The Fiat Dollar is Collapsing. The Case for Bitcoin & Crypto
The biggest economic crisis since the Great Depression is upon us.
World stock markets are a bloodbath — the US S&P 500 saw the biggest drop in history
Now global currencies are feeling the pain…
The Australian dollar dropped to its lowest level for 18 years and now, people are rushing to get their hands on US Dollars and scarce assets.
FACING another familiar crisis brought on by greed and crony capitalism, there has been a push to get away from traditional financial assets — to something new, exciting, and fair. The recent growth of Bitcoin and the digital asset class shows a hunger and an appetite for innovation, and investors are taking notice.
Smart money has started to diversify.
We have launched an online webinar to help investors like you understand in detail… why Bitcoin and crypto are key to solving the economic puzzle enveloping us.
The shift has already started to happen. New Bitcoin addresses holding the digital currency has just reached a new all-time-high, even in the midst biggest economic crash since the Great Depression.
Investors have realised they’re seeing the downfall of our financial system and how fragile it really is right now, which explains the X% growth in Bitcoin’s price.
People don’t want to miss out on the opportunity of a lifetime!
Now, when you spend as much time looking at markets as we do, a recession appeared a sensible prediction — foreseeable even, but a depression (which looks likely now) …was worst case scenario.
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This is why we’ve been running events about this for the last 12 months! The title of our events last year was — Are your investments recession proof?
So, what happened?
The global stock market bubble popped after the longest US bull run in history and the corporate debt bubble may be about to go.
COVID-19 was the “black swan” that the system was just not designed to handle, that’s why BLACK SWAN events are impossible to anticipate — but you can mitigate your risk and it’s something we have been passionately instilling in our clients.
For years we have seen that the FIAT monetary system, meaning “money” deemed legal tender by governments, is just not up to scratch in 2020 and in a crisis of inflating currencies, it would all come crashing down…
It’s not going under overnight but it’s being stress tested and the fallout will be severe.
We have been covering this for years at our free courses and it has best placed our clients to weather the storm.
Our free webinar will help illuminate what happens in the future and what you can do with your money now that will be have your best positioned for the next 12 months.
Things that were unforeseen:
1. That a pandemic would halt the flow of physical cash around the world. Contactless payment becomes the standard — increasing awareness and adoption for digital currencies.
2. While Bitcoin and crypto are widely seen as the future of money, no-one could foresee a scenario where central banks willingly print trillions of dollars daily and boast about having “infinite amounts of money”.
3. A demand shock and a supply shock on a global scale. When the world’s factory, China shutdown overnight, supply chains were thrown into chaos.
4. A slow but deliberate shutdown of entire nations effecting nearly every single revenue generating industry. Debt laden corp. and small businesses are forced to dismiss entire workforce’s — many without savings or means to pay bills.
Governments will print money to put in the hands of the people to pay the bills. It will become an addiction and it will lead to hyperinflation.
Bitcoin was built for this moment
So, where to now, & why Bitcoin?
Monetary policy is simply out of control and we don’t think anyone knows how to fight the gravity of looming hyperinflation. The sheep will go with the flow but it’s time to break that cycle.
The largest economy in the world has the printing press on speed-dial to fight COVID-19…
But the pandemic has shown everyone just how sick the economy was all along, and that it never healed from 2008
We think it gets worse and we need a new solution
0% interest rates will be par for the course, and we’ll more than likely see it soon in Australia.
This is likely to extend as the crisis deepens — and creating new fake money (Quantitative Easing) is now Unlimited according to the Federal Reserve.
Those who control the flow of money think turning the printer on 24/7 will shoo the problem away.
It won’t. In fact, it’s already doomed to fail.
Zimbabwe tried this and the state of their economy is not a model citizen. Now imagine this happening on a global scale. Is the US on course to replicate the worthless 100 Trillion notes found in Zimbabwe?
As crazy as it sounds — YES!
There must be another option.
There IS, and it was invented in the wake of the last economic crash. It was an invention called Bitcoin.
Bitcoin is so attractive going into an inflationary environment because it is finite.
It is borderless, easily transportable through quarantines and lockdowns, it is censorship resistant and can be used as a store of value and payment by anyone with a smartphone.
And…in just one month the supply of new Bitcoin to market is cut in half.
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