From the creators of „Surprise me 2020“ and „The rest of the year can’t be worse than January“, we now have „Bitcoin is bored“. Gentlemen, sometimes it’s better to leave the one who’s standing still. Let’s let the tiger wake up by itself and not start bothering it with a stick. This lateral tendency should be read as positive. Now we look at the volatility with nostalgia. But it won’t be as much fun when the blood flows in the streets. But, well, if it goes up, we celebrate, and if it goes down, we buy.
Now, let’s talk about the most read kryptonews of the week.
Bitcoin and the Apocalypse according to St. John
There has always been a close relationship between religion, the written word and money. The „always“ is relative, of course. But let’s say the relationship exists, and you can see it. Especially in the West, that religion revolves around a holy book. This is interesting, because while in the East truth is something that is discovered experimentally, in the West truth is revealed in text. The holy book is not just a book with the truth in it. It is a book with an authoritative truth. So, the Bible is not literature. The Bible is law.
The origins of capitalism have been linked to Protestantism. Particularly with Calvinism. The prosperity of Protestant countries like Holland, England and the United States is thought to be linked to their Protestant roots. The „In God We Trust“ in the dollar is not causality. Word, faith and work are apparently unrelated concepts, but in practice the relationship is close. Words and money are codes. And, for the codes to work, the faith of their participants is required. That is, the acceptance and adoption of the code.
A book with „Revelations“ by St. John, which uses allegorical language, can be extremely ambiguous, because it allows for multiple readings. Suddenly, what St. John describes to us there is not a reality of temporal things, but much more universal processes. In this sense, certainly a mark can be hinted at the oppression of centralization and censorship. Did the early Christians feel oppressed under the Roman Empire? Every instrument of liberation will be reflected in that drama. The eternal struggle for freedom.
The explosive relationship in the rumors and Bitcoin. Can PayPal be the trigger we need?
In markets like Bitcoin, rumors are more relevant than facts. Facts are usually cold and inert. But rumors are an unpredictable flame that lights the way. The subjective is richer than the objective, because it gives free rein to the imagination. Exactly. Rumors give rise to idealization. Without the rumours, a year like 2017 would not have been possible. The announcement of the The News Spy Group’s futures created expectations that are only possible in the world of imagination. That year was a year of illusions. When did the price start to fall? Ironically, on the day the futures were launched. That is, the day that reality killed the rumor. Rumor is courtship, reality is marriage.
Then, Bitcoin started to wake up in early 2019 with two big rumors. Bakkt and Libra. The promotion began. But then we went back down. When? In the middle of the year. With the failure of Libra and the launch of Bakkt. Then the halving came, but nothing happened. Why? Because halving is an objective event. Now, we have almost a year without an illusion. We need hearsay, a dream. Something exaggerated, illogical and foolish that will awaken the imagination of the masses. We need a new illusion. Could it be PayPal?