Notice how close that is to the S2F number for gold, which makes sense because bitcoin is fast becoming a major rival to gold as a safe-haven investment.”

CQ


Now, based on the history of the halving, current S2F analysis says bitcoin should reach $70,000 by — sometime around mid-2021 … Even if it turns out to be only half right, you could still triple your money.

CQ


The other two reasons Weiss Ratings’ analysts highlighted were “QE infinity” and institutional money flowing into cryptocurrencies. The covid-19 pandemic environment has pushed the Federal Reserve to print $2.9 trillion in new paper money in just 13 weeks, or about $22 million a minute, the analysts detailed. “By any measure, this is corruption of money on an industrial scale,” they exclaimed, predicting that investors will pour money into bitcoin and gold “as a safe haven when they lose confidence in paper money.”

Billionaire investor Mike Novogratz has also been saying that central banks printing record amount of money is the best environment for bitcoin.

The last major factor Ng and Villaverde focused on was the increasing interest in cryptocurrency among institutional investors, such as by Paul Tudor Jones who invested about $210 million of his own money into bitcoin. Grayscale Investments has been adding bitcoin to its Grayscale Bitcoin Trust faster than the rate of new coins being mined and recently, venture capitalist Andreessen Horowitz raised half a billion dollars to invest in crypto startups. The analysts opined:

The sheer weight of institutional-sized money flows into a small market like bitcoin can have truly explosive effects.

Just posted at pensionsafety.net

Curated from today’s Rich Dad Poor Dad Daily

The Next Crisis: Pension Crisis

July 13, 2020

I once heard a speaker describe the Federal Reserve as children, sitting in a child’s car seat, playing with a toy steering wheel. The baby has a lot of fun, making a lot of car noises, turning the toy steering wheel left and right while the shadow banking system steers the wheel.

Shadow banking is how the repo market operates. It all happens in the darkness at night after everyone has gone to bed and is over before everyone wakes up.

The metaphor of a baby pretending to steer a car is fitting. The Fed “steering” the economy” has caused crashes left and right, wiping out millions of jobs, trillions of dollars in wealth, and destroyed millions of lives.

I believe, that the next crash caused by the Fed will be a pension crash.

Public employee pensions have been in trouble for years. The major reason is that the ROIs, the returns on investment, or the yields, are low.

The next crash will happen when the public employee pension funds want to get out of the shadow banking system all at the same time. That is what happened in 2008. When that day comes, everything will crash. Stocks, bonds, real estate, commodities, even gold, and silver.

Unfortunately, the coming crash and possible depression will wipe out the pensions of millions of people, many of whom are Baby Boomers who are out of time. On the flip side: it will be the “sale of the century” for those who are prepared.

It’s tough to say what will trigger it. It could be anything, much like the single snowflake setting off an avalanche. It could be war, a trade war, a small country declaring bankruptcy and defaulting on its debt, or another wave of the pandemic.

It will be like yelling “fire” in a crowded theater. The burs of the pension bubble will look like a one-lane dirt road filled with hundreds of cars all trying to get out of town at the same time.

I’m concerned that the end is near. The biggest crash in world history and the next great depression maybe just one snowflake away.

So that begs the questions, what can a person do? How do you avoid getting crushed under the avalanche?

The good news is that when the next crash comes, it will be a great time for people, young and old, who have real financial education.

Did you miss the AMA with our devs?

Here's the recap! https://medium.com/@GhostbyMcAfee/ghost-devs-ama-recap-07-13-6e11a62c0fe4

Bisq v1.3.6 released

- better signed witness propagation
- increase suggested btc deposits
- implement payouts for security incident victims

release notes: https://github.com/bisq-network/bisq/releases/tag/v1.3.6

download: https://bisq.network/downloads/

URDemo: Animated QR Research from Blockchain Commons

> Explanation of the URDemo iOS application, which demonstrates Blockchain Commons research into transmitting different sizes of UR data, from small single QR codes to large animated fountain codes.

youtube: https://youtu.be/t-GGZ9FyuT8

source: https://github.com/BlockchainCommons/URDemo

Video from 2015 by the way...

Mark my Words: The 2020's will be a decade of massive, large-scale litigation as more and more discover that the judicial branch of government is the least subject to corruption. July 10: Vaccine group sues Justine Castro: https://www.lifesitenews.com/news/vaccine-group-sues-trudeau-government-for-draconian-and-unjustifiable-response-to-covid-19

PETITION: No to mandatory vaccination for the coronavirus! Sign the petition here.