Post
Topic
Board Economics
Topic OP
Bitcoin rising from banking collapse...Permanent or new Fed stops ahead?
by
BenCodie
on 20/03/2023, 15:49:32 UTC
Seeing the rising price of bitcoin over this last few weeks has been a pleasant change. What has been even more pleasant is that Bitcoin's original purpose (being, a hedge against the inherently flawed global fractional reserve banking system) is finally becoming headline news and directly gaining value from the beginning of the banking sector collapse.

It seems like this would lead to a steady and fruitful uptrend for Bitcoin...but I also think, isn't this too easy? I find it hard to believe that the Fed and its subordinates would just allow Bitcoin to steadily increase and prove itself to be a hedge against fiat so obviously as it seems to be playing out right now.
 
The next question that stems from this thought is that maybe there are new backstops in place that would reverse the current trend, prolong fiat money and its wicked way for just a little longer, cause pain to the true believers who (like myself deep down) feel something along the lines of "This is the time! It's happening!" and then accumulate before the real uptrend begins when the fiat system does inevitably start to hyper-inflate/collapse.

TLDR: Do you think that the Feb or other Bitcoin adversaries have any potential plans to either hurt Bitcoin, or make the banking system seem more reliable for a period of time again to prevent the current uptrend from continuing?