Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.

Monday, November 4, 2024

Democracy may end

 I am an independent voter, I support the US Constitution.  Democracy is based on power comes from the people, not a single individual.  With that said if we choose to end democracy, I will not stand in the way of the will of the people.

Dramatic? Ill check back in 2028.

If Trump wins, America will be torn to shreds  by 2028.

Buckle up.

https://youtube.com/watch?v=BP6_cI5UUZg&si=AVTVuVxG9VahED0v


Sunday, November 3, 2024

Bitcoins end game


Using the history of Bitcoin as a guide, it will continue to go higher up towards $1 Million a coin.  

There are events that can change this trajectory, such as a "new better bitcoin".  One potential is the FED releasing USD blockchain.

How can you tell if the trend is dead?

There is a bitcoin "power law theory" that illustrates the price of bitcoin over the last 15 years:
https://giovannisantostasi.medium.com/the-bitcoin-power-law-theory-962dfaf99ee9

According to this graph between mid 2025 and end of 2025 we should see a near term peak of bitcoin of ~$150K, with a pullback to ~$95K.

If you see bitcoin break below the red line, I expect bitcoin to enter a freefall, simply because big money will be watching the bitcoin trend over the last 15 years and recognize something has changed.

https://charts.bitbo.io/long-term-power-law/

Based on this, it is reasonable to consider selling a coin in the blow off into 2025, maybe ~$145k.
Good luck!