Interactive Brokers will offer crypto trading by the end of the summer

ZBZB said:
Tulip mania lasted six months and they never came back. Bitcoin has set multiple new highs over a decade and has just formed a higher low.
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So, it is a different "flower" this time...does not prove anything. It is heading down under $30,000...
 
TimtheEnchanter said:
I do not think it is a scam but governments will never let it overtake Fiat and become a reserve currency. China wants their version as a reserve and all other players have their own agenda.
It is a tulip mania (not a scam). When the music stops it will not end well...
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Want to add your prediction here?
 
TimtheEnchanter said:
Who said it has to die? It could go sideways for decades...there always be people to buy all sorts of shit (read penny stocks) in HOPES and DREAMS.
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c'mon, bro. BTC is not shit. It's literally the best performing asset of all time. Tulips went up, then down (and that was your comparison, btw). BTC went up, then down, then up higher, then down to a higher low, then etc. at least 5 major cycles. It's just not a Tulip mania. It's something different and we're still seeing what that is and what it means.
Personally, I think it's saying that people want money that is not created by a government, subject to seignorage, inflation, confiscation, etc. With Bitcoin, we know the inflation and disinflation rate precisely for the next 30 years. We know the US government can't issue it to oblivion or use it to fund warfare / welfare state.

People want that. It does have value. Sure, other coins are more efficient, but BTC has legacy value as an agreed upon standard. The inventors did a good job at what they set out to do.
 
Today the 10-year just went down, but that is just a side note. Let me repeat never will the US allow bitcoin to be a reserve currency! Not fucking EVER! Now does this mean it will go away? No. But if the US tells coinbase tomorrow to stop taking/giving Fiat dollars, guess what would happen?
 
TimtheEnchanter said:
Today the 10-year just went down, but that is just a side note. Let me repeat never will the US allow bitcoin to be a reserve currency! Not fucking EVER! Now does this mean it will go away? No. But if the US tells coinbase tomorrow to stop taking/giving Fiat dollars, guess what would happen?
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I think in principle you're correct - the US will do whatever it can to prevent BTC becoming a reserve currency. However - reserve currencies are a global construct, not a single nation construct. For now, the US has the reserve currency, but, as Dalio and his team have shown with deep research, the US is in serious decline. The USD as global reserve currency is nearing the end. Probably another 5-10 years. It may be outside of US power to prevent BTC (or another currency or combination) becoming the new reserve currency.

Power is shifting. Be prepared for that reality. Just my opinion, but based on a lot research.
 
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