As far as I can tell, there has been no attention placed on an alien “after disclosure” scenario for the course of usefulness, value, and adoption of cryptocurrency. This post is part gest jest, part serious to get the discussion of near-apocalyptic scenarios on everyone’s radar. Every single word is up for debate, and I welcome it.
I am not sure if I'm a believer in an extraterrestrial explanation of unidentified aerial phenomenon (UAPs), and that is nevertheless out of the scope of this discussion. However, the US government (the DNI specifically) has acknowledged recently that UAPs exist: (https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjN_PGv15ryAhWEdc0KHaUxDBAQFnoECAcQAw&url=https%3A%2F%2Fwww.dni.gov%2Ffiles%2FODNI%2Fdocuments%2Fassessments%2FPrelimary-Assessment-UAP-20210625.pdf&usg=AOvVaw1J7epZFLn63Xe81osQf4vp), and that they are not of any known terrestrial origin. This is the premise for our Odyssey.
This is not financial advice, I am not a financial advisor, this is purely spectulative, should not be used in any investment decisions, and this post is purely for your digestive entertainment. Strap in, spacepeople.
- If you are not familiar with some of the current UAP (UFO) controversy, please consider perusing: r/UAP, especially https://np.reddit.com/r/UAP/?f=flair_name%3A%22Resource%22
A. If UAPs turn out to be of extraterrestrial origin, our (human) supply chains are at risk of complete collapse.
- Consider how COVID-19 affected the stock market in phases, with recovery based in part on the general consensus that the pandemic would end: (https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-impact-of-covid-19-on-capital-markets-one-year-in#)
- If COVID-19 financial response is based on uncertainty, then a UAP disclosure would be an extraordinarily uncertain event, being the first of its kind in human history.
- Human business endeavors are still reeling from the “microchip crisis.” https://www.theguardian.com/business/2021/mar/21/global-shortage-in-computer-chips-reaches-crisis-point
- SO, premise 1 is that: Extreme human uncertainty for safety leads to withdrawal from the stock market and supply chain partial collapse.
B) If UAPs turn out to be of foreign (non-US) origin, the stock market will tank (go down and down and downer):
- WSJ article outlining the effect of Sputnik on the DOW jones: https://www.wsj.com/articles/SB84463787621945500
- Please read on the political/sociological implications of Sputnik on the US economy/zeitgeist.
a). Wilson, C. (n.d.). Sputnik: a Mixed Legacy. U.S. News & World Report, 143(12), (37–38).
b). Morring, F. (2007). "March). Down To Earth". Aviation Week and Space Technology. 166 (12): 129.
c). Peoples, C. (2008). "Sputnik and 'skill thinking' revisited: technological determinism in American responses to the Soviet missile threat". Cold War History. 8 (1): 55–75. doi:10.1080/14682740701791334. S2CID 154436145.
C). Cryptocurrency is relatively buffered from sociopolitical influences, and sometimes accommodates for them (an inverse relationship):
1). Bitcoin has been noted to precede the S&P 500 in some cases: https://www.forbes.com/sites/investor/2020/05/13/bitcoin-and-stocks-correlation-reveal-a-secret/?sh=683c7e6712c2
a) Uncertainty is risk: https://kinfo.com/how-do-political-conditions-affect-the-stock-market/
2) The Cryptocurrency dream is a hedge against government… bullshittery
a) Here is a list of the countries outlawing cryptocurrency: https://www.yahoo.com/lifestyle/countries-banned-cryptocurrencies-why-210500613.html
i) AND YET, Nigeria is a LEADER in the Bitcoin Trade, correlating nicely with the devaluation of the Nigerian Naira: https://www.bbc.com/news/world-africa-56169917
ii) VENEZUELA has demonstrated the cryptocurrency usefulness where government has failed: https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/
D) In the case the US fed and local economies are not functioning, decentralized finance will be essential.
- That’s yet to be demonstrated… but it’s my opinion.
TL;DR: If the US, or any reputable government announces, “This is GleepGlorp, an alien from Kepler-452b, here to explain how its species have helped you get your pinkies out of your noses for the last 5000 years,” I will be quite bullish on Cryptocurrency in general.
No comments:
Post a Comment