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Dan Held Expressed: Congress is considering raising the debt ceiling by another 2 trillion dollars. Hope you have some Bitcoin.
Community Reaction: I’d rather kill myself than buy bitcoin.
Bitcoin is the future; you wouldn’t want to miss out from the project. Start little even if you don’t trust the process, and if it fails – in which – it won’t – you can definitely back out, but don’t make up your mind without trying.
If debt has no ceiling, then Bitcoin has no top.
You should hope. We don’t have bitcoin because the less we have, the more there will be for you.
By “considering” you mean it’s 100% done deal.
Q: How many trillions of debt does it take to finally cause hyper-inflation? Congress: We don’t know but we’ll keep trying.
Just retweet this Q and A out every 12 months cause that’s going to be the case every year.
For debt that we already approved. The debt is already there, this is just a formality.
Come on Dan. All we need to have are CBDCs and Bitcoin won’t be relevant anymore.
Bitcoin would always be relevant. Let’s help you bag more bitcoin with that little that you want to start with. Crypto is gradually taking over. You can’t miss out on the project.
Just wait until they have to start bailing out any US Evergrande exposure. $2 Trillion will feel like a cakewalk in comparison.
Evergrande only has 300B in debt. Is it heavily levered here or what am I missing?
Got paid today. Immediately put 75% of that pay check stacking SATs.
The “debt ceiling” is just a political football, the money has already been approved for spending by the same politicians grandstanding today. The debt ceiling is just deciding whether we want to default or not. The answer is always no. It shouldn’t exist.
It’s crazy and look for what, to pump up failed enterprises in America *GM *Ford American Capitalism should let free market reign on them.
You know you can make that little more. You can’t miss out of bagging more while you can now.
What this means is that they’re giving themselves permission to print another $2 trillion.
There’s no consideration. It’s already happening. Would they rather the US government default?
What ceiling? I don’t mind the printing but where is the money going? That is the scary part of all this. Do the math on the last stimulus. Crazy.
Hope you have some gold and silver as well. Don’t put your eggs in one basket.
Bitcoin is considering raising the number of coins supplied – just kidding.
It is practically a done deal now that it passed the house because it was negotiated by McConnell and Schumer.
Is this different from other years? No, it’s not.
Monopoly has more realistic rules and monetary policy than we do.
Who are they kidding? They should just remove it completely already. That is basically already the case.
Although not really sure what other options are available other than a default. I mean how much higher can they push it?
Inflation way worse than many think “You’re Losing 20% of Your Money Every Year; Buy Bitcoin”
Great interview. Listened to it yesterday. The debt ceiling will 10x faster than you think.
China has just released 1.2 trillion yuan – $2 trillion for now. They’ll be back at the spicket by spring.
Scary. This temporary raise is over TWICE as large as the entire bitcoin market cap. We’re early. We’re basically on the 2-yard line with 98 more yards to go and I can’t wait to spike the ball in their face when we get to the end zone.
