In today’s Money Morning, Bitcoin [BTC] has come a long way from its early days of exchange. Almost all of us look back and wonder how we missed such an incredible investment opportunity. Right now could be the next ‘bitcoin moment’ that people will be talking about in years to come. In fact, bitcoin soaring to US$1 million is not as absurd as you may think…
‘Disruptive monetary policy’? That’s what the Bloomberg team calls the Fed’s attempt to get back to normal. The elite were having such a good time pumping fake money and credit into the system. And then…someone comes along to ‘disrupt’ the party. They don’t like it.
It’s been a long time coming but Australian producers are finally value-adding their product by selling refined metal to the market directly, not raw ore, which was the default approach of the past. Emerging operators are now regularly designing downstream processing facilities into their feasibility plans.
Previous cycles in bitcoin have showcased just how volatile the swings from top to bottom can be. Each and every time, it’s been a similar story — a massive boom followed by a pretty deep bust. But the crucial detail is that bitcoin always comes back stronger in the next cycle…
No one wakes up in the morning and says, ‘What a nice day for a nuclear war. Let’s launch some missiles’. That’s not how a nuclear war will happen if it ever does. Instead, experts who have studied the subject of nuclear war fighting since the 1950s (and I’ve personally studied their work since the late 1960s) all agree that the danger is not an out-of-the-blue decision to launch. The danger is escalation.
Last week was a jolly mess. Someone blew up the world’s most important gas pipeline. The Dow closed out the worst September in 20 years. The Bank of England (BoE) looked normalcy in the face — and panicked. Inflation rose. And a storm swamped much of Florida. ‘Get used to it’, said the climate alarmists; it’s the new normal.
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