Bitcoin's 10 trillion dollar valuation is fast approaching

Ben goes over all the Bitcoin cycle theories out there. At this point we can all agree the 4-year cycle theory is not looking good.

Yep, time to tread lightly. I’ve been mostly out since last week but hold a bit of ethereum and GBTC that I bought the dip from. I do think we’ll test ATH again though…just need the nasdaq to confirm whatever pattern it’s trying to wrap up.

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Sell sell sell

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Many pundits say one last upwave for BTC/ETH and S&P index. I think individual stocks would be depends :slight_smile:

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A blogger (I think is from HK :face_with_hand_over_mouth:) commented that China is dumb to ban bitcoin. What if one of the above speculation is true?

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Bitcoin by nature (due to the cap of 21M coins) a deflationary currency. It’s designed to become more valuable as time passes and enrich its holders (ponzi 101). This is the exact opposite of what governments want in a currency. Controlled inflation forces holders to put their money to work in productive enterprise rather than stashing it under a mattress. Just like gold was confiscated in 1933 in the US and many other times throughout history, bitcoin will be banned by countries that (rightly) want to control their own currency, especially when the SHTF.

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Obviously. The entire “democratize” movement (bitcoin, DeFi, many “democratize” apps) is to fight government and big corporation.

Fixed it for you. Bitcoin is financial secession and will meet the same fate as the confederate army.

Bitcoin is pure fraud. Democratization is a bullshit concept

The man who claims he is actually Bitcoin inventor Satoshi Nakamoto (aka Craig Wright) won a lawsuit in Florida from a man who claims he was the coinventor.

Local kid of two Stanford professors. Also the richest person should be CZ. Maybe they meant richest American in crypto.

Craig Wright can now ransom billionaires holding bitcoin and El Salvador, yay!

https://www.bloomberg.com/news/articles/2021-12-13/binance-singapore-withdraws-application-for-local-crypto-bourse-kx3z16pn?sref=PFCuwcPr&utm_source=facebook&cmpid=socialflow-facebook-business&utm_campaign=socialflow-organic&utm_medium=social&utm_content=business&fbclid=IwAR3GiDVec7-RNB1C05iP9M_IKeREiEFnCQng1OsXxn4i6f7Nz3c7PiNb5qQ

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