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Bitcoin anyone? Crypto?
- Thread starter Realtor
- Start date
The banks already have regulatory approval (for years now) to trade and collateralize BTC from the OCC (Regulators). They are waiting for the current administration to heavily encourage the removal of the hyper-regulatory hurdles on crypto that the last administration put in place. Trumps kids are HEAVILY into crypto and have created companies recently to take advantage of the future de-regulation of crypto.
Now, I think there needs to be regulations in place. But not the absolute ridiculous regulations that were put in place under Biden.
Banks are so against crypto that they have spend hundreds of millions of dollars to tell the government it is bad, only to tell the government that it could be great, IF THEY REGULATE IT. The major banks want to be the custodians of crypto and they will probably get their way, as they have nearly unlimited lobby dollars to buy/spend the necessary votes. In short, if crypto is accepted and used, the banks are essentially out of business. Crypto can process 1 days worth of banking transactions (using people, etc.) in approx. 1 minute. Banks would be forced to make major changes to their entire business models and not for the better. But......... if they regulate it, they can incorporate it into their existing business models and make even more money with it.
The major banks have been accumulating BTC & ETH on the downturns. In fact, speculation is that they are selling shorts in order to drive the price down causing retail holders to sell and then scooping up the discounted assets.
My crystal ball is broken or I would be screaming from the top of my pedestal to buy, buy, buy!!!! However, I would encourage everyone to throw a few bucks into BTC & ETH and maybe a few others. Don't jump in with a ton of money, just place a few hundred (if your portfolio can afford it) into it and maybe you will see some great gains. Or, we can all laugh our asses off when we are old about the stupid sh*t we bought when we were younger, just like the preps we stocked away. I say to my wife all the time when she makes fun of my preps..... I would rather die an old fool, then watch my family slowly die of starvation, etc......
No one wants to talk about the eventual Bitcoin price to almost zero.
It's a lot of blah, blah to get the owners and possible investors to hold or buy it. It's a scam to get your money.
It's a lot of blah, blah to get the owners and possible investors to hold or buy it. It's a scam to get your money.
Nothing last forever, with the exception for Gold/Silver (so far). BTC can and will eventually go to $0.00. But when will that happen? No one knows. The dollar is surely at the end of its life cycle. The Feds track it. They show everyone who bothers to look that the purchasing power of the U.S. dollars is almost obsolete. The next monetary instrument to replace the dollar is being researched and tested. Make no mistake, there will be an evolution of our dollar shortly and it will be digital.
Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average
Graph and download economic data for Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average (CUUR0000SA0R) from Jan 1913 to Sep 2025 about urban, consumer, CPI, inflation, price index, indexes, price, and USA.
fred.stlouisfed.org
The USA is the best place to park your money. No doubt to me.
The China Renminbi will implode along with Russian Ruble. Europe and the Euro is next. None of them allow citizens to own guns.
You can't ignore the greatest Country in the world. It is looking at another record high in the DOW today. It's not fake news but real American guys trading in an open market.
I'd call our Country done if the Communist Socialist Democrats screw it up.
The China Renminbi will implode along with Russian Ruble. Europe and the Euro is next. None of them allow citizens to own guns.
You can't ignore the greatest Country in the world. It is looking at another record high in the DOW today. It's not fake news but real American guys trading in an open market.
I'd call our Country done if the Communist Socialist Democrats screw it up.
I agree 100%. Our money system (dollar) is the least smelly turd in the toilet!
Have a read. Digital money is almost here.
Frequently Asked Questions
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
They're trying their best......
It seems to me that the Crypto is in correction territory. Do you guys own a big position or just like the theories?
I don't own it. I like American stocks and their dividends.
Can you guys make a fair summary of why you own it? No links to weird information but real facts.
I don't own it. I like American stocks and their dividends.
Can you guys make a fair summary of why you own it? No links to weird information but real facts.
I want to get some, but it won't be much. I don't have the money right now unless I want to shift somethin
