Tomorrow it'll be September - and although 'officially' summer ends at the autumn equinox which is September 22nd, for me the end of August and beginning of September has always felt like the functional end of the season.
Somehow, summer flew by. Didn't get much of what I wanted or expected out of it, but it did go by, and now we find ourselves hurtling toward Fall.
The recent Grayscale win against the SEC bodes well for an eventual spot Bitcoin ETF approval of some kind, many crypto industry watchers believe. Some also seem to think that the court victory may bode well for Litecoin indirectly, as Grayscale manages a Litecoin Grayscale Trust that is structurally very similar to its Bitcoin Grayscale Trust.
I still hold some Bitcoin and Litecoin and ether. I don't think the crypto revolution has been fully borne out yet, and so I remain uncharacteristically patient. It's either a ticket to the Colosseum, and will be glorious, or it's a gradually losing lottery ticket - I'm okay with either outcome.
Detached, essentially.
I certainly hope it doesn't happen, but an EMP that wipes out all electronics - including the Internet, smartphone use, and blockchain currency - would at least reward one's more traditional investments possibly, such as silver and real estate. I'd be able to get sustenance from those areas if the digital sphere were to vanish, but I don't think it will - there's too much money and influence and surveillance/control to be drawn from the Internet for anyone to be okay with it going down completely, for any long period of time.
Sort of like the Iron Bank in Game of Thrones, too many powerful interests stand to benefit from its continued operation.
If some post-EMP Mad Max hellscape is a genuine concern that you chew on when you think about end stage societal outcomes, then offline things like precious metals or real estate could help assuage those concerns - as they have for me.
Yet as I mostly believe in a strong Internet-connected future, and believe that to be the most probabilistic future, I'm mostly invested in blockchain currency rather than metallic currency.
If I thought Mad Max was inevitable, I'd probably be much heavier positioned on precious metals and other theoretically deliverable tangibles.
Yet whatever the fates and these heinous globalists throw at all of us - another pandemic, more lockdowns, pride-stripping hyperinflation of the dollar, more natural disasters, asteroid impact, etc ... in all of those outcomes aside from perhaps the asteroid, the Internet remains online and humming away. Which, in my opinion, almost seals crypto's fate as reluctant global victor, while everything else falls apart at the seams of fiat itself.
Onward,
D
Further exploring:
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https://amazon.com/author/davidseaman — Read “Sacred West” and the other original research books FULCRUM has released over the years!
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