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The Bank of England has said that bitcoin could be "worthless" and people investing in the digital currency should be prepared to lose everything.
In a warning over the potential risks for investors, the central bank questioned whether there was any inherent worth in the most prominent digital currency, which has soared in value this year to close to $50,000 (£37,786) a piece.
The cryptocurrency peaked above $67,000 in early November, but suffered a sell-off after news first broke of the Omicron variant of coronavirus, before stabilising around its current level in the past week.
The deputy governor, Sir Jon Cunliffe, said the Bank had to be ready for risks linked to the rise of the crypto asset following rapid growth in its popularity. "Their price can vary quite considerably and [bitcoins] could theoretically or practically drop to zero," he told the BBC.
The market capitalisation of crypto assets has grown tenfold since early 2020 to about $2.6tn, representing about 1% of global financial assets. About 0.1% of UK households' wealth is in bitcoin and similar crypto assets, such as ethereum and Binance coin. As many as 2.3 million people hold crypto assets, at an average amount of about £300 each.
The Bank's financial policy committee, set up in the wake of the 2008 financial crisis to monitor risks, said on Monday there was little direct threat to the stability of the UK financial system from crypto assets. However, it warned that, at the current rapid pace of growth, such assets could become more interconnected with traditional financial services and were likely to pose a number of risks.
Publishing its regular health check on the financial system, the Bank said major institutions should take a cautious approach to adopting crypto assets and that it would pay close attention to developments in the market.
"Enhanced regulatory and law enforcement frameworks, both domestically and at a global level, are needed to influence developments in these fast-growing markets in order to manage risks, encourage sustainable innovation and maintain broader trust and integrity in the financial system," it said.
In a separate blogpost published on its website on Tuesday, a member of the Bank's staff said bitcoin failed to fulfil many of the features required of a currency and that it risked being inherently volatile.
Thomas Belsham, who works in the Bank's stakeholder and media engagement division, wrote: "The problem is that, unlike traditional forms of money, Bitcoin isn't used to price things other than itself. As Bitcoiners themselves are fond of saying, 'one Bitcoin = one Bitcoin'. But a tautology does not a currency make."
He said scarcity of the crypto asset – which is limited to 21m bitcoin – is among the key reasons for its attraction for investors, but this feature embedded into its design "may even, ultimately, render Bitcoin worthless".
About 19m bitcoin is currently in circulation, with new coins added when "miners" validate changes to the blockchain ledger underpinning the cryptocurrency. While the ultimate number of bitcoin in circulation is not expected to be reached until February 2140, it would become harder to sustain this system over time, Belsham said.
"Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything. Eventually."
Crazy how when its a Covid these devils hid the comments
The world economy is going to crash hard
I once heard someone say that something that cant last forever will end
Month per person price! No gouging or gentrification! Developing mostly single unit apartments since privacy is a human right! 4. All three of these points to eradicate poverty, homelessness, suffrage of Americans Per Year ( tax free ) 3. Locked Down $400Month for life for the first $36,000Hour and up for all Americans 2. UBI of $3,000BBB Plan should be: 1. Livable wage permanent laws of $27
Diversity and under-representation concerns with banking and minority wealth creation, CFTC and SEC common regulatory regimes, asset regulation properties and risk-gradientization vs binarization as "is security" or "is not security", spot Bitcoin ETF confusion despite futures ETF prices coming from spot prices, zk-snark-based tax ids and digital zk-based digital ids generally, FDIC insurrance on stablecoins taking into account USDC's similarities to and differences from a bank, CBDC principles, broker definition clarification and narrowing...all good stuff. Keep it up y'all! Looking forward to the next one.
I need inflation in my wages!!!!!!
End corporate welfare, raise taxes on ppl making over 400k a year and raise interest rates.
Can not stop bcoz u still print money to wall street and create more wealth gap. Delay to increase interest to help big tech cos. DONT LIE TO ME AND US PPL.
This is why these legacy companies and mainstream media are dying because you cannot adapt not even you way of thinking, of course companies have the potential to make more money and are valued more theres more money in the system something that happens all the time throughout history.
Crypto market is becoming more appealing to investors seeking low-correlation assets that diversify portfolios, with no doubt in mind that we are going bull with little signs of stopping. I'd say it's out rightly wrong to just sit back hold and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profits should be the way of life, even experienced traders are in a doubt to take long or short position, The conditions of this bull market are unlike anything we have ever seen. I got this tips first hand from Ethan Wilbert he is always a step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings has increased drastically from 2.1Bitcoin to 17.7Bitcoin in just 3 months and 2 weeks. I've got full confidence in he's trade abilities. it's advisable for every investor to take advantage of he's strategy , Ethan can be reached on @ [ @Tutorwilberts]
They are missing the most important piece of this bubble story : massive money supply increases.
lmao... yeah... everybody sitting around the office with graduate degrees with no1 to do their work for them
Lmao imagine saying that inflation happens because someone asks for a raise. What about not lying for once? People are desperately asking for a raise trying to keep up with the rampant inflation that money printing creates
Should be titled "Can the government spending and Fed printing be stopped?"
<><><>< I respect your content mate.. TA is good but I find it truly baffling that all major crypto rs just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 11 btc frm day tradn with, Alan Duyi insights and signals in less than 1 Month.You can reach him on TELEGRAM..>>>>> Duyi34 He's very accurate and always yields a great positive return on investment......
Stop printing so much money. Done.
Let's Go Brandon!
Adam smith knows what Im saying rn
End the Fed!
I don't trust. That is why not doing transaction or holding usd
Cathy Wood sez Value will be slammed in 2022 Over supply
Stop increasing money supply to stop inflation. Econ 101
The crisis can not be stopped as the solution isn't politically viable. As Milton Friedman put it Inflation is always and everywhere a monetary phenomenon"
you can stop inflation. then you will fall into stagflation trap. finally the us economy will totally collapse. just matter of time. the death knell is ringing. today's japan is your tomorrow. lying down and accept your fate.
Get Trump back
What's the problem for stable coins and cryptocurrencies to undermine the dollar? If they do so it means its better. The dollar only benefits these at the top Not the people. The fact that we need stable coins and crypto is fact that the government is not doing its job right or we wouldn't ever need them.
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
Has it ever stopped ? Dumb question
Shocks are all about future I think. If you wait until the company is earning a fair amount of moeny or mature, there won't be a fair price either. So some companies that is not earning very much now or even with minus earning could seem very expensive. But that doesn't mean it's in a bubble. You take your bet or prediction about company's furture and you earn or loss. Not some value finding which is nearly impossible i think because i think the market is kind of effictive so why should you find something that is highly undervalued?
Guess you need to prompt up the man you installed into office that's destroying our country
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Melinda Dixon, her skills set is exceptional..
The dollar is a bubble
Maybe don't do anymore stimulus payments because all they do is create more USD
60 cents of every dollar was printed in the last decade. Think about it. Is that deflationary?
Adam smith knows what Im saying rn
What is your agenda pushing TSLA into meme stocks? They seem to be undervalued based on both current cash flows, growth and forward earnings. There are so many unprofitable overvalued meme stocks like LCID, RIVN etc. but all you know is TSLA? Lame lazy misleading journalism!
NOT WITH BIDEN AS PRESIDENT OBVIOUSLY......
Even back in high school I would mouth off to the teachers telling them " working and a career are stupid and the whole system is a scam" they said I'd just flipping Burgers my whole life. . . . WELL WHOS LAUGHING NOW!!!! HAHAHAHAHA!
I think the point is US citizens are sick of the laws and regulations that makes business and growth overly complicated and down right not worth the investment in emerging technology. The US government is killing the ability for the USA to compete in the world market with over regulation.
Bitcoin is the best way against inflation
Crypto CEO's talking to people like Maxine Waters....may as well be talking to a stump in the back yard. We need intelligent leaders and not 80 year old high school drama queens.
Crypto Makes for A Wonderful Bubble When It Pops, There Is Nothing There
USA USA USA
Fiat currencies are crashing Worldwide. Nothing backs fiat currencies. It's a ponzi scheme.
6:00 You know what? Investors bet their money on the future of the investment. I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
them talking in crypto slang <3
FUD
Bitcoin is a hard asset, there is no bubble. Stock market is a bubble propped up by money printing
FUD Merchants. Be AFRAID, Be VERY AFRAID
The giant Ponzi scheme is finally starting to collapse.
Investing is the best option right now, seen the economy is bad INTELLECTWEBSCM making money with those guys is the right time now
Is this person right to think graduate degrees give more skills? I thought working in the job did that.
The bond market
<I see BTC at $75K by end of this year but Will always let anyone know to forget predictions and start making good profit now because future valuations are all speculations and guesses. The market is very unstable and you can't tell if it's going bearish or bullish. While myself and others are trading without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow .I was able to make 21 bTC in just November from implement in trades with tips and info from keith Brian Jerry>>
There goes the secret... A bubble that everybody knows it, is not a bubble. ( checking with a pen balance sheet.. hey while I was checking price moved +13% and keep on going .. let me adjust.. ups now -7% dam you markets and I don't have a calculator..you guys!! )
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
early gang
Yes, bring back Trump.
The funny thing is when they say people lost money. It was only monopolized entities . The regular man won though.
Digital assets like crypto has a long way to go yo get the aproval it need to be a mayor player in the económy
CRYPTO IS A BUBBLE
It seems that this a couple of days late to be uploaded
Monetary inflation is just the government helping the rich at the expense of the poor.
I suggest buy insurance from crypto
America don't solve any problems.
TSLA is deeply undervalued if it can get AV to work. The professional driving industry in the US alone, annually, is worth nearly $1T USD.
And all on the XRPL
NO! And is very dangerous, inflation and higher taxes, ppl gonna look to other countries to move. Biden and democrats are the worse thing that happened to the country Democrats are the masters of corruption and deception, they are not your friends, they are the corporate puppets.
If you care about America please read Ray Dalios newest book.
Investing in stocks or real estates are very good ideas though real estate investment seems a bit more complex. Who else is in line with me?
Whats proof of marshmellow?
Guys ....move your money to Bitcoins
Consumer spending power has remained relatively flat during the pandemic while the ability to spend was reduced. This results in a shift from spending on services, such as airfare and hotels, to spending on goods, which is subject to massive supply disruptions. Americans saved at record levels in 2020. If we really want to get goods inflation in check, we should work to entice other countries to reduce COVID restrictions to allow for a free flow of tourism. Spending on vacations reduces the appetite to buy a new car or other goods on a more frequent basis, in turn reducing demand on supply-strained goods.
A WORD OF ADVICE TO ALL THESE CONGRESS MAN AND WOMAN OWN AT LEAST 1 BITCOIN!
Yeah, raise interest rates by .25% every 6 months until you reach 2%, then stop! The reason raising rates screws up the economy is that they go too fast. Give those Fed governors each a lollypop and tell them to chill. 3% is too high and it will accelerate economic decline. Productivity has increased per actual human man hours. If you go by dollars per productivity, it will be wrong every time. Union busting has contributed to income inequality. The Fed always overreacts in either direction. They actually cause instability.
I wont use this and as evidence and tell yourself that you are worried Bitcoin and Tesla will crash. Be safe in everything you do but I would call this irrational fear. The entire US government and US dollar is based of loans and debt. You give and you take. Buy Bitcoin. Buy Tesla. Take what you want. But never forget to give back. If you take. You have to give. People should be more concerned about what they are going to do with all this fast cash in order to help people other people survive. There are 8 billion people on this planet. 10% and I would suggest more are starving to their deaths. That is what we should be talking about. Repaying our debts. Giving back. I hate to burst your bubble. A bubble burst is the least of my concerns.
In the past when inflation would rise the feds would raise interest rates. Why don't the feds raise interest rates? Could it be the feds don't want to pay more interest on 29trillion of debt? The feds have dug a hole they can't climb out of. Now the people are stuck paying higher prices.
No way they can stop if they try to the economy will deflate to a point where the government will for sure go bankrupt causing famine etc , fundamentally there are 2 problems reducing demographic growth and aging population which is going to devastate the debt burdened economy into a deflationary spiral at one point but for now hyperinflation is the problem .
Nature may abhour a vaccum, but the human world loves bubbles.
Biden said that the administration is "closely monitoring" inflation. Safe to say NO, the govt cannot control inflation.
This is a hangover of the Trump administration exacerbated by Covid
You'll get used to it. - Love, Argentina.
The Federal Reserve Bank is very, very destructive to the USA. A gold standard is superior.
If lumber and steel go up, how could you say housing prices are in a bubble but the raw meterials are supply and demand?
Whatever lets fuccn go saitama
yes, if all currencies have the same exchange rate, or just use gold or silver currency
I hope everything crashes and burns so i can start buying out.
Idek why Im watching this omaon
SEC is taking over Crypto!!!
Proof-of-work on notice in that brief energy discussion.
Smoke and Mirrors
to us traders, investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
Brooks for U.S. President 2024
Stop inflation and Joe Biden policies..IMPEACH BIDEN
yes, if all currencies have the same exchange rate, or just use gold or silver currency
It great time when you have multiple bubbles that can pop. Wild time we live in. Maybe I will make a film about that crash on my YT.
why is waters running this? i want someone capable please.
this isnt good optics for biden, should shut this down
It really gets me when these commentators get on here in defense of the Fed the reason I am saying this the FED does not have any dummies on it staff what I am saying here the Fed was not late on any of the financial crisis has they let it happen like it or love it it's the truth
BITCOIN IS A PONZI SCHEME.....so just waiting
Short it then, if you believe it will pop
Better educate yourselves a lil more Its about oil It permeates the world Blame it on covid Blame it on supple chain Blame anywhere you want Go talk to Jimmy Carter The research will show you Oil
Got to love Mr. Brooks' macro questions in his opening statement ~min 33 including: Do we trust big banks more or a open source model more?
The entire economy due to what I got on the "BACKBURNERS"
What about the Israeli government??
I know this has more dislikes than likes
Inflation is real because the pandemic slowed consumption. The BBB can stifle inflation if given the chance.
Inflation is directly linked with money printing. The more money you print, it devalues the money already on the system.
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
I hope crypto crashes hard because I need a GPU. it's been disrupting GPU supply for years now. it has to stop.
Maybe don't do anymore stimulus payments because all they do is create more USD
Why not get a group of educated economists that know what they are talking about to use in a major news story? Thanks for nothing.
Chicken or Egg question: Did you write the script first and irrelevantly inserted Tesla in it OR Tesla first and 'found a way' to make you feel good about your missed opportunity!
Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.
Citadel will pop next
Should be titled "Can the government spending and Fed printing be stopped?"
The bubble is transitory
Sure it can, they just dont want to stop inflation.
Banksters have inflation to get rich, its how they steal your labor...DUH Your channel is stupid!!!!!!!!
80% of intelligent Americans are NEVER taking the poison vaxx!
2:41:05
Yes congress just need to come out with a law defining what a digital asset is and then wont have the deal with the SEC who is only after one thing their pockets to full but hid it through strict regulation
As Peter Schiff would say, you cannot put the inflation genie back into the lamp.
Dishonest reporting
Is it not simply that there is just too much money floating around globally and the 'rich' don't know what to do with it. So they invest in anything that might bring some positive ROI and this drives up prices and the spiral begins. And so the rich get richer and the rest of us can pay the price in the end by ball-outs, privatizations and loosing pensions.
I wouldnt be scared IF the a rich werent getting Richer and Mostly with so much Stimi ️️ we do need to be Cautious The Rich can Manipulate anything with Money. Sadly Money Is Power
Well sounds like most of them have no clue what they are talking about.
It's pretty simple when it comes to economics and or war time last person you want running the country is a Democrat anyone with a functional brain knows this
Money is an issue that everyone has for a better and luxurious life. Life was hard for me until I started making profits on my investment with the help of Mia Linda
did they talk about governance tokens at all?
There is only a bubble if you see a bubble I see pure money. To the moon
Wow this is just full of crap
Crypto hustlers claimed bogus technology advancement to scam the unsuspecting congressmen and public.
It is everything bubble.
<<There's no doubt in my mind that we are not only going bull, but BTC is going nuclear. A lot of people are wondering newbies who lack understanding on how trading Bitcoin works, to help them recover loss from the crash and also accumulate more bitcoin, with his program i went from having 3.8BTC to 12.8BTC in just 5 weeks.<You can reach him on TE LE GRAM >>>> @LeonCalvintrade.if now is a good time to buy because of where the price is at right now. I'd say it's outrightly wrong to just sit back hodl and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stack up more coins thereby making profiTs should be the way of lifeThat being said, the market is still all about BTC at the moment and I'll advise current investors and newbies to take advantage of Leon Calvin program, a pro trader who runs a training program for investors
Just another slick willie. How can you compare druga that make a drug company rich to this stuff?
2:05:25 hahahahhahaha
Yeah ditch the corrupt democrats , pay close attention the the date things started inflating. Sometime around January this year wasnt it. Democrats give you a few cents with much media fanfare later they steal a drollery behind the scenes.
I don't like this, everytime the government put its nose in something it always because more pricey and complicated.
There is only a bubble if you see a bubble I see pure money. To the moon
Ms Dixon representing a copy and paste crypto . She talks like her company is pure genius.
*The crypto market has been favorable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*
4 of one percent for saving acct.'s & only 1.25% fot 5 yr. CD's! Yes, mortgage interest was 17%, but houses sold for $40k & there were ways around paying that, e.g.take over mortgages, purchase money mortgages, etc. I bought two houses then, that way!I'm 75 & will someone please explain why when we had high inflation in 1981, the banks were paying 12% to as much as 18% for 5 yr. CD's! Now, with ever spiraling inflation, we are getting an absurdly low .25% or 1
Considering inflation is worldwide, we may be able to influence inflation but I doubt we can control.it. Nixon created inflation when he took the US dollar off the gold standard in 1971. Volcker's draconian interest rates finally tamed inflation in time for Reagan's second campaign in 1984.
GameStop is not a meme stock. You lost, deal with it
Guys ....move your money to Bitcoins
Even the bond market bubble hasn't popped yet. The biggest Ponzi of all. Bringing an old w guy who's a gold bug to tell us Bitcoin is a bubble... might as well bring us a drug dealer to tell us why drugs are great for us
So they basically only care about whether crypto challenges existing systems? How STUPID
yes but in order to do so they would collapse the stock market and housing market.. this is all intentional to destroy the dollar to move to a digital fed currency for complete control.
The simple answer is No.
$BTC the inflation hedge
How can one let politicians question CEOs for the crypto community without none biased experts?
Inflation only stops when it finally kills the host. But it always comes back.
No, it cannot. The US is completely addicted to inflation. Inflation is simply an expansion of the money supply, not the CPI or whatever nonsense the silly government says it is. Is the US government going to stop expanding the money supply? Never. It's literally impossible.
Inflation crisis can be solved it depends on the monetary policy structures use. Since inflation is described as too money running ahead of fewer goods. May be the government want to solve the deficit problems,and solve the issues of the import of goods &services.
lmao... yeah... everybody sitting around the office with graduate degrees with no1 to do their work for them
Thanks biden
Man you can't stop criminals activity from nothing. They need to cut that talk out. Whenever they figure how to keep criminals activity out of politics then holla at us
The world is the way it is because money pulled it in that direction. When the money moves the power moves.
The wealthy are buying stocks, gold, crypto, real estate, land... anything they can get their hands on. They are even trying to buy entire neighborhoods and cities.
I see Bitcoin. I click on it. I know why MSNBC put that Bitcoin.
Broken capitalism. Solution, need to start over. Burn the FIRE sector. Vote for a change (pun) demand democracy NOW.org banks produce nothing, zero, just profits DNC = RNC = the 1% = Wall street not the 99% remember the 1970s ? what it took to get change a revolution, yeah
We need Germany translator, please please please
CLEAN, SOBER, SAFE, HONEST, HEALTHY AND PROSPEROUS CALIFORNIA RAIN IN CALIFORNIA LOVE ONE ANOTHER FREE THINKING OPTIMISM
How can inflation exist in a zero interest climate where wages are stagnant? Sorry, being Australian I don't get that (Australia is big but our economy is medium sized). It's different here. We have all the above but we are having a stupidly wild housing market - everywhere. People are greedy & stupid, rates will rise. When the US ups it's interest rates, a lot of Australians will learn that a $1,000,000 loan on a $120,000 income is not wise.
One of the reason is fed printed $6Tn, where would all of this go....it would throw inflation off the roof...hence the absurd valuation, it's not coming down unless $6Tn is absorbed by Fed
Everything's a bubble
What else are people are suppose to do with the money they save from staying at home??? Buy some stock and drive price up. Retail investor and Hedge funds know it and everyone is on this
When inflation goes above what can be earned in the stock market, people will bail out fast. Nobody is going to sit and watch the real value of their money decline month after month.
Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.
POWELLLL GO BRRRRRRRRRRRRRR!!!!.....
"that's traditionally low margin business" Sure, but Tesla's margin on vehicles was ~26% (!) last quarter, and Hertz didn't get any discounts: they just got in line like everyone else.
Ontario is the next bubble
hour.If wages actually raised with productivity; the minimum wage would be upwards of +$20
Do Americans really realize that the FED is not a part of the federal government......? that it is a privately owned corporation by a few oligarchs......using only the people's consent to print money, as its capital, they buy everything and own everything.. After printing so much money, it then buys up stocks, bonds, treasuries, properties, and OWN everything, but the "money" used to buy them, is added to our $29 trillion national debt...wtf. Great scam, isn't it...and the name is very clever to hide the private ownership...the FED.. Why are we allowing this...? China doesnt have the equivalent, instead it has the People's Bank of China, therefore everything is owned by the Chinese people...instead of a few rich capitalists....who never invested, in the first place.....who are these people? The communist CPC is not evil, as we say, afterall. No wonder China is in a better place than the US.
6:00 You know what? Investors bet their money on the future of the investment. I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
The difference between bitcoin and Tesla is that Tesla produce something that is tangible unique and is self supported by the most advanced technology in its market, It has mega factories ready to produce, It is also an energy provider, Solar, and has an infrastructure of the largest charger network. Telsa cars are the fastest and safest in the world.
I'm from Ukraine but so happy to see US regulators attitude and ceos delivery, 5 hours of smooth enjoyment!
Ok yeah, that other bubble is the USD. Thanks for playing and good luck!
They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive. Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation. The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money. Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use). I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.
Not if Biden keeps making policies that increase it. For example, now truckers can't bring in goods from Canada unless they've been vaccinated, and that means 20% of truckers that normally would deliver cannot. So that's going to increase the cost of goods. And Biden and his team are either too stupid to understand this, or they understand it completely and want inflation. That way when the economy fails they can take it over completely and blame capitalism.
The world economy is going to crash hard
Yes, president Trump already started the process, but the socialist party wanted American more debts. The corruptions official corrupted every sectors which destroys our entire nation slowly and now we are facing inflation from many decades covered ups.
Inflation need to keep you guys poor
ICE car manufacturers that pretend to be transitioning to electric. GM is the poster child
2% is not low inflation
Shame. The congress knows nothing more than your typical no coiners
Why until now you have realize that your exaggeration of outsourcing in China is the main cause of inflation. You need to generate jobs and production locally. Too much advance thinking ha, go back to basic.
Elections have consequences..TRUMP 2024
The only one hurting is them because they can't buy cryptocurrency legally they are being left behind. Cyptocurrency is taking market share from traditional investments like gold and even a good share of stocks. Microstrategy just buying bitcoin at 30k not only made them billions but grew there companies market cap by quadruple .
The government can do nothing oil is attached to everything and we use 840 million. Gal every day just in the united states. Another 80 million barrel of oil in the rest of the world and we are running OUT
Thanks to I got my credit score fixed up,and I got the check of $7k delivered yesterday,you are the best to deal with.
"Actually, nobody can see a bubble; that's why it's a bubble"
Hatchet job lol
Oh, I thought we were being told that inflation is a good thing now?
Its not inflation. Its price gouging.
services that are used for inflation should be comparable and easily measured, however this is an old way of thinking to keep calculations simple and easy to track. However society and technology have gotten more advanced. Why can't there be a more advanced inflation model be created that factor in for inconsistent products and services such as housing, food and electricity? Seriously, google can on the fly calculate ideal driving directions instantly for many millions of drivers at any given moment in the day around the world, but economists are limited to the easiest goods and services to track? There are online bots that track prices constantly for deals for consumers. Builders, realtors, property assessors, and so forth have a wealth of information to price homes. Builders may even go with price multipliers to get a general price for out of state pricing. Inflation likes to avoid volatile prices, but the reality is people are buying this constantly that are priced this way. If bots can get pricing and figure our averages and trends on a per product basis, why can't that be used for inflation? I'm no economist, and I don't care for reasons that equate to "it's too hard", when that's not how we got to this point in society. Trillions are at stake based what economists says about the economy, so why not spend more on getting better information.I get that the basket of good
Answer: No. Go buy gold and BTC.
Its time for money to exit the DXY and go into cryptocurrencies.
crypto Market lately has been so encouraging couple with the fact that there is a new president in charge which experts has projected his administration to be a win win for investor in the store market. What are you still waiting for my dear? The time is now! Great The stock
decoupling from china; how ta hack not cause inflation. increase wage 1.5XKickout immigrant
No . It can't! 100%
watch?v=q8VIBSZEGmI&t=4s&ab_channel=CryptoMoonlightcom
Boomer media: "bItCoiN dOeSnT haVE fUNdAmENtaL vALue" lol you all were saying that when it was a few bucks, and you'll continue to say it when it's valued at hundreds of thousands. I can't wait for your leech filled "financial advisor" industry to be gutted.
Print baby print!
FUD
The fear mongering in US media is insane. As long as inflation is controlled it is NOT a problem. It didnt appear out of nowhere, it is the outcome of the economic stimulus created by the government. The United States is the greatest economy on earth with the greatest minds to work on this problem. I am sure things will be just fine.
world Governmental debt and out of control money printingThis article is flawed inflation is caused in a large part by excessive money printing. They did not even mention this among the causes that have led to this wave of inflation. In fact there are multiple causes of inflation that are all made worse by the national
Inflation will be transitory. I heard a similar story about weapons of mass destruction in Iraq
according to anything that's going up is in a bubble
If you don't own a house and stocks you are doomed.
None will pop!! None!! BTC should drop tomorrow at 8:30 AM that will be the bottom!! Housing is not over leveraged! only the wealthy are buying! My Tesla plaid X in on order for July 2022 lol! The United states needs crypto or its death for innovation and growth of its citizens.
Answer: No. Go buy gold and BTC.
Mr Sherman: Thats because YOU do not make it legal tender. You have a monopoly of money printing.
booster shots are inflationary. Who's paying for tests and vaccines? Your purchasing power. When government interferes with the working class and businesses through more and more regulation, does that increase output or decrease output? It decreases output causing higher prices for goods and services. Bill Gates' carbon tax to fund his chalk marks in the sky. Is that carbon tax inflationary or deflationary? It's inflationary. There is zero benefit to the middle class by flying airplanes spraying dust into the atmosphere. The entire process is inflationary.
senators make 150. all this needs to stop they stole the money from us I think they can pay off the national debt and inflation does not help nobody we can see it today.Ronald Reagan started the sparrow of wages he said trickle down economics but the problem it never got to the workers only to the CEOs they make 350 times more than average worker in Congress
I believe that US gov. will not make this situation getting worse.
how to stop it: stop our current administration. not with paperwork, or votes, or impeachments but plain old force instead. like shoved out into the street to land on asses.
Investing has never been so mainstream, the money has to go somewhere right?
Tesla was bubble at 60$ a share, and then 180$ a share, and then 500$ a share and now 1000$ a share. Keep it up , your analysts on screen are joke. Teslas fundamentals are far strong and have much more potential. Buying the dip is the best thing to do.
Some segments in the are stamped not adjacent to each other