/biz/ - Business & Finance

Anonymous Mon Mar 11 13:00:21 2024 No.57948175 [View]
File: 44 KB, 474x632, neojak.jpg [View same] [iqdb] [saucenao] [google]

>5 billion Paolo casino coins minted in one week... That is totally normal, yeah. Since last October, 20 more billion are out. This money printing scheme has moved bitcoin from 29k to 69k.

For how long will Paolo be able to keep the 1$ peg going? Every time he prints another couple billion its USD reserves are becoming lower compared to the total coins in circulation. We can see the increasing price manipulations are becoming harder to achieve.

>What Paolo is doing is not very different to what Argentina did in the 90s and everyone knows how it ended up.

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