I wish i could just say that bitcoin is going to a million dollars each, but there will be nothing so straight forward this cycle.
What i think will happen will be that bitcoin goes to $10,000 new American Dollars, or something as weird. And this will be after bitcoin become unobtanium on exchanges. No one is selling, on the exchanges, bitcoin for FRNs.
So, did bitcoin 10x? 100x? 1000x? or -10x?
I expect that:
- The unit of account changes
- The FRN gets replaced with something. Probably a gold backed dollar?
- Banks collapse
- XRP starts many CBDCs
- BRICS currency may become a thing, that is something else.
You add all this together, and bitcoin may go from $100k dollars to $100m Chinese Yuan.
Or, maybe everything gets priced in bitcoin this year.
The #1 way to lose your wealth is to think poor
Almost all lottery winners are poorer 10 years later. All those millions gone.
A million dollars is not that much money. All at once, it is. But, if trying to live off it the rest of your life, it is tiny. And, if you feel you can afford door-dash each night, cause you have a big bank account, it will be small very quickly.
A million dollars goes away very quickly, so think now about the things you need. A house, a homestead, a reliable pickup. Get debt free, and as much of your expenses paid for. You can even pay many bills in advance. And you can pay for solar panels so that you never have to pay the electric bill again. (and other such plans)
A lambo costs a lot. But the price tag is nothing. The insurace is horrendous. The maintenance is a nightmare. Further, do not buy a new one. A used one is usually just as good (because rich people maintain those things, and often they aren't driven much) Anyway, if your heart is set on a lambo, then AFTER you have your house all squared away, go and rent a lambo. Or go rent one on a racetrack. Then you will get the real thrill. The thrill of all your friends saying how cool you are really doesn't last very long.
The banks are collapsing… as planned
The plan was to have a world war, and then change the monetary system while everyone is paying attention to the war.
A world war is no longer on the table, but that doesn't mean that T.H.E.Y. won't try. There will be a lot of little wars, with neighbors / unCivil wars.
The banks are still going to fall. It was baked in the cake from the beginning. The little banks are already failing. Soon it will be the medium sized banks. Continuing until there is only a half dozen banks left. (in America)
What this means is that many people will be without the money they had in the bank. For a lot of people that's $0.
Other currencies will be floated to see if Americans will buy it. And i believe they will all fail.
The one that i think might work is the gold-backed-dollar issued by the Treasury. But, this is really just a shot in the dark. I just see a bunch of moving pieces, Trump, DOGE, WEF, Fed… Big things are going to be exposed. And big shifts are going to happen because of it.
So, have some cash stashed at your home.
If you have money in the bank, expect that you will not have access to it, for a while, or forever.
Do not covert your cryptos to money in the bank.
Cryptos are the future, but maybe not next-month-future
As cryptos go way up. As banks are seen collapsing all over the place. As inflation goes way up. Many people will start trading whatever they have directly for cyptos. Cars, trucks, land, houses…
You can already find some of these on Craigslist and such. It will become a much more normal thing as we progress through these crash-y times.
However, i do not feel that many stores will be accepting crypto readily and easily.
But, we all know how fast it is to set up a wallet and accept your first crypto. Stores could be accepting crypto in less than a week.
But, the only way i see really fast adoption is if something like a CBDC is created on XRP, and the Fed pushes it through all the stores. Maybe those CC machines are already set up to accept a smartphone XRP wallet payment.
In the future, we will be able to pay with crypto everywhere. It will be seamless an ubiquitous. We all know this, but how long have we waited for it?
So, crypto payments will be the way you spend your crypto wealth in the future. We just got to bridge between then and now.
There will be a lot of scams, by both little people and govern-cements to bilk you out of your crypto. So, know that its coming, and watch out for it. They will tell you that you will lose everything unless you send all your crypto to an "official bank". Don't fall for it.
There are two crypto happenings that i am leery of.
- Bitcoin becomes so expensive that sending any bitcoin becomes horrifyingly expensive. Only $1000 to send a million bitcoin. cheap cheap.
- XRP reveals that it is a wolf in sheep's clothing, and everyone drops it. Or, that the banksters only allow internal exchange, and/or all the public XRP gets confiscated. I do not know how, or what happens, but XRP goes to zero for us little people. Be sure to trade out of it before that happens.
Other cryptos like litecoin, bitcoin cash, digibyte and even doge will be the ones used for transactions. So, stock up on these, and make sure to keep your keys safe.