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Only place to hide is in Bitcoin US defaults on its debt …it will hit 500k if that happens

Only place to hide is in Bitcoin US defaults on its debt …it will hit 500k if that happens



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11 Comments

  1. The US unmistakably defaulted already in 1971. What happened after is just irrational markets (made so largely by govt propaganda and threats of violence) slowly catching up to reality.

  2. We can see Bitcoin isn’t 1:1 correlative with inflation concerns and devaluing of purchasing power.

    People keep saying it is, but the manipulation (from a tweet) AND seeing BTC tank with the stock market tells me it’s not some savior.

    I still hodl

  3. This article is so misleading, especially because the majority doesn’t understand how fiat currency works today.

    The US cannot literally default on its debt, because the debt is denominated in dollars, which it has a monopoly on, and can print.

    The Debt Ceiling was introduced in 1917, and is an anachronism of the Gold Standard. It’s redundant for a sovereign currency-issuing nation; an arbitrary, unnecessary limit, used as a political weapon by the opposition party (regardless of who holds office). The US is one of the few countries that has one, and the only country that follows one.

What do you think?

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