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“The Beginning of the End for Bitcoin” – Daily Reckoning | $1541.90

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Book it. Bitcoin’s finished. The New York Times, on Saturday, I think it was… April 29, anyhow, said the hacker who tried to get a ransom from Netflix over the new episodes of that show…

You and I had that lunch conversation last month you recorded. You asked me what tech trends I’m negative on. I mentioned bitcoin. I’d like to reiterate that. I’d like to double down on it….

Here’s a scenario. Some major hospital group gets hacked. Boeing gets hacked. Something big and important. Something where lives could be on the line. Not just episodes of a TV show. If that hacker demands payment in bitcoin, that’s it. Bitcoin’s cooked…

Congress steps in. Passes layer upon layer of complex regulation and basically outlaws it. They outlaw digital currency and make it the same as human trafficking or something….

Bitcoin itself, it’s doomed. The end is near. Soon as Congress has a reason, they figure out how to shut it down. You mark my words. Too many banks have too much to lose. And if we know one thing, it’s that big banks and Congress are part of the same beast….

Eulogy made by: Ray Blanco


Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

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