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NUTS USD PRINTING: Billionaire, Mark Cuban, FLIPS TO BTC BULL!

Dec 15, 2019 | Wealth Articles

The U.S. Federal Reserve isn’t good at doing much, but they’ve proven that they can do one thing really well: print up fiat money. They’ve committed to printing many billions of dollars into next year in emergency “repo” – all in the name of keeping the cash-poor banking system from collapsing.

Every time the Fed ramps up the velocity of their money-printing machine, it only makes Bitcoin look smarter and better in comparison. That’s just one of many reasons to expect the Bitcoin price to accelerate higher in dollar terms.

The facts all point to a U.S. dollar that’s in its final years as a store of value:

  • On December 31 and January 2, the Fed’s repo will be $150 billion.
  • By January 14, the Fed expects to print up and distribute at least $425 billion in these repurchase operations.
  • That $425 billion is more than three times the size of Bitcoin’s entire market cap.
  • The U.S. national debt is up to $23.12 trillion now or $12 million for every Bitcoin that will ever exist.

America’s central bank has a mandate to keep the banking system alive for another day – that’s all that matters to them. If they have to devalue paper money into worthlessness, so be it. It’s terrible for the average retiree holding dollars, as their purchasing power will be crushed. But it’s terrific for anyone who buys Bitcoin during this dip at the $7,000 level.

Celebrity multibillionaire Mark Cuban admitted that Bitcoin can be a reliable financial instrument because billionaires aren’t stubborn; they’re smart.

Courtesy: ZeroHedge

It’s a shame that America’s holding on to its deteriorating paper money and resisting cryptocurrency, especially since China is pushing forward as a major crypto-mining hub. China’s Bitcoin miners control a staggering 66% of the global BTC hash rate.

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In the world of digital assets, hash rate is everything: when a nation gains a foothold in mining activity, that’s a prime indicator of its ability to dominate the market.

China’s biggest mining facilities are located in the Yunnan and Sichuan provinces – and these account for at least 50% of the entire world’s cryptocurrency hash rate.

Globally, the Bitcoin hash rate has increased 80% since June, which is massively bullish for Bitcoin and for cryptocurrency, in general. Silk Road marketplace founder Ross Ulbricht has predicted that the Bitcoin price will reach $100,000 in 2020 – and given the Fed’s relentless money printing and crypto’s increasing global adoption, he could be right.

America can’t afford to allow China to win the battle for crypto domination so easily. On an individual level, the best thing an investor can do right now is to take a good hard look at the future of the dollar – and look to Bitcoin as the real future of money.

Best Regards,

Brad Robbins
President, PureBlockchainWealth.com

Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!

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Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Please read our full disclaimer at PureBlockchainWealth.com/disclaimer

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The possibility of a bear market in Bitcoin is now invalidated. BTC against the U.S. dollar snapped through $8,600 so fast that the media didn’t even have time to report on it. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/like-a-bumerang-bitcoins-back-the-mothership-sails-on/

The overnight futures market, which is more sophisticated and informed than the daytime retail market, is sending us a message right now: a Bitcoin bounce is coming and $8,000 will be ancient history. #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/death-cross-dollars-enters-bear-market-altcoins-could-fly/

In a time when China is reiterating its pledge to crack down on cryptocurrency exchanges while simultaneously promising to develop its blockchain technology, the key is to monitor your sources of information #Marketwatch #Yahoofinance #Bloomberg #wsj

https://www.pureblockchainwealth.com/2020-starts-with-bang-china-adopting-major-catalyst/

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