Citizen Free Press – X, Released on 3/9/24
BlackRock CEO says Bitcoin is "digital gold and a great long-term store of value." pic.twitter.com/TFRRz5MJUv
— Citizen Free Press (@CitizenFreePres) March 9, 2024
BlackRock CEO says Bitcoin is ‘digital gold and a great long-term store of value’ added by Herman James on
View all posts by Herman James →
So Blackrock’s pronouncement is the proof BTC is not digital gold, or any form of gold. And at this juncture, one of it’s fundamental strengths was its anonymity, which is now non-existent. And it carries counter-party risk at every turn. When is the last time anyone bought something with BTC? Was it that pizza?? Oh right, the cost of transactions are prohibitive and in such flux, one never knows what the charge is going to be while you wait for it to process.
To its credit, its ledger is sound and cannot be tampered with, at least not yet, or to our knowledge — though I suspect DARPA has the skinny on that. Larry Fink? How apropos.
It is what it is, the best performing asset of the 21st century. Those with BTC are gaining wealth and there is a word for those who choose to hold fiat: they’re called poor.
THANKS FOR THE LAUGH.!!!
..
ANYONE SAYING BITCOIN IS DIGITAL GOLD IS PUTTING OUT THE HEIGHT OF BULLSHIT..**
JUST WAIT UNTIL SATOSHI DECIDES THERE NEEDS TO BE ANOTHER 21 MILLION OR THE ELECTRICITY GOES OUT OR AN EMP PULSE OR A HACK OR THE GOVERNMENT DECIDES TO BLOCK TRADING IT…
WHO YOU GOING TO CALL… GHOST BUSTERS…?
The more they trot out characters like Larry Fink to tell everyone what a great “store of value” bitcoin is the more you can be certain that it is, in reality, ONE GREAT BIG BULLSHIT SCAM. I wouldn’t buy that crap with your money!
That just means you have, and will miss out on the best investment the world has ever seen. Truly sound money that is decentralized and uncorruptible. Just take the time, 10 to 100 hours, to deeply study it and how it works. It’s the future.
“The best investment the world has ever seen” and I’m going to miss it…..stupid me!
Just learn. You and everyone else will buy Bitcoin at the price they deserve.
If the electricity goes out or an empty event happens, then you know your ATM will not work, you will not have access to any financial account, you will not be able to buy gas, credit cards will not work, nor your AC, lights or stove. To big for gov to ban now, they already green lighted it with the ETF approvals. The big boys are now getting in the game and along with voters they have political power. You had and still have some ability, for once, to front run the big boys. And you missed it.