Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 16/06/2022, 02:32:34 UTC
You guys realize that very soon there will be ANOTHER Celsius, or Blockfi happening...

And then big well known hedge funds.

And then Medium sized banks.

And then LOTS of medium sized banks...
 
And so on?

Tick tock.

We have known it for years, but some of you are too busy watching the side shows to see it happening now.

Well, but something would be stabilizing...imagine how much interest Apple, Google, Berkshire would get on it's cash?
Highly leveraged players might go bankrupt.
Nobody thinks that RE goes be affected, but i don't see how it won't with 6.3% mortgages.
I see that defi and all "financial apps" on non-bitcoin would get crushed.
I see that bitcoin would act as savings...then as spending source..and that's it.
There would be no financialization as the financial house of cards just can't survive all those ups and downs (at some point).
where it is this cycle (of up and down interest rates) or not, it's hard to say.
Maybe penultimate.