Sunday, December 27, 2020

Market cap equals the total of all central banking seigniorage taxes

Bitcoin Tops $28K for 1st Time, Hours After Crossing $27K; Market Cap Now Exceeds $500B

This was my theory.  

Bitcoin holds the current collection of central bank taxes during the hedge period, after which the Fed taxes go directly to Soros and the hedge funds.  A disaster we get when the central banks attempt the trilemma.

Powell and Janet know they are stuck in the loop.  Shutting down government is the best response.  Getting governors to have clues is another est response. Keep the Swamp shut until the governors get two more clues and we have it.

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