ANR Founder: Bitcoin Boom to $63K Was From Incessant Printing of Fiat Money & Leverage Allowed Ie Margin
Telegram Post By Jamie McIntyre
ANR Founder:Bitcoin boom to $63k was from incessant printing of fiat money & leverage allowed i.e. margin
Whilst interest rates head up, then it puts an over reacting downward pressure on the price.
It’s been the world’s most successful investment, regardless of what happens. However, it’s got just as much chance of going to $250,000 as $0.
The blockchain technology is a key benefit – bitcoin was mostly a brand ambassador & a very successful one
For now, expect more downward pressure – but crypto isn’t dead & if it’s not bitcoin that outperforms again, it will be another one that overtakes it. I told my investor clients to get in when it hit $120, and many become millionaires and some made hundreds of millions.
Crypto will be a big part of our future -the question is will it be crypto for the people or a one world digital currency controlled by the criminals that control the fraudulent fiat currency. If we support fiat currency then we shouldn’t be bagging Bitcoin as one has always been devaluing and the other rarely.