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FHFA: Crypto is an asset

J Grant said:
The problem with crypto is its wild swings in value and or the ability to operate in the dark or backed by a criminal enterprise. One might dislike Biden, but Jerome Powell and Janet Yellen have strong bona fides. Whatever one thinks of their policies, they keep their nation's sovereign credit rating. Trump this term already owns the first downgrade of US credit. A flight from the dollar internationally would be disastrous.

Perfect, now the housing market is joining the high-stakes poker game run by the Gambler in Chief.
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The reason Bitcoin was created was due to the financial & real estate crisis of 2008. It now has a market cap of over $2 Trillion. The reason the pawns of the central banks, federal reserve and old money billionaire class hate and fear Bitcoin is because it’s a threat to their control. It’s bigger than Visa, Google and Saudi Aramco. It’s quite impressive for a “Ponzi scheme” as the corrupt geezer bankers and politicians like to call it.
 
I missed the cryto wealth didn't get it but luckily we dumped $100k into Nvda three years go so you can do the math and see how it's gone. Unfourtenate I only own 1/3 but still sizable.

A 21 year old kid was hounding me to buy cryto and he became wealthy in 5 years. He's the one who told me if you don't have the guts at least get on the slow AI train which then was Nvda.

No doubts the world is going to Crypto and Sovereign crypto. The dollars dead as is all paper money. A young person at minimum should have 10% in crypto and 10% AI investments or more.
 
glenn walker said:
I missed the cryto wealth didn't get it but luckily we dumped $100k into Nvda three years go so you can do the math and see how it's gone. Unfourtenate I only own 1/3 but still sizable.

A 21 year old kid was hounding me to buy cryto and he became wealthy in 5 years. He's the one who told me if you don't have the guts at least get on the slow AI train which then was Nvda.

No doubts the world is going to Crypto and Sovereign crypto. The dollars dead as is all paper money. A young person at minimum should have 10% in crypto and 10% AI investments or more.
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It's gone mainstream now. Some of the former Bitcoin haters are saying to put 2% in Bitcoin, some mild haters say to treat it like a tech stock and no more than 5%. It's interesting to see how attitudes have changed on Wall Street, especially Larry Fink, Blackrock now has the largest Bitcoin ETF and he used to HATE Bitcoin. The first time I ever heard of Bitcoin was in here when Big Ole Boy was posting about it 10 years or so ago. He got in very early and also got into Ethereum early. He hasn't posted in a long time, he probably owns half the state of Tennessee now. :)
 
Bobby Bucks said:
It's gone mainstream now. Some of the former Bitcoin haters are saying to put 2% in Bitcoin, some mild haters say to treat it like a tech stock and no more than 5%. It's interesting to see how attitudes have changed on Wall Street, especially Larry Fink, Blackrock now has the largest Bitcoin ETF and he used to HATE Bitcoin. The first time I ever heard of Bitcoin was in here when Big Ole Boy was posting about it 10 years or so ago. He got in very early and also got into Ethereum early. He hasn't posted in a long time, he probably owns half the state of Tennessee now. :)
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I hope he didn't drink it all...lol
 
Yeah once BlackRock was in and Fed's and Treasury designing our own I knew this was no longer a fad but becoming reality. Fortunes will be made or lost but if done right it's the long haul train to be on.
 
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