Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

The Case of the Bankerless Bubble

 

The Case of the Bankerless Bubble

Courtesy of 

When I first started writing about and accumulating Bitcoin this summer, I had a vague inkling that at some point real money was going to start rushing in as it was “discovered” by the real money crowd. I’ve seen a few cycles by now and I have a rough idea of the cadence of these things.

By September, 10,000 points ago, I was sure of it (see: You can practically smell it in the air).

And now, the race is on. Wall Street is banging down the doors. There are meetings and events being held all over The Street to try to figure out a way in. One major global financial institution, I’m told by employees, has made “figuring out the custody issue” a top priority internally.

But here’s the funny thing – what if they missed it already? On the Gemini Exchange, the price of a Bitcoin just changed hands for over $14,000! We have a full-blown mania on our hands and Wall Street is still at the drawing board!

It’s the first ever Bankerless Bubble. And I’ve read all the market history books. There’s never been a phenomenon like this where the general public beats the Big Money in. It usually works the other way ’round – Wall Street pumps up a story, enriching themselves, finally retailing exposure out to the moms & pops when they’re ready to take profits.

They have no profits currently, because they own none of it. No one needed them to create it, promote it, trade it, package it, hype it, hold it, analyze it, manage it, custody it, store it, move it, leverage it or even talk about it. 

So either the banks missed it or we’re really just getting started. I have no idea, but I find the whole idea of a speculative bubble that moved too fast for the banks to be a delicious one.

The irony of it all is that the Bitcoin whitepaper sprung directly from the crisis itself in 2008. It was a reaction to the bailouts and money-printing that generated the idea and the Genesis block to begin with.

So does that make this karma?


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!