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13 sats \ 1 reply \ @nkmg1c_ventures 22 Jun 2023
I think it was just to raise his profile
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0 sats \ 0 replies \ @badabing 23 Jun 2023
Seems quite the attention seeker.
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0 sats \ 1 reply \ @faithandcredit 22 Jun 2023
the timing seemed odd, he was extremely bullish when others didnt seem to be. but still
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100 sats \ 0 replies \ @fiatbad 22 Jun 2023
Wasn't it right at the beginning of the bank failures? The timing seemed perfect, to me.
If the Fed & Treasury started the big bailouts that they've done before for banks, then we would have seen a bigger rush into Bitcoin. People underestimate how scarce Bitcoin is and how fast it could move with just a tiny bit of demand. Bank failures were driving people to seek out alternatives.
The Fed was able to concoct a plan to do smaller bailout, which they denied even was a "bailout". It was, it just wasn't as large as Balaji probably anticipated.
The day is coming when the Fed will have no choice but to print huge amount of fiat in order to prevent a massive collapse. That's the day Bitcoin will run from $20k to $1M in a very short amount of time.
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