Fud And U Turns

source Nearly 20% of all US Dollars were printed in 2020. Biden will most likely print some more and God knows how bad things will become after that. When America sneezes the rest of the World gets a cold so this is going to affect each and everyone of us.

Over the last 5 years we have seen some major FUD by various sectors in the financial world slamming crypto as a scam. We knew better though and had to have thick skin knowing it was all a charade trying to play delay tactics so they could climb on board when the time was right.

Covid kind of created something that forced their hands and the game time of everything with crypto being negative just switched off. The speed at which the institutions have gobbled up Bitcoin is seriously quite breathtaking and sad at the same time. Sad as the idiots holding bitcoin should have just put it away as the obvious demand is there and it will only go up from here in the next few years. It is like selling something below cost when you have customers queueing out the door knowing everyone will pay more. source Worth about 40c at the time when they had over 300% inflation.

Covid has caused this as the governments handling their finances have not given anyone any confidence. What the US and Britain and every other country in the same position turned on the printing presses and printed of Trillions in their currencies weakening the value of what they had already. Zimbabwe did this and look where it got them as inflation sky rocketed turning their dollar into a board game currency.

The reality is the institutions are investing in Bitcoin as an insurance policy against the dollar as confidence levels are that low. Imagine buying Bitcoin hedging your bets against inflation over something that was always seen as a stable currency. I do believe enough of the big boys are involved having bought into Bitcoin that the volatility we all saw in 2018 will not be the same this time around. They are all in this for the long haul and want the bigger picture.

This is a complete turn around in everyone's way of thinking as Bitcoin and crypto in general was so volatile you could lose your house overnight and many did in 2018 when the bottom fell out and the big slide was on. The difference is the professionals are on board now and with the volumes they have all bought they cannot afford for it to drop back down to single digits. Many see it as a stable value compared to the Dollar so how bad must their thoughts be on the US Dollar right now?

Surely Biden will have to kick off his Presidential year with some gifts for the country and that would mean even more printing to help create some type of economic stimulus. This is all playing into Bitcoin and crypto's hands making for a perfect storm scenario that we could only have dreamed of.

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