ilmscore | Prediction Details
"I think Bitcoin is very attuned to that we saw the price go from like 48 to 38,000 I know I was calling for lower didn't happen you know we broken above 50 so we're hovering around there right now 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 so the more stress that we see in the US Financial system the more that Bitcoin is going to preempt the move of money Printing and also I think Tech and AI stocks are in the same boat as well"
By Coin Bureau | February 17, 2024 | Pending
From video
Killing Bitcoin, Riding To The Moon & Bull Market With Arthur Hayes! 00:09:01 - 00:10:25
Interpreted Prediction
Tech and AI stocks, similar to Bitcoin, are expected to perform well during a financial crisis due to their self-sufficient nature and ability to benefit from money printing.

Prediction Details

Topic
Tech and AI Stocks

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