Lol, i get personally addressed how many times in that post? I'll take that as a compliment.
I have other stuff to get on with and we're not exactly covering anything new here so I'll keep this brief.
Firstly, as I pointed out to you previously, you haven't predicted anything here. It was clear what was going on with this Biden administration long before you made your 'prediction'.
Next, Binance is getting its wings clipped. There's good and bad in that. I'm no fan of CZ. I'm no fan of sh*tcoin casinos. Note that BTC unit price didn't even flinch. In fact, it's gone up. JPMorgan came out the next day and said that it was good for the space. I'm no fan of JPMorgan but I agree with them. There's been a lot of uncertainty hanging over Binance over the past 12 months. And lets flip back to predictions - you said that it was going to continually disintegrate in price. That's not what we've seen. What we've seen is that its been incredibly resilient and that resilience has battled through it all - we're still in the high rates environment that you predicted as the end of days for bitcoin.
However, it isn't playing out as it is right now because we have caring, soft n' cuddly politicians in the US. This is being set up for TradFi. A BTC ETF is inevitable at this point and its likely no more than 6 months away. I don't expect that to have immediate results as some predict. I suspect it will be a slow burner - but those building blocks (all the infrastructure necessary) continue to be put in place for institutional use of this asset.
And its a global asset. Why is that important? Well, while Biden foolishly let Pocahontas (Elizabeth Warren) run policy relative to crypto, every admin has its day. Yes, the US remains the most important financial market but there's plenty of hay to be made in Asia while the yanks fumble. And the Asians (and Emiratis) are taking that opportunity via Hong Kong, Singapore, Dubai & Abu Dhabi.
As for Tether, firstly I'll remind you that I was the first person to ever present with concerns about Tether on this particular forum. If there's anything rotten at Tether - then lets have it out. I'm down with that. In that eventuality, it will certainly be the mother of all kicks in the whotsits for the bitcoin market. It will put my timeline for a positive outcome in our little wager back about 2 years (although still well within the 2030 limit). However, what you have continually failed to appreciate is that BTC the asset and its network are unblemished. All we've seen is bad centralized actors around the edges. BTC will overcome all of that nonsense and in the longer run, it will be all the stronger for it.
I have other stuff to get on with and we're not exactly covering anything new here so I'll keep this brief.
Firstly, as I pointed out to you previously, you haven't predicted anything here. It was clear what was going on with this Biden administration long before you made your 'prediction'.
Next, Binance is getting its wings clipped. There's good and bad in that. I'm no fan of CZ. I'm no fan of sh*tcoin casinos. Note that BTC unit price didn't even flinch. In fact, it's gone up. JPMorgan came out the next day and said that it was good for the space. I'm no fan of JPMorgan but I agree with them. There's been a lot of uncertainty hanging over Binance over the past 12 months. And lets flip back to predictions - you said that it was going to continually disintegrate in price. That's not what we've seen. What we've seen is that its been incredibly resilient and that resilience has battled through it all - we're still in the high rates environment that you predicted as the end of days for bitcoin.
However, it isn't playing out as it is right now because we have caring, soft n' cuddly politicians in the US. This is being set up for TradFi. A BTC ETF is inevitable at this point and its likely no more than 6 months away. I don't expect that to have immediate results as some predict. I suspect it will be a slow burner - but those building blocks (all the infrastructure necessary) continue to be put in place for institutional use of this asset.
And its a global asset. Why is that important? Well, while Biden foolishly let Pocahontas (Elizabeth Warren) run policy relative to crypto, every admin has its day. Yes, the US remains the most important financial market but there's plenty of hay to be made in Asia while the yanks fumble. And the Asians (and Emiratis) are taking that opportunity via Hong Kong, Singapore, Dubai & Abu Dhabi.
And there it is ...that AAM boomer arrogance that I first found on this topic on this forum back in late 2017. Anyone worth listening to would never talk in absolutes. Your wager is far from in the bag! - most especially because what you or I think or believe doesn't control the outcome. Additionally, you have a short memory. I recall a previous wager expressed with exactly the same certainty on your part re. the outcome - where you went missing for six months after your 'thesis' on that occasion failed. You'd imagine that would nurture a bit of humility re. your future predictions but evidently, that's not the case.
As for Tether, firstly I'll remind you that I was the first person to ever present with concerns about Tether on this particular forum. If there's anything rotten at Tether - then lets have it out. I'm down with that. In that eventuality, it will certainly be the mother of all kicks in the whotsits for the bitcoin market. It will put my timeline for a positive outcome in our little wager back about 2 years (although still well within the 2030 limit). However, what you have continually failed to appreciate is that BTC the asset and its network are unblemished. All we've seen is bad centralized actors around the edges. BTC will overcome all of that nonsense and in the longer run, it will be all the stronger for it.
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