The title takes a small excerpt from a few words used by the founder of Social Capital, Chamath Palihapitiya, in response to various criticisms that have been taken from characters such as Buffett, Munger and Gates. Truly some characters that already by their trajectory we know the size and history of disqualification towards cryptocurrencies, especially Bitcoin (BTC).
Specifically, the full comment indicates that, despite its successful trajectory in the stock market, things are coming to an end and many of the branches evolve, including technology, so this type of topic "is out of its scope circle of competence ". And certainly the alternative assets are setting a different and interesting position with everything that is happening in the world.
And part of this certainty comes from indicators that establish a distance between fantasy and reality, as we are seeing in the trade deficit in the United States. A more detailed relationship reveals an inverse effect between the amount of money invested and the commercial index, an overprinting of empty money produced from nowhere and that is only strengthened because it is still used as exchange currency in the markets of products and services.
It is imperative to emphasize that the "competition" is great for them even though they know that the digital Yuan will soon enter the scene and it would not be unreasonable to think of an association with BTC, because the ultimate goal is not to mark a digital milestone but to finally snatch that position. of privileges that the dollar has and that governs without any kind of productive vision.
The scenarios are clearly known, it is acting under nothing new policies, a QE already more than questioned and that does nothing but increase the rally of alternatives such as BTC and cryptos in reaching adoption speeds that exceed 10X or 100X.
If we return to the central theme, Palihapitiya's comment focuses well on how these nuances of opinions do not reinforce anything and only misinform. The current solutions of the dollar block economies should not aspire to more than what the printing machine can already offer. The delegation of value is suggested in the dust with these policies and does nothing more than bring the path of termination closer. Of course Europe is not far from these scenarios.
A key point of BTC is that its understanding is simple, it plays with the rules of value generation applied to so many other assets, hence its competence to be defined as a new gold 2.0. There are still unbelievers who do not criticize out of ignorance, on the contrary, by cunning they handle these lines of discredit to be able to attack a good entrance. The more criticisms are made, the more feasible will be your prolongation of gain.
There are analysts who indicate that China will be the only power to avoid the recession, I simply think that those who benefit from the advantages of hard assets, including digital ones, will be able to see how not only this financial situation is avoided, but that a momentum towards the true new economy. This if it begins to be our competition.
This information is your own content and there is no room for plagiarism. You can also find this article on my Publish0x blog under the following link at the end of this paragraph.
