Politics Bitcoin will consume all world debt
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Couple of questions.
Is there any left?
Where's the best place to leave my debt so bitcoin can find it and consume it?
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For the right price, yes.
Leave it in your bank account, friend. Bitcoin will do the rest.
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US National Debts Rise To Historic Record US$36 Trillion - BusinessToday
The statistics of US Debt Clock on Nov 16 displayed US national debts at US$36 trillion1- 122.85% of Gross Domestic Product (GDP) and the highest ever in history. In January 2024, the US national debts stood at US$34.19 trillion, increasing by US$1.76 trillion to US$35.95 trillion in October...
www.businesstoday.com.my
Theseventhhamster
Brownlow Medallist
While updating the thread, I reckon you could add some extra words to the OP so that other people can understand whatever it is that this is doing.
It's like he has schizophrenia and thinks we can hear his thoughts.
Update
Bitcoin, much like debt and money in general only have value in the abstract, it's not real. A global debt jubilee would probably be a good idea at this point.
Bitcoins use case is drug deals, sketchy pr0n, and pump and dump schemes. Get out while you can Evie, enjoy a nice scotch and a Bali trip
Can you explain what consume debt even means and how bitcoin achieves that?
Are you referring to debt defaults or something else?
craffles
Brownlow Medallist
Aye OP, you still alive? Or did you hit the glass barby too hard over the holidays.
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7 figure BTC is inevitable.
www.zerohedge.com
US Bitcoin Reserve Is Possible, But Not Without Downsides | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Theseventhhamster
Brownlow Medallist
Still waiting on clarification on the consumption of world debt.
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There's no alternative other than bitcoin. Just a matter of time.
Theseventhhamster
Brownlow Medallist
You legit haven't figured out that your thread is unexplained nonsense? Have you acquired a holiday head trauma?
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People should avoid zerohedge.7 figure BTC is inevitable.
US Bitcoin Reserve Is Possible, But Not Without Downsides | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
I've been warning people it for a decade.
Mofra
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China holds more T Bonds than any other country in the world - and there is no mechanism for settlement of bonds/debentures in any other currency or tradeable asset other than the asset that was agreed upon at the time of contract.
Government debt exists in isolation to the movement of speculative assets.
Government debt exists in isolation to the movement of speculative assets.
so how do i buy bitcoin... i thought my fiat currency is worthless ?
Bitcoin will be studied for centuries as one of the greatest bubbles ever seen.
The demand for bitcoin (outside of criminals) is solely about capital gains (the hope that it could replace money is well gone). As long as there are reasons to expect demand to rise in the future then bitcoin may well keep rising. But eventualy those reasons for new demand potential comes to a stop and once it does the only reason to hold an asset is for dividends. But since bitcoin has zero dividends then everyone will sell all at once resulting in the price to fall to zero. It could happen within hours once the tipping point is reached. Probably a couple of years away given musk and trump are now in charge of the us.
The demand for bitcoin (outside of criminals) is solely about capital gains (the hope that it could replace money is well gone). As long as there are reasons to expect demand to rise in the future then bitcoin may well keep rising. But eventualy those reasons for new demand potential comes to a stop and once it does the only reason to hold an asset is for dividends. But since bitcoin has zero dividends then everyone will sell all at once resulting in the price to fall to zero. It could happen within hours once the tipping point is reached. Probably a couple of years away given musk and trump are now in charge of the us.
Well, maybe. But maybe not. It's like any currency or asset, it has value if people think it has value. Given the state of the world, there are a few governments whose currencies I'd think are more dubiously supported than bitcoin. So right now it's got value.
(Also, proper criminals don't use it, they use the more untraceable crypto alternatives.)
Bitcoin ain't currency though. It's an asset. And like all assets people demand it for either capital gains expectations or dividends. There are no dividends with bitcoin. So it's solely about capital gains expectations. And for capital gains expectations you need continuous expected drivers of growth. They eventually run out. Assets transition from growth phases to cash cow phases. But with bitcoin there is no cash cow phase. So the asset will collapse to zero.
Ghost Patrol
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Actually last time i posted it crashed 15 percent in a week. Not that it matters.
You must be loving trump and musk in the white house. They can keep pumping the bitcoin bubble for years.
Crypto is the financial tool of crooks, conmen and anti government libertarians. Nice group you associate with.
