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Status Updates posted by Mic Drop
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'Jerome H. Powell, the chair of the Federal Reserve, blocked efforts to include a phrase mentioning regulatory failures in the joint statement released early Sunday evening by the Fed, the Treasury Department and the Federal Deposit Insurance Corporation.' NYTIMES
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"If printing money created wealth, there would be no poverty left on earth." - Ron Paul
Opt out of Fiat, Buy Bitcoin
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@federalreserve's decision to increase the frequency of the dollar swap lines from weekly to daily is aimed at avoiding a March 2020-like global dash for cash where investors sell everything, including BTC, for cash.
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Bitcoin is:
- The only digital asset with no counterparty risk
- Censorship-resistant and decentralized
- The only digital asset with true scarcity
- Backed by energy, not politics The coming decade will see massive deplatforming and currency devaluation
Do the math
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As US regional banks continue to struggle, Bitcoin's market capitalization has grown by a staggering $194 billion in 2023, exceeding Wall Street bank stocks' growth.