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    If You Haven't Noticed, Bitcoin Is Moving

    October 23, 2023
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    I wrote a book a decade ago while I was working on an emerging market bond desk on 'The Street' about the dangers of overwhelming sovereign debt, interest rates spikes, and the loss of our reserve currency status.

    We are now over the target of my predictions.

    Our sovereign debt at $34T headed to $50T is out of control, on purpose. The fire has been lit by intentionally reckless spending and our continual involvement in overseas conflicts, bleeding us dry.

    The financial markets have now begun to notice.

    The United States has neither the will nor the ability to pay back its debt. The spiral will only continue.

    Hence, Bitcoin is moving.

    Bitcoin is a haven against financial irresponsibility. It is decentralized, and no more Bitcoin than the original amount can be mined. You can't 'print' more Bitcoin.

    No one can control Bitcoin. No one can turn if off or on for you, if you don't follow the matrix' demands, as central bank digital currencies will most definitely do.

    Bitcoin will now move into an asset class of its own, as a safe haven, and we think along with commodities, an asset class to watch in the future.

    U.S. government debt is no longer 'risk free'.

    Full Disclosure: CDM is long Bitcoin

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    L Todd Wood

    L Todd Wood, a graduate of the U.S. Air Force Academy, flew special operations helicopters supporting SEAL Team 6, Delta Force and others. After leaving the military, he pursued his other passion, finance, spending 18 years on Wall Street trading emerging market debt, and later, writing. The first of his many thrillers is "Currency." Todd has been a national security columnist for The Washington Times and contributed to One American News, Fox Business, Newsmax TV, Moscow Times, Novaya Vremya (Ukraine), the New York Post, National Review, the Jerusalem Post, Zero Hedge and others. He is also founder/publisher of CDM. For more information about L. Todd Wood, visit LToddWood.com.
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