“BlackRock Is About To EXPLODE Bitcoin, Here’s Why” Greg Foss 2024 New Bitcoin Prediction

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Greg Foss is a popular Canadian Bitcoiner and former hedge fund manager.
He has spent over 35 years in financial markets managing risks and he believes Bitcoin is the greatest assymetric opportunity he has ever seen in his entire career.

Greg Foss is certain of one thing – Central banks are going to print more money.

Greg argues we are coming dangerously close to the ultimate unraveling of the fiat Ponzi scheme. As debt has begun to get out of control, we are now at the point of no return, where governments are forced to print more money and keep interest rates low just to afford interest payments on their debt.
Greg argues that Bitcoin is the only viable insurance to prepare for this eventuality. Make sure to stick around to the end of the video where Greg breaks down why he believes over time Bitcoin is heading to $2 million dollars per coin in today’s value.

About Greg Foss:

Greg Foss Currently works as the Executive Director – Strategic Initiatives for Validus Power Corp. He previously worked at 3iQ Corp as the Founding Shareholder.

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“BlackRock Is About To EXPLODE Bitcoin, Here’s Why” Greg Foss 2024 New Bitcoin Prediction

All paths lead to bitcoin we are I’m not calling for a collapse of the economy per se or or the financial system there are definitely things that can can be Band-Aid Solutions but no matter what the 100% certain outcome is Fiat debasement because they need to continue

To print more Fiat to pay the debt burden okay as long as the market accepts that the system can continue but the only 100% certain conclusion is the debasement of Fiat which means you need to set an Investment Portfolio that protects you against that 100% certainty Bitcoin I believe is the best asymmetric

Trade opportunity and investment opportunity I’ve ever seen in managing risk for over 35 years Greg f is a popular Canadian bitcoiner and a former hedge fund manager he has spent over 35 years in financial markets managing risk and he believes Bitcoin is the greatest asymmetric opportunity he has ever seen

In his entire career Greg is certain of one thing central banks are going to print more money he argues we are coming dangerously close to the ultimate unraveling of the Fiat Ponzi scheme as debt has begun to get out of control we are now at the point of no return

Governments are forced to print more money and keep interest rates low just to afford interest payments on their own debt Greg argued that Bitcoin is the only viable Insurance to prepare for this eventuality make sure to stick around to the end of the video where Greg breaks down what he believes over

Time Bitcoin is heading to $2 million per coin in today’s value also guys if you want to stay most up to date on the crypto and Bitcoin World make sure to subscribe to my daily 5minute crypto newsletter it gives the latest Expo predictions any breaking news and top on

Chain analysis all in a nutshell click the first link in the description to join Over 40,000 other and becoming a better crypto investor right now now here’s Craig F on why the current Financial system is inevitably going to collaps well the problem has always been the system but the system itself has

Never been as levered as it is now so what happens as you increase the leverage in the system the frequency and severity of the downturns increase okay and and so but let’s be be clear the Fiat system has always been this way and history will tell you that Fiats always

Fail for this exact reason because they print money in the times of the Romans they clipped the edges of the coins and took out uh the the gold and the silver from the coins and then so Fiat systems always fail and we’re just recreating that same

Problem uh in a modern age with Central planning that is not just Central planning of let’s say the Roman Empire it’s the central planning of every single Fiat country in the world uh all operate on the same model so we can blame the system we shouldn’t be surprised because those systems always

Fail uh but then there’s a great reset and you start fresh again but the pain to start fresh is Monumental and people just forget that you know these crises have happened over time um when Fiat fails and you can look in Venezuela right now or Argentina that’s defaulted four times in my

Career uh but we’re not used to it in G7 countries and here’s the problem it’s now caught up with the G7 countries because when in the 1980s when inflation was really high there was a Fed chairman by the name of Paul vulker who did raise interest rates to close to 20%

20% but the difference was the federal debt at that time was Far reduced from the current level of over 120% of gross domestic product at that time it was around half of that and it’s you can you can actually raise interest rates when your gross when your uh total debt to

GDP is there because the interest expense on the debt will grow but it won’t bankrupt the whole system now we’re at a point where total debt to GDP is 120% which is to say when you raise interest rates even to 5% the interest expense on the existing debt is growing

So quickly you can’t keep up with the expansion the organic expansion of the debt and that’s where we are right now so the system is to blame but we are now at a point where we can’t reverse it you see after the great financial crisis there was the chance to be able to

Reduce this mathematically I don’t think the political uh wherewithal existed to Red to reduce the debt but mathematically you could have achieved that now it’s impossible to achieve that we are at a point where the debt spiral is so large that no matter what you do you can’t

Reduce that debt burden enough the economy can’t grow fast enough to keep up with that expanding debt burden it’s mathematically impossible so that’s where we are right now it’s not good but math doesn’t lie that’s the problem when interest rates are low and going lower

People say well the cost of debt is so cheap that’s the problem they don’t stay low forever everyone thought they would but Jerome Powell’s a donkey you know he said three years ago we’re going to be lower for longer and then oh infl yeah but it’s going to be transitory now

No we’re going to be higher for longer like what a you know this is a clown show and that’s the problem you get when you hire administrators and put them in a risk chair uh so yeah we’re not in a good spot right now Ryan but you have to be

Honest with yourself that’s the mathematics of it so let’s yeah let’s not just talk about uh the best way to do is look at the entire world uh because it makes the math so easy um in the total World total Global debt which includes all debt sovereign debt Bank debt

Mortgage real estate blah blah blah total Global debt is 400 trillion dollar okay and that compares to clo total Global GDP of slightly under 100 trillion but to make the math easy let’s assume that total Global debt is four times Global G GDP okay and that debt is

A contract that’s what a debt debt is is a contract to pay principal and interest uh and return the principal to the lender at maturity but that interest coupon is the cost of doing business right and so what would be a good interest rate to

Put on all the debt in the world and I’ll make it easy for you I always pick 3% which is very low because us 10e rates right now are 335 3.35% so assuming all the debt in the world is right around us 10e the cost of debt that’s a very generously

Low assumption but stick with me if your numerator which is total Global debt and your tax base is your denominator GDP is it likely that your denominator is going to grow at four times 3% which is 12% annually to keep Pace with the organic growth of the of the

Debt just because of the coupon right no is global GDP going to grow at 12% forever no Absol not even close there is the definition of your debt spiral you cannot keep Pace with your tax base with the organic expansion of the debt because it’s four times the size of the

Economy and it cost you as I pointed out generously 3% annual that is the debt spiral and the error term to solve that spiral print baby print if I was 30 or younger again yeah you’re up against it a bit but maybe you don’t actually have to buy that house that everybody always

Told you to Aspire to because what happens if you buy that house and the world goes to heck in a hand basket you don’t want to be bolted down to a fixed object like a house uh if you can’t get out of the country because you can’t sell your

House or whatever I’m not saying everyone wants to leave Canada but that is one of the considerations when you own a hard asset you have to understand portability liquidity transferability all the things and if I was under 30 I would actually focus on accumulating a given percent of my network

In Bitcoin because Bitcoin I believe is the best asymmetric trade opportunity and investment opportunity I’ve ever seen in managing risk for over 35 years totally different things okay so I actually believe Bitcoin to be incredibly unrisked against the Fiat Ponzi I advocate everybody needs to own some Bitcoin or

Else they’re actually taking higher risk by owning zero let’s walk through that again you need to own more than 0% of your portfolio in Bitcoin or else your portfolio is actually higher risk than if you had a proper portfolio allocation now the proper portfolio allocation is going to depend on the age

The family obligations of the individual the um lifestyle choices like if you absolutely have to live in a house then I’m not going to tell you not to live in a house meaning or own your own house if you have to just because that’s your personality that’s fine just understand

Some of the risks that come along with owning a hard asset that’s a house so all of this is to say everything changes with your age your income your family responsibilities your personal uh risk tolerance and your lifestyle desires but don’t own zero look if you own zero Bitcoin at any

Age you are doing it wrong okay you’re exposing yourself to more risk than if you actually had x% of your portfolio in Bitcoin and generally for the non-believers go and get 5% of your portfolio in Bitcoin I know it sounds like a lot but it’s not you still have

95% of your portfolio in other stuff and this 5% could literally go up 100 fold from here which means that 5% turns into 500% everything else being equal that’s beautiful that’s asymmetry asymmetric returns Define careers and or return opportunities Define careers so I have a price Target on bitcoin of over2 million

US dollar per Bitcoin in today’s dollars I got to be real clear about that in today’s dollars which again given it’s trading at 25,000 is Plus plus or minus 100 times higher damn that’s a pretty decent fraking return opportunity so there’s Greg F on the impendent collapse of the

Fiat currency system and the potential of Bitcoin as a hedge against this eventuality if Greg’s prediction of Bitcoin reaching $2 million per coin in today’s value has piqued your interest remember that staying informed is key in the dynamic world of cryptocurrency don’t forget to subscribe to my daily five crypto newsletter it’s your

One-Stop source for the latest expert predictions breaking news and top onchain analysis all condensed into an easily digestible format join Over 40,000 others in becoming a more informed crypto investor by clicking the first link in the description and most importantly if you haven’t already please hit the like button subscribe to

The channel and turn on post notifications to stay updated with the latest content anyway guys hope you all enjoyed today’s video and that provided you some value I’ll see you all in the next one and as always all the best