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Wednesday, December 23, 2020

........................Bitcoin Is Not Money, Pimco's Crescenzi Says

Just a few points to note from this video. Please do not miss the attempt of
Financial Analysts and hosts of Finance shows, to have a modicum of 
respect for the savvy young investor. The guest on this show made a huge 
mistake by bolstering the posture of the Fed. He mistakenly decries that 
Third Party Institutions create trust, when in fact they do not. Third parties
create opportunities for themselves to charge fees and get rich. They pose 
as regulators and sanctioning bodies all while offering little value to systems.

Old money players HATE Bitcoin because of this reason. This is also the 
reason so many would be investors stay away from Bitcoin. Most of us are
so shocked by this "Trustless" verification system, dependent on individual
security we avoid Bitcoin like it's a risk. Too much Fear, Uncertainty and
Doubt or FUD, keeps the hard working and weary out of the most free 
market humans have ever seen. The anchor hits all the right points, but the
guest is very limited of his understanding, & even calls upon the "Hegemony"  
and the might of the US Military to FORCE the dollar on the world. 

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