Bitcoin is getting more and more credibility

On June 20, 2014 by Phil Champagne

So we just heard from the Federal Reserve that there is another tapering.

I’ve came to the realization a few months ago that there is likely no real tapering going on. I mean, they have been manipulating the data on price inflation with the CPI index, they have done the same with unemployment numbers where they don’t count discouraged workers. So, why should they be considered reliable on tapering? As Zero Hedge mention, Belgium is the new buyer:

Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys

Bitcoin Wallpaper (2560x1600)

Bitcoin Wallpaper (2560×1600) (Photo credit: PerfectHue)

Well, it’s more likely through Belgium that the shuffling is going on, who knows who is the real buyer. One thing for certain: central banking are buying each others paper. So, in the meantime, this prevents any real rise of interest rate.

So, while the Federal Reserve is losing credibility, Bitcoin is gaining.

http://thenextweb.com/google/2014/06/12/google-and-yahoo-finance-now-show-the-price-of-bitcoin/

I’ve just published a book, if you are interested to learn more about it, please go to BookOfSatoshi.com

The book is available for download in PDF at the website and available for purchase at Amazon:

http://www.amazon.com/The-Book-Of-Satoshi-Collected/dp/0996061312

It’s related to Bitcoin, an alternative investment I’ve recommended in the past. The priority should be on gold and silver first, but Bitcoin has definitely key advantages in the electronic world, it’s natural medium.

I will be in Washington D.C. this weekend for the bitcoin in the beltway conference.

 

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