This is the most bullish news I've heard all month. If you're not buying bitcoin now, I don't know what to tell you.
In the midst of an accelerating market crash engineered by the Fed, Yahoo Finance decided to frontpage some comments from billionaire Ray Dalio that bitcoin will likely be outlawed.
This is despite the president Biden appointing crypto-friendly individuals to important financial and regulatory posts, and those people saying that they can't outlaw bitcoin.
It's always bullish when someone who doesn't know what they're talking about tries to FUD bitcoin. Just look at the quote of this guy's remarks:
“Now, can they do it? Yeah. Now we get into the particulars. My understanding from people who are sort of in government surveillance is yes, they can understand they can track it. They can know who’s dealing with it. I don’t know, like, I’m not an expert on that. But, you know, there’s a whole way, is it private wallets? Is it not private wallets? How do you do this, this, and the other thing? I would suspect it would be very hard to hold up against that kind of action.”
— Ray "Moneybags" Dalio
I'm sorry; was that English?
Yeah, so governments can't ban bitcoin. They've tried. They fucking failed so badly that now they are basically coming out apologizing to their citizens about it.
Just understand that there is a concerted effort to keep the so-called "little guy" out of bitcoin. This is the most powerful financial and political tool we've had for generations, and your family's future generations will hate you if you don't stack as much as you can now.
By the way, it's mathematically impossible for all of the world's current millionaires to own bitcoin. Too much of the supply has already been bought up. This means bitcoin will cause a fundamental shift in wealth across the world over the next few years. Of course people in power are going to be scared of that. You shouldn't be.
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