Asymmetrical political power. Where an otherwise insignificant group of people controls most of the world. By blackmailing with recorded sexual acts with minors, for example.. Know what you are dealing with.

I do not fear the fiat scam imploding on itself. I fear those in power trying to prevent it from happening by all means possible, and by that effort making the suffering when it eventually does happen so much worse. #Bitcoin..

I see very few people wanting to talk about it. But if this, $ 120k, was the new #Bitcoin 4 year cycle high, it was a lousy run. Just ~double of the last ath of $ 60k in 2021... Perhaps not bad compared to most out there, but still on the lowest side of the bandwidth I had in mind... Nevertheless I don't think any of my or any other model will hold when the fiat system wil start to implode. Just the basic numbers: Derivatives market is now $600 Trillion. This is ten times up from the number it was in 2008 financial crisis then it was $ 60 Trillion. So not only was nothing learned or fixed, things got TEN times worse.... The system can't afford a new bail-out so they made legislation about an bail-in. All deposits, all savings and probably all pension savings will be used to 'save' a system that is mathematical not save-able. I won't start about unfunded liabilities. If things can't continue they will stop. It is gonne be a mess. Not wanting to see this is understandable but not smart.

It is my guess the next run up will start as soon as most stop looking for some new temporary top. Realizes how cheap #Bitcoin still is and how early they are. AND START BUYING WITH BOTH HANDS.