Is this true? WTF man
>fiat has started devaluing when crypto arrived after 2010kek
>>60914461I'm scared...I only got into crypto because I wanted a house.
>>60914461I've been saying it for the longest time, crypto in a way is the US's way to offload the trillions of dollars of debt. The pump and dump of a lifetime will happen and it be fast and swift.
>Crypto is a scam, it's zero sum, you're just buying someone else's bagsHaha who cares, you stupid nocoiner!>Whales are manipulating the markets, dumping their bags on you, you're in a ponzi schemeShut up buttcoiner idiot! It doesn't matter because line go up!>The US government is going to sell some coinsOMG NOOoOOoooO!! HOW CAN THEY DO THIS?! WHY
>>60914461Yep, common sense since the beginning of the year. Most of it won't go into buttcoin though. But we will see its final price in the coming two years, I reckon 300k a few months after the announcement.
>>60914461Several of us have been telling you for a while. Government doesn't care about your crypto, they actively encourage you to buy it in the current Admin because it isn't a threat to them, you are directly or indirectly forcing the purchase of bonds or dollars in so far as the stable coin markets are now concerned. Revaluation of gold may be used to devalue debt, at the cost of hyper inflation, but gold holders have the benefit of still holding something the rest of the world likes and deals in. You cannot devalue gold relative to the other worlds currencies and the question remains can the same be said of crypto in such a proposed hyperinflationary environment?
>>60914461Thats why dai and algorithmic stablecoins must win. Otherwise crypto is fine. Of course the Russians have a point with the debt to stablecoins I wanted to make this thread
attractive countries aren't afraid of crypto. shithole countries are afraid of their rich people leaving.
>>60914461No.https://www.youtube.com/watch?v=34aCvnh1op0Even better.
Trump even said he was going to pay off the debt during the campaign, a little crypto check lol or somehing like that.
>>60914461>move the debt into crypto cloudmeaningless word salad
>>60914868Exactly. Someone has to buy it. This is next phase. Countries.
>>60914788Checked, and such countries would be? Norway? The LINE (lmao)? Switzerland, that overcrowded, rule-crazy mountain jew hive? Andorra, the freezing cold crammed village? Or the smelly med variety, Monaco? Little Oz? Even their villas have sheet metal like a sheepfold. Japan seems to get the diversity punishment Canada style, so no option. I'd fuck off to Iceland, but it's just so cold and windy.
>>60914461I mean its called the reset. This has been planned for a while.
>false flag / blackswan exploit>crypto tanks hard>paper hands lose all their shit>whales gobble up cheapies>Oh it looks like everything's ok again>new ATHs
>>60914896I could go on. I was in Portugal, and all I found were brit and hunn pensioners, digital nomads, crapto bros shitting up the place with their entitlement. That alone is a reason to drop a nuke or two. Some youths thought it would be appropriate to die in front of my rental car on their shitty motorcycles. I had to wait for ten hours till some forensics dude scraped the organs off the windscreen. Was in Spain, too. 60% taxes after a few years, and there were chicken living in the local train station. In Montenegro, I met a few Americans who wanted to wife swap. Told them I'm a non-practicing pedophile. Hungary tried to scam me for every move, not even exaggerating. I had three months of paperwork just for going there and having a few meetings and real estate viewings.
beef bourguignon
>>60914878kek yeah. don't need crypto to devalue the dollar. what crypto does allow is rehypothecation of debt, which encourages even more borrowing.
>>60914940Until it lasts, innit? Anon.
>>60914461It's stupid shit, it's already what the dollar is.What the US does with GENIUS is to cement itself as the leader in crypto stables (they already have 90% marketshare) so they can keep printing and dilluting everybody.How's this different than the current state of affairs.Fiat is Fiat.
>>60914461Dude, we're financial vigilantes that are wrecking TPTB since they can't into technology. Dontcha know?
>>60914929Imagine having grey hair and visceral fat, and then paying some brown zoomers to write such drivel instead of fucking off and learning to cook and do some pushups. No, gigascam 24/7 it is, feeding off suicides like some ancient demon. Why can't these people be normal.
>>60915154> Fiat is FiatOne can be inflated and tricked with, the other can't.
>>60914461Btc was the Trojan horse to get people accepting of crypto and it will be the sacrificial lamb for whenever the new turbo gay digital slave system is ready to go. Make sure to thank your local xrp/link cucks for helping to bring about hell world!
bro thinks "crypto" is some app on the iphone
>>60914940>crypto does allow is rehypothecation of debtanother word saladyou don't need a fucking blockchain to do repo LMAOyou niggers are financially illiterate holy shit
>>60915422He's right, You know?
>>60914768https://www.youtube.com/watch?v=kDCqiZd4xkI>Rai: Building A Money God
>>60914461why don't they just take another 35 trillion and put it into bitcoin then sell at a 2x
>>60914461Explain the mechanism. “Moving it to the crypto cloud” doesn’t make any fucking snese
>>60915709>tokenize all assets>borrow against them>????>profit!
>>60915709stop being smart, anon. this is midwit bullshit. even better it's a quote from an off-the-cuff remark and translated from a language that is difficult to translate into English when there are subtle distinctions.the real answer, what the guy is alluding to, is splitting the currency. the idea is to slowly migrate the domestic currency into a crypto platform of some kind while leaving the debt largely denominated in USD. as you come to rely less and less on the USD for your domestic economy you can inflate it away. this is the obvious solution to America's debt problem - take advantage of our currency being internationalized and basically dump it off on the rest of the world.
>>60915747What a bunch of bullshit lmao. Anon, I wish you to sleep well and wake up clear in the head
It's true I'm afraid.Bitfuck is going to zero.You should have listened.
>>60915747Thanks. On nicotine withdrawals so my head isn’t working properly
>>60915422>what is tether>what is circle>what is the genius billkek retard
If you actually give the slightest fuck about real crypto just buy Monero.Otherwise enjoy the fiat casino
>>60915709Stablecoin providers must invest in and hold short term Treasuries per the Genius act. So if the government can move everyone onto stablecoins then you've magically created huge demand for US government debt. This drives down interest rates and allows the government to borrow more.
THE GREAT RESET
>>60915668It's interesting and it did not rug right? But the not so great peg makes it not viable for big investors. Also a paki advertising isn't great looks.
>>60915747Based scam if true. Thanks for playing thirdies
>>60917256it's weird. It's "pegged" to its perceived value. I don't actually understand it even though I watched the video twice.
>>60916068no need to jak him, he’s already pink kek
>>60916797Whichn inflated away the debt so basically the putin advisor is right
>>60917851Stay with dai thats saver would be my advice but maybe i look into it more soon
>>60914920
>>60915422Let me make it simple for you. Stables buy treasuries. 10 year treasury rates go down. Government saves hundreds of billions annually per percentage point when they rehypothecate.Bessent has nearly hit his first checkpoint of 4%.
>>60914461How do they plan to "move debt into crypto"?
>>60919750Under the GENIUS act stablecoins are required to hold 1:1 reserves in low-risk assets, most are utilizing treasury notes for this.
>>60919862But who would buy the stable coins? If more people go into cryptocoins they will buy Bitcoin and not some usdt
>>60919884Stables are heavily used in trading. Both because it simplifies taxes compared to BTC pairs on alt exchanges and because it's easier in a lot of countries to trade USDC pairs than their native fiat currency. Look into how much has been printed in stablecoins this year and the fact that this also largely represents treasury purchases. This is part of why the t-note yield is being successfully driven down by the admin, Bessent is GOATed.
>>60919668>>60919862>>60920033So is all this good for btc?
>>60920086Neutral mostly, arguably a bit positive since it reduces stables risk. Good for the US though.
>>60920133Do you think medium to long term btc will continue to go up?
>>60920261Fuck if I know in the medium term but my personal thinking is that we'll be way higher in four years. I've been taking money off the table just because 95% of my net worth was in crypto however. Still keeping a few BTC at this point and intend to never sell my last BTC.
>>60920286>four yearsIsn't this medium term?
>>60920298Typically anything longer than one year is defined as long-term in markets.
>>60919668>Stables buy treasuries. 10 year treasury rates go down.I'd imagine they prefer their funds to be in lower duration treasuries (3 month in particular) due to duration risk since by GENIUS regulation they can't exactly hedge that exposure away through treasury futures, so stablecoins will NOT significantly move the 10Y treasury rates as they are too risky to hold. They will also not significantly move the lower duration treasuries because the repo game the feds play is a far bigger effect on the short duration interest rates than the demand stablecoins will bring. What they will do is increase demand for short term US Treasuries such that the government can more readily borrow money from private institutions, so it decreases the chance of a bad treasury auction.
can some crypto chud explain to me how the fuck a (((stablecoin))) isn't just a CBDC?
>>60920432>They will buy shorter duration treasuries>This will not move the 10yMoving any treasury yield moves all treasury yields.
>>60920466Not really, since by no arbitrage the short term rates will converge to the federal funds rate so no amount of demand can offset the near infinite arbitrage supply/demand. Longer term treasuries can't be readily arbitraged at high leveraged, so they are more volatile to supply and demand.
>>60920475You're talking complete nonsense.
>>60920491How so? Imagine a 3 month treasury at 5% and being able to borrow from the feds at 4.5%. Conversely, imagine if a 3 month treasury was at 4.5% and you could loan to the feds at 5%. That's a 0.5% spread which can be arbitraged by market participants that is secured within only 3 months. As long as the repo rates don't significantly change over that time period, since they are floating rate, you gain a near risk free return.For 10 year treasuries this is far more risky because the repo rates may change significantly over that 10 year period. It is no longer a near risk free return and is more of a speculation on future interest rates.
>>60919750They might the launch of a central bank digital currency on the blockchain and then announce a temporary suspension on bond payments through the ordinary system but they're using the CBDC system as a backup and all crypto dollars paid out through that blockchain system can be paid out as dollars at a later date which never comes. Result: Immidiate dollar devaluation, prolonged inflation and economic growth problems.
>>60920432doesnt the rrp by short term treasuries? its on its last legs. started with 2trilly now hovering around 20billy. the participant buyers have also fallin off a cliff as well.>>60920454it absolutely is a cbdc in everything but name and "distributor". use cash, monero and gold and silver. keep physical alive.
>>60920454There are decentralized stablecoins that cant be frozen like dai. And Ethereum itself is decentralized as proven when it continued tornado cash transactions after the usa sanctioned it.
>>60920454A cbdc is a stable coin but that doesn't make a stable coin a cbdc if it is not backed or controlled by a central bank.
>>60919561DAI with alchemix for the stablecoin trading yield is the most practical I think.
>>60914461Wtf is the "crypto cloud"?
>The U.S. government (the Treasury, Congress, Trump, or the Federal Reserve—someone) will go to a Bitcoin exchange and say, "I want to buy $35 trillion worth of an asset with a $2.5 trillion market cap to move into the crypto cloud," all in an effort to eliminate America's debt.>This is a masterful, ultra-secret plan, meticulously crafted in the Epstein backrooms by the evilest men living todayTiresome.
>>60914461No it's not true
>>60914878Yeah nothing about what he said made any sense
>>60914461>retarded boomer tweet>talking about retarded boomer politics>expecting boomers to do anything except be fiscally irresponsible retardsSadly, I can't tell you that I saged because it is against le rules.
>>60916068 Unless you and whoever is making this claim about Bitcoin going to zero is saying that the government can hack the Bitcoin network (which IDK if it can or not, I'm not a nerd like most you here) then there is not any other scenarios that would be practical for the government being able to tank Bitcoin or a scenario why they would ever want to in the first place. If anything loss in the usd would just strengthen btc and ultimately the btc market would act the same way as gold but maybe even better sense it's much easier to physically move a million dollars worth of Bitcoin than it is a million worth of gold. If Bitcoin is truly unhackable then it is here to stay and will have value in the same way that gold has value.
>>60923034nigga dai is backed by usdc by 40-60%. maker dao voted on this. i think it was around the time the one of the founders of maker dao ended up dead saying that jews are running a child trafficking ring in the caribbean. if they decide to pause usdc entirely or even just what maker is holding, it would crash the price of dai.>>60923471does it matter who issues it if it can be frozen, tracked and programed by jews?the only stablecoin that was free of jew control was ust on the luna chain. it had its faults and jew-bankman-fried,FTX and i suspect citadel-aka ken griffin finesed do kwon into unintentionally crashing it.if your stablecoin relies on usdc or usdt its not free.>>60926686idk about btc going to zero but the fact is that btc is a derivative of fiat and fiat is a derivative of pm's, theres a shit tonne of problems all over the place ready to crash these markets with no suvivors. btc+crypto being the tiny market it will have all the liquidity in it sucked out as kikes and boomers scramble to salvage anything they can.
>>60914461the US gov has the world buying its debt thanks to tether/circle etc.they will own bitcoin and the world will trade itthey may want for the end of this cycle before it truely gets going thoughthe genius act was the most genius thing the US has done in decades
>>60927847How is people buying circle = buying debt. Because dollar is debt and people buy usdc? So americans sell their debt for crypto
>>60914615hence "the great reset"its obvious stablecoins are just the way for kikes to siphon money out of the market.
