I really think Bilajis thesis is plausible even if it isn’t probable in the timeframe he has tossed out.
However, here is how Bilajis $1M Bitcoin price in 90 days could be accurate.
1. Unrealized losses from long term Treasuries at ridiculously low rates are held by many banks.
2. Stock prices fall as a result of these liabilities growing on banks balance sheets.
3. Falling stock prices create distrust in banks.
4. Distrust creates bank runs causing failing banks.
5. Fed tries to stop contagion with inflationary QE measures.
6. Due to inflation being severe still, Fed increases rates only intensifying the problem.
7. Smart money starts to exit banks into hard assets (Bitcoin being most attractive).
8. Bitcoin price starts to moon.
9. As banks fail and Fed keeps inflating currency, Bitcoin decouples from dollar and moons like crazy.
#bitcoin
#plebchain
bobby / Bobby
npub10c…k94en
2023-03-20 04:00:23
Author Public Key
npub10cnmvpgt7ppgzhlw8rpm359twwqz5yrjd5v06k8uelv9z4u359ss2k94enPublished at
2023-03-20 04:00:23Event JSON
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"content": "I really think Bilajis thesis is plausible even if it isn’t probable in the timeframe he has tossed out. \n\nHowever, here is how Bilajis $1M Bitcoin price in 90 days could be accurate.\n\n1. Unrealized losses from long term Treasuries at ridiculously low rates are held by many banks.\n\n2. Stock prices fall as a result of these liabilities growing on banks balance sheets.\n\n3. Falling stock prices create distrust in banks.\n\n4. Distrust creates bank runs causing failing banks.\n\n5. Fed tries to stop contagion with inflationary QE measures.\n\n6. Due to inflation being severe still, Fed increases rates only intensifying the problem.\n\n7. Smart money starts to exit banks into hard assets (Bitcoin being most attractive).\n\n8. Bitcoin price starts to moon.\n\n9. As banks fail and Fed keeps inflating currency, Bitcoin decouples from dollar and moons like crazy.\n\n#bitcoin\n#plebchain",
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