Bitcoin is sucking up trillions in liquidity.
My question is when bitcoin crashes do those dollars die or is this a massive wealth transfer?
is bitcoin a leading indicator of a lack of big institution confidence in banks?
“My question is when bitcoin crashes do those dollars die or is this a massive wealth transfer?”
It’s all vapor one way or another. After COVID shutdowns destroyed my business the only “investments” that I was able to make that paid off (though not as good as my thriving business pre Chomo Joe and Kung Flu lockdowns) were materials, machinery, and education. Sure I wish I bought bitcoins ten years ago. But I had to eat. I wish I bought every scrap of property before the californians invaded. I wish I wish I wish. ALl I can invest in now with the pathetic industry I am in, is health and more education. Government managed to take everything else from me. Aside from FIBs shooting me and my dogs they can’t really take away education and training.