#Clarity Act postponed #Coldcard hacked #Saylor sold #BitMex failed And it still couldn’t get us below $58,000

The only reason i value my life is because I know I am going to die. @jack mallers 🧡👊🏻

GM

Max pain would be $BTC just ripping from here. While the “one more dump” crowd watches the entire move from the sidelines.

$BTC just pumped $16,000 in ONE WEEK. Four years ago, an entire #Bitcoin was worth $15,500. I don’t think people comprehend how violent the upside can get.

🕯 The events of the last few weeks at the macroeconomic level and market growth can be summarized in the following story. Cool, be sure to read it! ⚡️Scott earns $55,000 a year, but spends $75,000 a year; that is, he spends $20,000 more than he earns every year. Even $10,000 of these expenses are spent on buying weapons. He is currently $400,000 in debt. In addition, he has $1.75 million in long-term financial obligations that he has not yet set aside money for, and he will retire in less than 10 years. Even his own employees say that his debt ratio, which is about 130% today, could reach 690% by 2096. 📣To stay afloat for now, he needs to refinance about $100,000 of his debt over the next 12 months. ‼️But what happened now? Scott's largest creditor is a Japanese friend. The friend recently said he might have to sell about $110,000 of Scott's debt on the market. Scott sent him $50-100 this summer to calm him down and prevent him from selling the debt! On the other hand, the companies that used to lend money to Scott are no longer willing to lend him money at low rates. The interest rates they are asking him have reached their highest levels in 19 years. ⚡️Scott said on August 19 that since no one is willing to buy his debt anymore, he will have to buy back his old debts by taking out new debt at a rate that is at least double. Credit card companies apparently weren't happy about this and offered him higher interest rates just 24 hours later. 🔥If Scott goes bankrupt, something really bad will happen; because he is so big that his bankruptcy could face a serious crisis for the entire system. 🔻Now here’s the interesting thing: You can get fully insured against Scott’s bankruptcy for just $15,700. Even Scott himself has publicly stated that he wants to buy insurance against his own bankruptcy, and others should consider it too. Scott’s friends also say that they want to cover his debt with this insurance; because in their opinion, insurance is very cheap, while the risk of debt is very high. But the price of this insurance has increased by 30% in just three days. Why? Because people are increasingly skeptical about Scott’s ability to pay his debts. Now know Scott’s real name: Scott = America 🇺🇸 And that insurance? Bitcoin ₿

GM