Is Bitcoin a Trojan horse for central digital bank currencies? From Matthew Piepenburg at vongreyerz.gold:
Just three years ago, BlackRock’s Larry Fink and the current White House’s Donald Trump openly declared that BTC was a scam.
Fast-forward to today, and the Trump administration is promising a BTC “strategic reserve” stockpile while Fink (who has since launched a $50B+ BTC spot ETF) is at Davos front-running a 700,000 price target due to BTC’s critical role in a world of currency devaluation.
Meanwhile, more future investors will be accessing a pre-planned and well-telegraphed digital highway of distributive ledger tech toward BTC by wrapping it within a stable-coin pair trade.
What Gives?
How does one wrap their arms around the new BTC “wrapper” and its undeniably powerful/political new direction?
How can a President threaten the BRICS with 100% tariffs for moving away from the “mighty” Dollar while simultaneously supporting an anti-fiat crypto whose original “decentralized/anti-government” narrative was openly and entirely anti-Dollar?
And how does a once “maverick” anti-system, decentralized BTC narrative become the belle of the ball to the very centralized system it originally promised to circumvent?
The ironies may abound, but the darker realities behind the BTC-pumping headlines are plain for those who have eyes to see and ears to hear.
Getting Past Fights/Debates
As we’ve maintained from day 1 of the otherwise unnecessary “BTC-Gold debate,” there is no debate at all. BTC is a digital speculation asset, gold is an analog wealth preservation asset.
We have nothing against speculation in general and speculating in BTC in particular. Many within our circles own gold and BTC. We fully respect this.
But we have always been weary of the attempt by this fixed-supply digital asset (promoted visually as
a “B” in gold-coin form) to co-opt the gold narrative to its advantage while slowly becoming a centralized wolf in sheep’s clothing.
Crypto curencies are no different from tullip flowers.
Gold has been useable and in demand for 3000 years.
Reading a Substack regarding the revolving door of Derp State operatives in Big Tech.
It says a LinkedIn search reveals hundreds of former employees of Das Heimat Schutze, Following Brandon’s Instructions, No Such Agency.
It seems they outsource extra Constitutional work to Big Tech. (H/T-Amuse)
This just in from Tom Petty & The Heartbreakers:
Too Good To Be True