The real estate haircut is going to be brutal along with the pensions! People who think they had a little bit of wealth are going to be in for a shocker and then couple with that it being measured in inflationary terms people’s idea of value going to be throwin our rhe window
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Just like the stock market...it's only paper wealth until they sell.
Posted Using LeoFinance
If you sell into the open market yes, but if you sell to the fed you still get that infinate liquidity
Hedging into some BTC never looked so good! I've had people calling and texting me asking about BTC because they're now hearing about using it as a way to hedge out of traditional finance. People are coming around and it's clear that there is an option for them to store wealth outside of this broken system.
Posted Using LeoFinance
That’s brilliant it’s still very quiet on my side South Africans are still very much stuck in their ways
We do have the biggest adoption on the continent but it’s a small community of investors
Our projected inflation is 4.2% but it’s closer to 8-10 and the banks have cut interest rates from the high of 7.25 to 3.3 so we’re effectively losing in cash yet people stay lol
I can’t convert my local currency into BTC fast enough lol