The destiny for all Fiat currency is Zero.

Pay your debts,
Get a side hustle
Stack hard assests
Stack Gold, and #Bitcoin   ,

⚠️REMINDER⚠️

$SOL is a centralized FinTech company masquerading as a cryptocurrency to circumvent security laws.

You are gambling when you are in crypto, and tokens like $SOL. This is fine as pong as you understand that thia mindset is that of a gambler.

But if you're a gambler, it’s guaranteed you’ll keep gambling until you lose, so know yourself.

If you don’t know, you’re about to find out. Then you’ll come back to #Bitcoin       with less money, and be paying higher prices.

The Fed's Bank Term Funding Program (BTFP) introduced after the March 2023 banking crisis now offers lower borrowing rates than the Fed pays in interest on reserve balances.

So, banks arbitrage this by borrowing from the facility (the Fed) at one interest rate, and then depositing that borrowed money with the Fed to earn a higher interest rate, and thus are earning that risk-free spread.

They're arbitraging the Fed and the jokes on us.

Although a #Bitcoin ETF scares me, its a necessary double edged sword..

Let's "white board" this issue.

Blackrock, Fidelity, Grayscale, ARK and Valkyrie all met with the SEC about their spot #Bitcoin    ETFs a few day's back..

The momentum is tilting to inevitable, and the only question is what happens when $BTC enters price discovery mode.

If this is a cash-in cash-out product (a pump and dump attempt manipulation, similar to gold) what happens to all the #BTC    that #Grayscale hold? Does this force them to liquidate to fund their ETF?

Also, does this mean that anyone holding other financial products also need to liquidate & take the capital gains hit if they want in?

Hard to say, but with tens of trillions of investable assets being unlocked, at a minimum, just a 1% allocation would be hundreds of billions...

But this ETF is not bitcoin, its paper prododuct bet and infused manipulation... but it adds mainstream legitimacy and will motivate people to maybe spend 5 minutes actually researching it.

Well, as for selling one asset to buy another, that is just like any other ETF or security. Sell AAPL, buy IBIT, etc.

As for GBTC, I am unsure what the mechanism will be and I expect that is a main point they are working on with the SEC. But would love for someone with more knowledge to weigh in on that.....

My gut feeling is that its an elite attempt at manipulation to gain control... which won't work long term.

What do you think?

Leaked kickbacks from Ukraine that are known. The list is definitely far longer. If you need another reason for endless war, here you are.

The solution to this is very simple. Everyone wakes the fuck up, remembers that the government exists because we allow them to, and we all just veto by boycott.