Here I don’t want to focus on the bitcoin or ethereum price run, analyze charts or predict tops and pullbacks. Let’s talk about something completely different. Let’s talk about the future, beginning with the blaring silence surrounding bitcoin, ethereum, and cryptocurrencies in general.
Amidst the current cryptocurrency breakout, and some would say craze, there is a beautiful golden silence that you can only hear if you listen carefully in the breaks between the noise about incredible gains. The silence I’m talking about is the silence from any centralized cryptocurrency authority about the dangers of a rising bitcoin, or rising ethereum or what have you. Silence, nothing, about how bitcoin must be weakened in order for “exports to be stimulated”, or the “dangers of deflation” and how a rising bitcoin “hurts job creation.”
Zero chatter about the absolute nonsense you hear day-in-day-out from central monetary authorities sitting down at taxpayer funded dinners in beautiful skyscrapers all over the Western world as they discuss managing their dollars and euros and pounds and Swiss francs. Blabbering on about how they need to inflate the money supply while using a fancy acronym for it like LTRO or QE but it’s all the same garbage. Yakking about how they have to watch out for the little guy by inflating and keep their respective economies going by adding to “aggregate demand” in an immoral, twisted, embarrassing race to the bottom.
No cryptocurrency owner is upset about their currency rising in value. Nobody is complaining. Nobody is itching for the bitcoin supply to be inflated because its value is rising too fast.