FYI

 

Bitcoin, crypto soar, decouple from stocks as Russia-Ukraine moves from bad to worse

"However, the move to sanction Moscow – including shutting Russia out of the SWIFT global financial system – appears to have triggered a sentiment shift in favor of crypto. Among some crypto investors, a theme has emerged arguing a government-led financial crackdown is boosting the advantages of the more decentralized digital token sector.

“The Ukraine-Russia situation has caused significant financial upheaval and individuals, businesses and indeed government agencies – not just in the region but globally - are looking for alternatives to traditional systems,” said deVere Group’s Nigel Green, citing mounting financial chaos within Russia that’s affecting everyday citizens.

“As banks close, ATMs run out of money, threats of personal savings being taken to pay for war, and the major international payments system SWIFT is weaponized, amongst other factors, the case for a viable, decentralized, borderless, tamper-proof, un-confiscatable monetary system has been laid bare,” Green wrote.

“And as alternatives, such as crypto, prove to be credible and workable, the dollar’s reserve status could, ultimately, be in jeopardy,” he added.

We are hastening our own demise.

Oh...and:

FYI

(Posted TUESDAY, MAY 5, 2020) 

"Coronavirus-induced lockdowns have caused central bankers and policy makers to go further and move faster than ever before, pushing some toward alternatives, such as bitcoin, a cryptocurrency."

(New economic system anybody?

There's your 666 on the horizon right there.)

"The Oracle of Omaha, Warren Buffett, who's previously branded bitcoin "probably rat poison squared," told Berkshire Hathaway shareholders the coronavirus pandemic could have an "extraordinarily wide" range of possible outcomes."

A severely weakened U.S. banking system—

potentially leading to a bitcoin and cryptocurrency adoption spike—

is one coronavirus outcome that even Buffett might have missed."

It won't be a spike .

It will be world wide adoption eventually.

Count on it.

Bonafides

bo·na fi·des

/ˌbōnə ˈfīdēz,ˌbōnə ˈfēdāz,ˈbōnə ˌfīdz,ˈbänə ˌfīdz/

noun

a person's honesty and sincerity of intention.

"why would you cast aspersions on my bona fides?"

INFORMAL

documentary evidence showing a person's legitimacy; credentials.

plural noun: bona fides; plural noun: bonafides

"are you satisfied with my bona fides?"