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/biz/ - Business & Finance

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28085722 No.28085722 [Reply] [Original]

>the seventh largest company in the world has bought $1.5 billion of Bitcoin

my god...we're going to 400k by the end of the year aren't we

>> No.28085929
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28085929

>>28085722
Dan Held and Raoul Pal are right. It's going to be a 'super cycle'. It's not a repeat of 2017 but 2013 where there were two bubbles in a row, kek. Prepare to read about nocoiners and shitcoiners roping en masse.

>> No.28086023
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28086023

>>28085722
crazy volatility right now but I wouldn't be surprised if we hit 50k by the end of the day burger time

>> No.28086556

>>28085722
Yes just wait until velocity of money returns.

>> No.28086589

>>28086556
when will that happen?

>> No.28086688

>>28086589
Late 2021, that or total economic collapse.

So inflationary collapse or economic collapse is what's coming.
Eventually the inflation will reduce public sector wages so much that governments size will be reduced by the universe themselves and the system will reorder by itself.

>> No.28086855

>>28086688
retarded 10-30% inflation is coming i agree but a collapse seems too much anon don't you think. the money supply only went up by 25% from last year. don't be a doomer

>> No.28087520
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28087520

>>28086855
10%-30% is already here on assets since 2008, we are going to see 10% on food as commodities are going up.
The system could not tolerate 10% asset inflation and increase wages due to lack of unions or corrupt unions in western nations.

It's going to be a mess when you have 10% food inflation.

On 2008 there was asset inflation, unemployment and stable and then decreasing commodities prices.

Now high inflation in even food as commodities go up, high asset inflation , high unemployment , and DECREASING WAGES.

Literally wages going down while inflation goes up.
It's the perfect storm, the keynsians can't larp themselves out of this one.

>> No.28088013

"Only 25%" is most certainly underplaying the magnitude. True inflation is not the reported 2 or so percent we see y/y. Its much closer to the effect of 20%.

Food is always the first affected where volume per unit decreases. Then we see the actual prices increase. CPI is a joke where substitutional rebalancing is botched to stabilize the index.

Some 20 - 30 % of all dollar ever printed were printed in 2020. That M1 chart looks like a damn hockey stick anon

im swimming to new zealand

>> No.28088624

>>28087520
>>28088013
>t. schizo
the real inflation on everything except stocks is nowhere near 20%

>> No.28088744

>>28085722
Royal?

>> No.28089061

>>28087520
> schizo tinfoil rant
just take your daily pills, man