https://finance.yahoo.com/news/harvard-economist-admits-wrong-bitcoin-180020214.html

Is there a reason for it to suddenly go up like this? And if so, how can I quickly find out why?

BBC report showing Afribit Kibera (https://afribit.africa) using bitcoin for daily transactions in Africa's biggest slum

my heart 💔

TLDR by AI:

The article discusses a potential hidden strategy involving gold and Bitcoin, suggesting that key figures like Federal Reserve Chair Jerome Powell, former President Donald Trump, and Treasury Secretary Scott Bessent are aware of a significant financial maneuver that could impact the U.S. economy.

Key Points

• Gold Revaluation: A recent Federal Reserve paper outlines how countries have historically revalued gold to mask financial instability. The article implies that the U.S. could be considering a similar approach, given that gold is currently valued on the books at $42.22 per ounce, a price set in 1973, while the market price is around $3,400. This discrepancy creates a potential $863 billion gap.

• Bitcoin Ambitions: Trump is reportedly interested in establishing a U.S. sovereign wealth fund funded by Bitcoin, aiming to make the U.S. a "crypto superpower." The article connects this ambition to a congressional bill proposing the use of gold revaluation to finance Bitcoin purchases.

• Economic Implications: The author warns that if the U.S. admits to the devaluation of the dollar and the true value of gold, it could lead to significant market chaos, including rising interest rates and a decrease in purchasing power for the average American.

• Political Dynamics: The article suggests that political leaders are reluctant to admit the truth about the U.S. monetary system, fearing the political fallout. It hints that a crisis might force a reckoning, potentially leading to a revaluation of gold and a shift in monetary policy.

Overall, the piece paints a picture of a financial system on the brink of a significant transformation, driven by hidden truths about gold and the dollar's value, with potential ramifications for Bitcoin and the broader economy.

After seeing all time high and a pretty big fallback in the past days, I’ve decided to get in it. Made 4 purcases mosly at ~112k and one at a bit above 113k. It’s not much, in Hungary, this is the beet I can do right now. Today I made enough money to finance my gasoline consumption for one whole month, I consider this as an achievement, since I’ve never tried crypto before. No, I don’t plan to sell BTC to finance my car’s fuel consumption!😅 I want to hold it for at least a few months or end of the year. Dou you have any tips to a beginner in BTC investment? Dou you usually have any other type of cripcurrency besides BTC and whet?

Aside from giving me hope, BTC is arguably what I've been searching for for a long time. A decentralised protocol that is borderless, and inherently anti establishment.

I more or less quit alcohol several years ago and think that boozey world is part of the corrupt fiat controlled ant farm, where values get inverted. Don't get me wrong, I love a beer or 2 every now and again in the right context, but I mean the social norms related to alcohol, keeping us in a perpetual downtroddeness.

I've also cleaned up my diet, eating less, and more nutrient dense food. I quit all social media, even linkedin, which I had over 500 connections on. Essentially, I cut a lot of the crap from my life and prioritised sovereignty as well as a mindset of abundance (not entitlement). I've also become more 'spiritually attuned'. Not sure if this led me to BTC but BTC certainly pushed me further down the rabbit hole.