Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
not to worry that will all change as BTC keeps falling and falling.
take a look at what is happening in el salvador.
https://www.bloomberg.com/news/articles/2022-05-10/el-salvador-s-bitcoin-losses-swell-to-28-as-bukele-buys-more
likely will soon default as mounting losses will destroy an already impoverished country
poorinvester, blockchain is here to stay i agree but bitcoin is a speculative asset fueled by central banks easy money. but yes blockchain is a great innovation to be used as a ledger but its not a medium of exchange, ie is not money
argo, i have been busy organising a mining conference in switzerland. and i have a decent amount of friends too. thank you for the thought though. i think we need to wait a little longer for the spectacular BTC crash
is entirely possible. we will need a lower BTC price. as the share prices of hugely inflated companies producing nothing collapses thousands of layoffs will follow. the difference between now and 2008 is that this time there is no room to slash rates. the tech stocks always sell off first. the sp500 will follow later.
exactly Chaebol, they manufacture lies non stop. but it is pointless inflation will erode everything. people will decrease consuming and will stop buying BTC too. i was looking at all the tech and crypto stocks and their shapes resemble exactly the dot.com bubble of the 2000. identical.
which means is was up relative to expectations. and 8% year on year. the reality however is that is much higher. the CPI cleverly excludes food and energy. let that sink in. food and energy, the two most important indicators