Quote from: BuyBuyBitcoin on March 12, 2019, 12:27:45 AM

They have to come up with a solution soon..

Global Debt is $250 Trillion

https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

Quote

According to The Institute of International Finance (IIF), the total world debt is roughly estimated to be $247 trillion. By the 2018 year end, the total world wealth was estimated to be $317 trillion. But most significantly, total world debt increased 394% over the past 20 years, from $50 trillion to $247 trillion, while total world wealth increased 133% over the same period.

The money supply is already in the Quadrillions... think about that... only in fiat money does Quadrillion become possible. Where do we go when half a Quadrillion is the world debt?

I've read that article before by Tyler Jenks. That's the guy that expects sub $1000 prices before we bottom, and at the same time he predicts $10,000,000 long term. I would say this man is definitely of extremes. His hyperwave theory predicts a way to low price in my book, I don't see Bitcoin going below $1k, there's just too much of a bullish density before $1k. If we go below $1k im definitely going because we would be at delusional levels of bear.

As far as ECB I see interesting gold moves by Italy. 2008 was 10 years ago, we are due for another crisis and this time we'll have a very solid Bitcoin for these that don't want to be sitting in non-neutral to nation state assets.