Fuel for the Bull Run \ stacker news ~econ

1035 sats \ 31 comments \ @TomK 10 Mar econ

Anyone wondering where the money for a real bull run on the equity of Bitcoin can ultimately come from should take a look at the development of money market funds. A massive amount of capital continues to flow into these low-interest securities with seemingly top credit ratings. The fiat system has managed to disguise the credit risks and successfully place the new short-dated government bonds on the market.

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87 sats \ 19 replies \ @siggy47 10 Mar

Old people still love these things. It's as if inflation was < 1% per year.

189 sats \ 17 replies \ @TomK OP 10 Mar

I just had a conversation with someone from Germany who bought bitcoin for €500 a few weeks ago and is now annoyed that he only made 40%. i have no idea about money at all, there are much better coins on the market. it's exasperating, people here in europe really have no financial education at all.

20 sats \ 16 replies \ @siggy47 10 Mar

That's unbelievable.

63 sats \ 15 replies \ @TomK OP 10 Mar

and I've talked to at least 20 people about the introduction of ETFs and about possible banking crises etc etc-no one is getting the point here, it's all about climate change

132 sats \ 14 replies \ @carlosfandango 10 Mar

People don’t care. I thought it was ignorance of complicated finance terms now I believe it is a head-in-the-sand response. They sort of know and they don’t want to be reminded of it. .

Climate catastrophe or ‘the illegal invasion of blah-blah….’ Are certainly buzz terms in the EU at the moment

21 sats \ 9 replies \ @TomK OP 10 Mar

And Putin.... But I think it's a mixture of stupidity and ignorance. And the unchallanged believe in the omnipotent state.

85 sats \ 8 replies \ @shado_op 10 Mar

I am increasingly of the view that btc adoption in the US and Europe (not just the EU) are/need to be completely different things. Ok, hear me out... The belief in collective solutions, the benelovent State, the social democratic model, despite experience to the contrary, is deep rooted. (Eg the UK's NHS is falling apart but try saying so! The Euro has demolished the economies of Southern Europe, but again, try saying that and people look at you with concern). We need a different argument over here; that focuses less on the individual, and more on the collective benefits.
Appreciate many BTC OG's in the US are probably spitting out their morning coffee at this idea. But Europe isnt the US and the same arguments simply dont work. For example, and this is off the top of my head; ...The euro, pound, kroner etc can be forged. And they are. But BTC is backed by a community running computers built on cryptography and maths. They all verify one another's transactions. This community works in everyone's joint interest. Unlike the euro, pound, kroner etc, no one has ever forged a bitcoin and got away with it ...

31 sats \ 1 reply \ @shado_op 10 Mar

Btw, agree on the money market funds. That money is just waiting for somewhere to go...

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36 sats \ 5 replies \ @TomK OP 10 Mar

yes, you're absolutely right about the difference in mentality. i myself also feel almost completely alone as a libertarian. But imagine if you had to discuss integrating Bitcoin into a pension fund with these people. I can't imagine that we could build any kind of rational bridge to these people

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21 sats \ 3 replies \ @Fabs 11 Mar

I'm with ya on that: people simply don't care until there's another bull run and hear about that guy in the family that does own some bitcoin; he's suddenly more popular than ever in the family. I'm talking from recent experiences.

They could've been up there with me, but nooo, I don't know what I'm doing, yeah right.

20 sats \ 2 replies \ @TomK OP 11 Mar

At the beginning of the last cycle, I talked my tongue to my German friends. One of them saw Bitcoin as a casino and is now complaining to me that the 500 euros he invested only yielded a 40% return. It's unbelievable, but the majority of Europeans are communists at heart. That's why they have such a problem with freedom technology like Bitcoin. They will vehemently oppose it to the last moment and defend everything their rulers tell them to do.

21 sats \ 1 reply \ @Fabs 11 Mar

Fuck them, more for me.

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105 sats \ 0 replies \ @carlosfandango 10 Mar

And antiquated financial planners still push these as ‘part of a balanced portfolio’

100 sats \ 2 replies \ @TomK OP 10 Mar

Found this one: USD6.3T in MMF... this will be THE wave

46 sats \ 1 reply \ @BlokchainB 10 Mar

Doing nothing and seeing your fiat balance go up is the ultimate dopamine rush. Especially if you have a ton of cash. Plus it comes with the security that you have zero risk of losing anything to the down side. I honestly think once the volatility of BTC goes away to the down side the. You would have to be an absolute fool to keep cash parked in these money market funds

50 sats \ 0 replies \ @TomK OP 10 Mar

Yep

21 sats \ 5 replies \ @Coinsreporter 10 Mar

What do you say about the long term prospects of these flows? Are they indicating towards a good times for the next decade or so? If not, why people rushing behind short term 'security'.

1 sat \ 4 replies \ @TomK OP 10 Mar

i have the impression that this is dumb money chasing opportunities. the recent rise in interest rates coupled with disinflation may have contributed to this movement. But that doesn't mean it will stay that way. I can see this money moving further out on the risk curve very soon

0 sats \ 3 replies \ @Coinsreporter 10 Mar

You mean these dumpster are like frogs only coming out while it rains. They will always appear and disappear.

1 sat \ 2 replies \ @TomK OP 10 Mar

These are the typical bag holders and the end of each credit cycle and people that do what the banksters and their salesmen tell them.

0 sats \ 1 reply \ @Coinsreporter 10 Mar

So, the bags are the real reason, I guess.😜 I am gonna be buying more bags now.

0 sats \ 0 replies \ @TomK OP 10 Mar

Yes, buy btc bags as much as You can!

0 sats \ 1 reply \ @Satoshis_Code 10 Mar

I am stacker poor. Lol. Its now 100 sats to make a post?! What happened? Lol... thristy

0 sats \ 0 replies \ @TomK OP 10 Mar

It's the spam filter to avoid falling down on 'X' level