Quote from: PokestarFan on Today at 12:25:11 AM

Quote from: Gachapin on June 17, 2022, 11:53:22 PM

Adam Back still sees 100k possible by eoy
https://twitter.com/adam3us/status/1537532815478243329?t=U4wAtpfr4aRfvBXZxu0NJg&s=19

5x not impossible in half a year, but sounds quite extreme... however we all know, this is Bitcoin and extreme it is...

I hate to break it to him but bitcoin only went up as high as it did due to record-low interest rates and a fuck ton of pandemic money hitting investors. It's delusional expecting this to happen with a looming recession and some nasty inflation in a lot of countries.

Record low interest rates and a fuck ton of money is exactly what is coming down the line if the Fed overdoes things and causes Japan, EU to burn. What do you think the chances are that the Fed overdoes things? And even if they do manage a soft landing, they will still need to ease as their is still too much debt in the system to have a sustaiable recovery without easing. One way or another BTC is going to 100k. If the Fed fucks this up it could easily be the end of this year. If they are a bit more delicate, 100k is delayed for a few years, either way it is happening.

Also, take note of their CBDC talk. It has fuck all to do with competing with BTC or shitcoins, and everything to do with allowing the Fed to do very controlled fiscal stimulus. At the moment the Fed can only do monetary. The difference is massive.