they currently enjoy on coinmarketcap.

Most never even regained their previous highs whilst we have seen BTC's new ATHs. At what point is it not clear to people that they are shitcoins?

I've been thinking a lot about these ETFs and running the possible scenarios through my head.

I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.

What might this look like?

There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.

George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.

The attack vector here will come from all angles, this is what makes my probability so high:

- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.

- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.

- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.

- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.

- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.

- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.

There is no real precedence for any of this.

We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.

If you see what I see, there are not any words in the English language to describe how big of a deal this is.

We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.

Where we are going, there will be no ask.

If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.

It seems to me that there is blood in the water here.

The sharks are coming...

They can see the kill.

They want a feast.

And they fucking deserve it.