ilmscore | Prediction Details
"I think that after hundreds of years of central banks bailing out indebted financial institutions and the first too big to fail bailout was the bank of England in 1773 with the East India Company when they were over indebted and everyone owned their stock and said oh [ __ ] we're going to go bankrupt uh please lend us money and because all the bankers own the stock they took the public money and gave it to the East India Company bailed them out so that was the first major bailout we've done and every single time there's been a crisis there's been a bailout Bitcoin knows this we're so attuned to this that we know that if New York Community Bank is the harbinger for future bank failures then we know the response is printed money so we're not going to fall on that news which would be you know financial crisis we love financial crisis because financial crisis means more Fiat more debasement more inflation and this is the whole point of crypto and defi is to build a parallel Financial system which does not is not affected by that sort of debasement and therefore prices actually go up"
By Coin Bureau | February 17, 2024 | Pending
From video
Killing Bitcoin, Riding To The Moon & Bull Market With Arthur Hayes! 00:09:13 - 00:10:15
Interpreted Prediction
Anticipating a financial crisis, the speaker predicts a response of money printing, which will lead to fiat debasement and inflation, consequently driving up the price of Bitcoin and other cryptocurrencies as they offer a parallel financial system.

Prediction Details

Topic
Bitcoin Price

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