Bitcoin Meets Regulation

    One of the main selling points of Bitcoin is its ability to function outside of the banking system. A form of currency that can remain unregulated by governments and banks. Well, Biden's administration is working to do just that: 

The cryptocurrency market is looking for a firm regulatory framework. Governments around the world are trying to figure out whether bitcoin is a currency, a tradable commodity, a security on par with stocks and options, or a brand new asset class of its own. Once they figure that one out, they'll have to ask the same questions about Ethereum, Tether, Ripple, and Cardano, and the list of major cryptocurrencies only grows longer over time. Settling the thorny issues of legality, taxation, and trading rules will take time, adding to the uncertainty and volatility of the global crypto market.

President Biden is putting together a team of financial leaders that should clarify the tricky cryptocurrency market in a hurry. Three of Biden's top-level financial staff picks have a proven understanding of how blockchain and cryptocurrency assets actually work.

    Did you really think that the banking elites would simply roll over and die?

Bitcoin vs Central Banks.

    Bitcoin is thought to be a way out of the banking system. Some think it will be the demise of central banks due to its alleged anonymity and decentralized nature. The precarious state of America has many seeking a financial safe haven, and due to disparaging language regarding gold and silver for years as well as a genuine disconnection from reality, younger generations think this digital currency is an evolved form of gold! Pair that with Bitcoin's massive gains this past year, and you have created a new savior. These Bitcoin worshippers are no different than the Qtards telling everyone to sit back and trust the plan. Evangelists like Max Keiser calls Bitcoin the second coming of Jesus and says that not even God can break Bitcoin's encryption. 

    In reality, the very system they claim to be at odds with created Bitcoin. Satoshi Nakamoto, the anonymous creator of Bitcoin, name literally means Central Intelligence: 

"According to the CIA Project, Satoshi Nakamoto means “Central Intelligence” 

 Also, it's rather convenient that Bitcoin was created in 2008 during the great recession. Additionally, Ripple is currently battling a legal case against the SEC for selling unregistered securities.  While Bitcoin has not been deemed a security, this could become an issue for it in the future. Presently, however,  it is now facing backlash from the European Central Bank President Christine Lagarde who called for global regulation of it. 

Bitcoin is the cornerstone of a global foundation for digital currencies. That will be leveraged to control people's thoughts and behaviors. This can already be seen by the purging taking place across social media today. In conclusion, Bitcoin is not a savior. It's a new prison with the same warden. 

Superpowers Want New Global Reserve

China has recently come out with their digital Yuan. A few American companies that are located in Chian have started to use this new digital currency. We are on the cusp of something major. Historically, there appears to be a pattern that the global reserve currency is replaced roughly between every 30-40 years. Nixon, in 1971 removed the gold standard and about 30 years before the USD become the global reserve currency.

In 2009, during the great recession, China had suggested removing the USD as the global reserve. However, they were not positioned as they are now to make such recommendations.  Back in 09, China was the largest holder of USD financial assets. As the world's biggest economy, China can now capitalize on the USD demise. The beast from the east has risen.

Bitcoin was created in 2009 as a solution to our current financial issues. With its creation, came a new system that too solved issues pertaining to the internet-Blockchain. Coincidences do not exist in my eyes. The elusive Satoshi Nakamoto knew exactly what he or she was/is doing. A few years later a platform coupled with a new cryptocurrency came into existence with the goal to become one of the new global currency reverses; that is Ripple and XRP. This platform allows for instantaneous global remittances. The future is here...It is time for the old ways to die and make way for the new. 

The New Safe Haven

For the past few years, China has been embracing the new world of finance. After all, they have been attempting to improve the infrastructure of the world. By now, everyone knows about Bitcoin and some know about Blockchain.Many countries have begun to adopt this new technology. America, however, has been slow to act when it comes to the crypto scene, but that may be changing.  The leader of tomorrow nyst work to adjust and improve their financial foundation. Ladies and gentlemen the war of this generation will be fought digitally resulting in a paradigm shift.

As of March 26th Brian Brooks, a former Fannie Mae executive and former CLO of Coinbase, has accepted the position of COO at the U.S Office of the Comptroller of Currency. This is a clear indication that the US is preparing their entrance into the world of digital currency. My guess is that Coinbase will gain access to the US market with their new Visa card based on current trends.

Timing is everything, and China appears to be positioning itself to jump in at the right time. Two days before Brooks accepted the position, China grew closer to their goal of releasing the digital Yuan.  Many "private" companies in China have completed the groundwork for a digital currency. This is the new Cold War.

The currency of tomorrow will likely be hybrid: digital coupled with physical; i.e.  a form of cryptocurrency backed by physical gold and silver. Despite our delayed start we still have time.