from Balaji | by Balaji

Think of the Fed and friends as the system administrators of Western fiat economies. With the press of a key they can seize, freeze, create, or inflate any fiat asset. But they can’t do that to Bitcoin. It’s outside their control. Instead, it’s under your control.

BIG BANKS OR BITCOIN? This is why conventional macroeconomic theories of what is about to happen may break down. Because confidence in the US banking system has broken down. More than $500B[1] in wires has already flown through the air in recent days, t.co/DY8cw80Wye… t.co/YJtCDCwKyo t.co/hipx6LynVu