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Do you think it’s a coincidence that Bitcoin, Litecoin and Dogecoin logos are the colors of gold, silver, and copper, respectively?
“Muh that wasn’t real socialism”
That’s cause socialism is impossible and doesn’t work. Society collapses and people starve before we even get to full socialism.
All this push for data centers for AI may be a cover for what is really Bitcoin mining expansion.
Maybe.
Keynesian economics basically boils down to:
“I’m scared you won’t spend your money so I’m gonna inflate it away to force you to”
I can’t believe how many people are convinced AI is this big thing 🤦🏼♂️
Literally, the second biggest scam of the century.
Fiat currencies are the first.
Litecoin will never be more valuable than bitcoin.
The good news is, there is a second best and that second best is exactly Litecoin.
Much of innovation in the 1800s was due to security.
Gold was kept at banks, and dollars were tied to gold. So raiding and pillaging became impossible, and people had to think of clever ways to make money.
That ended after governments became the pillagers.
Bitcoin brings this incentive back, as sound money that can’t be fucked with and security beyond the reach of any individual or institution.
The generation retiring is finding out fast that the generation they gave birth to can’t fund their retirement.
This was bound to happen eventually when savings were tied to real estate, instead of real money.
Next up, real estate crash. Got Bitcoin?
The US housing market is officially a buyer's market:
There were an estimated +57.9% more home sellers than buyers in August, the biggest gap on record.
This is up sharply from +52.1% the month before, which was the 2nd-strongest buyer's market on record.
This comes as the number of active sellers surged +3.9% MoM, or +57,958, to 1,534,918, the most since early 2020,marking the largest monthly increase on record.
At the same time, there were ~972,300 active homebuyers, the 2nd-lowest reading on record.
This brings the gap between active sellers and homebuyers to a massive 562,618.
As a result, 36 of the 49 major US metros are now buyer's markets, led by Nashville, where sellers outnumber buyers by +139%, followed by Miami at +138%, and Houston at +131%.
Historically low affordability is causing buyers to quit.
👀 $LTC
Insanity is trying the same thing over and over and expecting different results.
Thats why gold as the future monetary system would fail us again.
We have Bitcoin, Litecoin, and Dogecoin now. We no longer need gold.