I'm going to explain you the real reason, the one and only real reason, while Bitcoin will eventually reach 1 million US dollars. Yes, you heard that right. And we are not on the Bitcoin chart right now we are on the chart of corn. Now what does the chart of corn have to do with the bitcoin price All that and more in this episode, and now let's jump right into it. And with that said, once again, welcome back, everyone, today is going to be special, because today I'm going to explain you why the bitcoin price will hit 1 million US dollars, without showing you the Bitcoin chart once. This has absolutely nothing to do with technical analysis. This is only about fundamental analysis. And also macro economics probably already heard that money printing is just going through the roof right now. And if you haven't heard it, well, the Fed employee, Neel Kashkari will explain it to you once again. Yes, exactly. And there's no end to your ability to do that there is no end to our ability to do that you hurt demand, there is no end in sight, probably have already seen this chart right here. And this is not going to be the main topic, don't worry, I have the goodies for you prepared, the m two money stock increased by more than 25%, just in the last year in 2022. Now, imagine if we had for 100. And those are Swiss francs, not US dollars. But if we had four 100 Swiss franc bill notes in here, for a restricted amount of goods and services, we now have five of them. Now, it's just very logical that the price of these assets of all the other assets which are restricted or going up, there's just no other way. Well, obviously not just the asset prices are going up. Also, the US depth is going up. We're almost talking about 28 trillion US dollars, that is 28,000 billion US dollars in depth to the US national debt, all these numbers are going up. So why shouldn't the price of bitcoin going up? Well, it will. Now some of you guys are probably going to say but Hasani, all that inflation talk that is just BS. I mean, even the he said be president Miss Christine Lagarde said, well, they are targeting higher inflation. What are they talking about? Well, the reason is we're not seeing inflation yet. for groceries. For example, if you go to your store right now, well, it's not that all the prices increased by 25%. Over the last year, maybe some goods and services are a little bit more expensive right now. But we definitely don't see to 25% yet. And this in here is the explanation why this is not the end to money stock, but this is the velocity of the end to money stock. So that means how false that money is actually changing hands. And what we can see right here is that we are not on a historical high compared to the actual money stuck here. We're actually on a historical low. So that means people are hoarding cash. They're not spending it. But what do you think is going to happen when this money is getting spent again? Well, we are going to see massive, massive consumer good and asset price inflation that is for sure. And now I'm going to show you some charts, and they will absolutely blow your mind. If you think that all that stimulus that we're seeing right now and the upcoming stimulus that does just pumping the stock market. Well, you're wrong.And this is actually quite scary. We're going to get started on the first chart in here. And that is steel rose in price by approximately 100%. So steel right now is twice as much expensive as it used to be here back in March 2020. twice as much, but that's not all of it.And well steel is very important, obviously. But it's not important as the next commodity now it's actually getting freaky guys here. We're talking about corn. The price of corn is going up or was going up dramatically already. Look at this since the corona dump the price of corn and we were talking about food guys. It rose by approximately 78% 78% more expensive corn. This is absolutely crazy right now, but it's even getting better. We have here the same thing also for wheat. So Well guys, we can expect that our bread in the future is actually getting more expensive in the intermediate future is getting more expensive by how much we will see but this is definitely a very, very scary development as far as consumer good. Inflation is concerned here for wheat we're talking about.
We did We did Have the low in March, we had the low actually in July, but we're going to measure it for March in here. Here's the exact same thing the prices are going up 37% more for wheat in just one year, guys, not even one year. And let's put the least something that is included everywhere. And that is sugar sugar plunged into the corona dump. But since the corona dump, we can see that the price of sugar as well increased by approximately 83%. Okay, inflation has already started, the start of hyperinflation is now and more and more money is getting printed, or Have you not heard about the 1.9 trillion stimulus that is most probably come once again in the United States of America under President Elect Joe Biden, guys, this money printing is not going to end we've seen it already. I mean, we have confirmation from the Federal Reserve from to Ron Paul but also hear from Neel Kashkari, they will not stop Okay, so expect that money as we know it right now becomes worthless, and this is exactly the reason that Bitcoin will eventually go to 1 million US dollars and all that presented with not showing you the chart of Bitcoin once but this is it already for today's episode.
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