I believe this is an ongoing planned pressure tactic against the dollar by China and the US is definitely feeling it. China could be burned how, as this is an economic war? The pressure put on by China to is sphere countries and promises of support to others continues and is accelerating. I’m saying most all leadership in the US can’t address our ballooned debt crisis, ongoing deficit spending and now inflation conditions, with the higher per hour labor component not retreating, but in many areas, increasing due to qualified people shortages. Imagine now the expansion of robots replacing human jobs, as in England by Amazon where legal action is being discussed against Amazon…well as robotics moves on the theory goes there will be a decline in labor costs, then who is going to cover their living costs…as human jobs start diminishing…the tax payer and oh yeah, the dollar. Who do we get it on with and destroy next, the robotics companies, Chat GBT (Microsoft) for taking over millions of future jobs in customer service and so forth or all that advance this type of technology? It’s like saying I’m going down to the water’s edge and shooting a gun into the lake, ocean or pond and saying “there you go, don’t screw with me and leave my dollar alone!” Well, the water being the de-dolarizatoin battle, didn’t change because aside from this metaphor, China and the US are locked in a financial and other serious situations affecting the dollar and all of us, as we know. What we don’t know is the outcome and the resulting decline and mismanagement by Washington of living within its means and massive debt reduction, doesn’t seem likely at this point. So I like Bitcoin for those and other reasons. Wait till interest rates get reduced due to economic fear by the Fed, a couple Bitcoin halvings, more bank collapses or forced mergers, BRICS pushing harder on de-dollarization, our military buildup and debt interest costs spiraling north and much more…think about it! I believe Bitcoin will be much higher over time and this is history repeating as it worked in gold/silver. That’s an economic set of comparable events for another discussion. I agree with you as to higher!
It’s just the when…that’s why charts are useful as to breakout and support lines, not just flipping… that was for you Now!
Best of the Weekend for You All!
Go Kings Go!!
AI
