Peter Thiel Thinks $60,000 Bitcoin Is A Sign Of Political Instability
Peter Thiel's a really good investor and while I don't subscribe to his political views, I do agree that the fact that Bitcoin is back at $60,000 means that people are hedging against potential instability from the Fed and also the debt ceiling.
You can read more about his views here: https://markets.businessinsider.com/news/currencies/peter-thiel-bitcoin-60000-report-us-political-system-unsustainable-cryptocurrencies-2021-10
There was this really other good interview that I watched on the Lex Fridman podcast about how Bitcoin is a Trojan Horse, that once you have it, it takes the power out of central banks and other institutions that are open to corruption.
The example given was North Korea. Sure, they may be making hand over fist with some of their schemes now but over time, as more people there get Bitcoin, the regime's grip over them will wane. It sounds like a good theory at least but whether it pans out that way remains to be seen.
Also mentioned during the podcast was a
Could have used leofinance.io to post this. Benefits are, you have more than using the tag only.
Yes, it would save on the tax. I don't make much on the posts so I'm a bit lazy to switch lol.
It's always been a sign of failing monetary policy
Yeah he is always banging on about instability when there's a democrat in power. Apart from Bitcoin his other crypto ventures seem pretty bad for any ordinary investor trying to follow.