Tuesday, December 12, 2017

Bitcoin Bubble

Some are saying that Bitcoin is the biggest economic bubble since the Tulip mania in 1622 Holland.  Real or exaggerated, the point is, that many on Wallstreet are warning that  the exuberant Bitcoin market could suddenly and spectacularly collapse as quickly as it was inflated.  Jamie Diamon, CEO of Goldman Sachs, has predicted that governments already use digital currency and blockchain technology, but that Bitcoin and other crypto-currencies are unregulated and eventually governments will step in and restrict this market because of its potential illicit uses.


I really have to ask, why when Silk Road was shut down in 2013, why Bitcoin wasn't clamped down on then.  The question that Wallstreet is asking, is not if the Bitcoin balloon will pop, but when, and how it's collapse will affect the economy in general.


http://fortune.com/2017/12/10/deutsche-bank-bitcoin-crash-risk/


I believe the globalists created Bitcoin.  But regardless if they did or didn't, I am sure they are looking for an excuse for the western economic fiat currency system to collapse in a way that doesn't result in the finger of blame getting pointed in their direction. Bitcoin just may give them that excuse. In the setting of financial turmoil and a UDS collapse, I think Jamie Diamon is setting himself up to run for president in 2020.

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