Cryptocurrencies have just smashed through the half-a-trillion dollar market capitalization level.
One year ago the total market cap of all cryptocurrencies was $14 billion! And, it was only on June 6th that they first broke through the $100 billion level… and now they have just broken through $500 billion.
Are we witnessing the death of the traditional money, finance and banking industries in real time? Now that we are talking in the trillions when it comes to cryptocurrencies you can definitely make that case.
And, now, we are seeing two worlds collide.
People have begun to take out second mortgages to buy cryptocurrency.
The word ‘mortgage’ is French in origin and literally means “death-pledge” which is accurate considering that many people end up paying for it nearly right up until their death.
Ironically, it’s possible that by taking out another death contract, people may be able, for the first time, to break free from the shackles of debt by using that equity to invest in a decentralized currency.
You can bet that the lenders probably never expected that to happen!
The interesting thing about this is that it is only made possible because of the inflation of housing prices by central banks!
Central banks have reinflated the housing bubble since 2008, meaning that the numerical value of homes has gone up. This is why the homeowners are able to refinance or take out new equity lines. The only difference this time around is that people are investing in something that may finally get rid of central banks altogether!
These are interesting times to say the least!
Here at The Dollar Vigilante, we definitely aren’t recommending people mortgage their homes to buy cryptocurrencies. But it is interesting to see how those who have done so have fared.
Like this family who sold their home to buy bitcoin in October when bitcoin was trading at less than $5,000.
Their home sold for 85 bitcoins, worth about $400,000 USD at the time.
Today those 85 bitcoins are worth over $1.3 million. Not too shabby for a few months of camping!
It is nice to see people gaming the central banking system to make profits and, at the same time, speed up the process which could end up with the death of central banking and big government as we know it.
I’d advise people to be cautious though. As I pointed out yesterday in my article, “The Globalist Plan To Blame Bitcoin For Biblical Level Collapse In 2018”, the globalists will try to do everything they can to stop this evolution in money and banking.
The Health Ranger is back, after having warned people, “Health Ranger warns: Bitcoin collapse now under way” when it was $1,800 in July, this time he says that bitcoin was created by the US government.
He pulled more stuff out of his ass to say, “Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency”.
We actually generally agree that the globalists will try to destroy bitcoin and force people to use their own cryptocurrency. But, he tries to make the case that bitcoin was created by the government itself… which would mean one of two things.
1.) It was created by the government and central banks and has backfired on them massively creating a situation where they sit on the cusp of extinction.
2.) They actually created the very thing that can destroy their entire system with the hopes to later co-opt it and then hope to destroy it to bring in their own cryptocurrency
I don’t think either is the case and certainly, #2 would be insane for them to do… but that is what the Health Ranger is positing.
But, it doesn’t really matter what the original intent of bitcoin was. The fact is that it is changing the world dramatically in just eight short years since its invention.
On January 3, 2009, the first event on the bitcoin blockchain occurred. Its founder placed an important notation indicating the true intent behind what he had just created. The London Times ran a cover story entitled “Chancellor on Brink of Second Bailout for Banks”. This title was quoted and embedded into the very first transaction ever to be included in the new bitcoin blockchain, by Satoshi Nakamoto. The block containing this transaction was called The Genesis Block.
Nearly nine years later and what a difference! Instead of the front cover of The Times being about the bank bailouts during the financial crisis (which will likely happen again soon - probably in 2018), now the front cover of The Times a few days ago stated: “Bitcoin Bonzanza Takes Hold Of World Markets”.
Hang onto your hats in 2018. It’s going to be a wild one.
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Here was one happy subscriber’s comment today and his view on cryptocurrencies being in a bubble or not:
And, also don’t forget to register now for Anarchapulco, Cryptopulco and the TDV Summit, all coming up from February 15-19th in Acapulco, Mexico with many of the biggest names in cryptocurrency in attendance. We are expecting all events to sell out so book soon.
