The Exits Are Closing Bitcoin University Matthew Kratter
The government herding people into the ETF
https://www.youtube.com/watch?v=NCOpYKAZ5tw
In this video, I discuss how the Nigerian government and central bank have increasingly sought to prevent Nigerians from escaping from the naira into Bitcoin.
In addition to blaming “speculators” and “crypto investors” for the naira’s collapse (which can be attributed rather to Nigerian central bank money printing), the Nigerian government is now seeking to prevent p2p Bitcoin transactions, which is clearly impossible.
We can expect something similar to happen in the US, as the US dollar continues to lose purchasing power and people seek to exit the fiat system into Bitcoin.
Holding a spot Bitcoin ETF or leaving your BTC on an exchange will not provide the same protections against monetary debasement and confiscation.
For this reason, it is very important to buy real BTC and hold it on a hardware wallet.
Learn to use the tools today, before the exits have been completely closed.
Not investment advice! Consult a financial advisor.
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An old #Bitcoin wallet from 2011 just moved $44 Million worth of BTC. The owner of the wallet hodled all the way from $2 to $65000.
What a legend!
5/5/24 Fred Krueger @dotkrueger
I would like to thank Alan Greenspan, Ben Bernanke, Janet Yellen and Jay Powell. If it wasn’t for you, Bitcoin would not be what it is today.
I would further like to thank Donald Trump and Joe Biden for both running up the largest deficits in history by a factor of 2. You guys are the forgotten heroes of Bitcoin.
I know my time is limited, but a special shout out to Elisabeth Warren, Alexandria Octavia Cortez and Stephanie Kelton. So many people were on the fence about Bitcoin, but thanks to you ladies, it’s clear as night and day.
As I fire up my private jet and burn carbon into the atmosphere, I will be thinking about you at Bitcoin 1 million. It will all be because of you, not me.
All I did was buy Bitcoin and hold.
@Matt_ecofin
Reading this thread makes me somewhat less confident in Bitcoin’s future. Fortunately Bitcoin wasn’t created by those seeking private jets to Burning Man, as a raison d’etre, and should survive.
“Finding the Money” is the Number One Documentary in the US.
Shoutout to genius MMT theorist, @StephanieKelton for bringing this groundbreaking movie to life.