Two more reasons to love bitcoin

 

Enemy of my enemies, you are my friend…

Bitcoin LogoGreetings!

As if there weren’t already enough reasons to love cryptocurrencies like bitcoin, etherium, and litecoin, now there are two more. It turns out that neither Jamie Dimon nor the Chinese Communist regime are fans of bitcoin.

Works for me.

Dimon’s collectivist assertion that “we’re our brother’s keeper,” his long support of the Democrat party, his involvement in the TARP ripoff, and his chummy association with the socialists in the Obama administration tell me all I need to know about him.

As far as the ChiComs go, I’ve already made my position clear regarding this illegitimate regime of thugs.

So why doesn’t this crowd embrace bitcoin? They’ll cite all kinds of reasons, but here’s my theory. They don’t like bitcoin because it does exactly what it was designed to do. Let me say that again. Bitcoin does exactly what it was designed to do.

We don’t know who Satoshi Nakamoto, creator of Bitcoin, was. However, we do know one thing about him (her, them?). Nakamoto’s initial paper cites a prime motivation behind the creation of digital currency. It takes the manipulation of the money supply out of the hands of a centralized authority (or “trusted third party”), preventing the diminution of its value through inflation.

But Jamie Dimon and Xi Jinping aren’t interested in freedom from centralized authority. They’re all about control. And of course that makes them enemies of cryptocurrencies such as bitcoin.

Enemy of my enemies, you are my friend.

End of rant. Until next time…keep pipping up!

 

To get more details on how I trade, take a look at the Trading Profitably page.

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather
This entry was posted in Money, Rants. Bookmark the permalink.

Comments are closed.