Via Simon Black via SovereignMan.com,
[Editors Note: The Bitcoin currency is essentially ‘Digital Cash’ hence why the escalating war on paper cash is going to be one of the biggest fundamentals driving the price of Bitcoin.
Check out my video ‘Bitcoin/Gold/Silver – Ultimate Protection against the Global War On Cash and NIRP Lunacy’ that explains this in more detail]
- “Cash is one of the few remaining options for financial privacy that doesn’t create a permanent record of every purchase or transaction you make.It’s also an easy way to reduce your exposure to risks in the broader financial system.Think about it– the banking system is full of institutions that never miss an opportunity to demonstrate they cannot be trusted with our money”
- “Hardly a month goes by without some major banking scandal; they’re caught colluding on exchange rates, manipulating interest rates, fraudulently establishing fake accounts without customer consent (and then charging us fees on top of that).It’s disgraceful. In many banking systems across the world (especially in Europe right now), banks have precariously low levels of capital and are already suffering the effects of negative interest rates”
Read more here..
Via Jeff Berwick @ dollarvigilante.com
- “All these cashless initiatives are a part of a longstanding globalist banking plan to move toward a one-world currency. Though it will be said that cash is being gotten rid of to cut down on things like terrorism, tax evasion, and financial crime, the real reason is to consolidate power”
- “Governments like to tell you that their actions are for “your own good,” but it never works out that way. If governments ever really gain total effective control over money and your use, expect to be even more deeply impoverished than you already are”
Read more here..
The War On Cash Goes Nuclear In India, Australia and Across The World
By Willy Woo @ woobull.com
[Editors Note: On my youtube channel I often talk about how I believe the Bitcoin price is undervalued against the Metcalfe value of the Bitcoin Network.
As a reminder Metcalfe’s Law states the value of a network is proportional to the number of members squared.
In my opinion the reason for this divergence and disconnect was the due to the cataclysmic Mt.Gox Bitcoin exchange collapse in Mid 2014, which the price has still yet to recover from.
Based on this, it could be argued that now may be a good time to invest in Bitcoin as it appears to still be trading at a discount to its underlying net asset value or Metcalfe value.
In addition, shown on the chart above, the ratio of Metcalfe value compared to the recent price was recently sitting at 10-1. Based on this we can predict that for the current price of Bitcoin begin to come back into line with the Metcalfe value of the Network ,we could see prices move up to and around the $2500 – $5000 mark or around $40bn-$80bn.
Below is Willy Woo’s analysis on Bitcoin Metcalfe value…
Bitcoin Market Cap should be $40b according to Metcalfe’s law