Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by The Pharmacist (2)
If I was a powerful wizard with a magic scepter that could enslave mortal Central Bankers and put them under my spell, I would use this scepter to make the Fed print lots of money and call it POMO, OMO, QE, and lower interest rates to near zero. This would inevitably send my Bitcoin to 1 million usd each and beyond and make me a fabulously wealthy Wizard. Unfortunately I dont have this scepter, but bc Im a lucky SOB the Fed is fulfilling my fantasies by doing this of their own free will.
Damn plot twist, I thought you were going to make them give it all back to the people
LOL.
Yeah hate to break it to you Lambie but if BTC rises because the dollar is that drastically inflated, a million bucks just won't have the same ring to it any more.
If money flows into BTC because of the perceived reduction of the dollar's purchasing power, and not actual inflation to match, then yes that would be just dandy.
In other words, we are not going to get filthy rich by inflated FIAT (if we are not already), others will get filthy poor.
Might not be a win but definitely not a lose.
The Fed has already made most Americans into a new technologically advanced first world underclass in denial of their new status. This hypothetical sorcery on my end would just continue the trend until everyone gets so pissed that the multi hundred year central banking scam is brought to a halt by whatever means necessary.
Bitcoin has spent most of its existence with the zero rates, qe, pomo, omo, etc, that the Fed is now getting back to doing. Its just par for the course and I predict like last time the dollar will inflate and lose purchasing power but not in a Zimbabwe type fashion. More like a big mac cost 10-15 bucks, the year is 2026 and Bitcoin is at 1 million usd. Bitcoin has proven to make gains at an exponential inverse to dollar losses, no reason this trend wont continue imo. We dont need hyperinflation to get to 1 million, just status quo money printing by the elites.
No one said it would be easy for the nocoiners that refuse to join us.