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22 sats \ 1 reply \ @0330830bf9 14 Nov 2022 \ on: Elon Musk Tweets “BTC wil make it, But Might be a Long Winter.” 11/14/22 bitcoin
I think he's right, the fiat price of Bitcoin is still tied to events in fiat clown world.
Change of house control will bring the debt ceiling into narrative, posturing about fiscal responsibility will be short term bearish. Since the fiat world is a scam, reality will set in sometime in the new session, where interest on the debt is greater than tax revenues.
Moon in the spring when it's finally sunk in that there's nothing that can be done to save the dollar.
The GBTC lawsuit is another wildcard out there, after the FTX debacle the regulators are now absolutely exposed. The GBTC ETF is likely going to be approved in the weeks surrounding the dollar capitulation.
We're in the darkness before the light, hodl on tight.
I’ll be keeping a close lookout on the GBTC debacle as well. Feel as if it is inevitable the regulators have been playing cat and mouse they know what happens if it does.
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