43 percent
Bitcoin up over 43 percent in US dollar terms over the last month, with the ETFs judged a runaway success. Our money is changing - gradually, then suddenly.
First Hillary had kind things to say about it, now Trump is also warming up to Bitcoin and cryptocurrency — peer to peer money.
As of writing this end of February update, Bitcoin is up more than 43 percent against the US dollar — assisted by the massive inflows some of the leading Bitcoin ETFs are seeing.
Litecoin is starting to roar also.
It all makes sense, and feels long overdue — which puts me at odds with most people. I realized lately I’m not smarter than everyone else, but I do see the world quite differently. This is both a benefit and a hindrance.
To most people, the football game, or John Podesta’s latest climate change blog post, or whatever nonsense dribbles out of Nikki Haley or Trump’s mouth today — this is literally their God. National politics, notional elites, keeping in line with the demented herd is their modern faith.
No interest in metaphysics or first principles or actual firsthand encounters with spirituality, the average person is completely content to repeat what others have told him for most (if not all) of his lifespan.
“F your bitcoins,” was the stunningly complex take on today’s video from one viewer on TikTok.
These people just get left in the dust. No depth, no real skin in the game, just waiting for a Trump type to say something fun, or for Tucker Carlson to stir some trouble up, and not getting that what we are witnessing in markets right now is far more disruptive and populist than anything any one human elected leader can give us now, or in the future.
The only thing more surprising and fun than this crypto mega rally is the cattle-like unfocused anger of all those who deliberately missed out on it.
Our civilization says make the money, and you’ll have our respect.
No need for respect though, I would just like everyone to finish the job.
When Janet Yellen and Christine Lagarde are sobbing on television, so great has cryptocurrency become the central bankers can’t stand to wake up in the morning any longer to face their “customers” — at such a point, I’ll hang my hat up.
Jacob Rothschild couldn’t take the new order, apparently. He passed away at 87 the other day.
The 2020s will be a uniquely difficult time for these ancient fiat bag holders.
Onward,
D