Last week I posted about why I believed Bitcoin was created to drain speculative capital away from gold and silver as a result of the FED’s zero interest rate policy.(ZIRP) Another benefit (whether by design or accident) will be as a scapegoat for when the dollar and global economy collapse. All of the losses from the fraud that occurred as a result of crypto will be blamed. Although it certainly contributed to and accelerated the collapse that has just begun, it was going to occur anyway, especially given the enormous level of off the books derivatives on all the major global banks balance sheets. The collapse is inevitable and a scapegoat is always found. Bitcoin and crypto will be blamed.

Silvergate, a Federally Insured Bank, Just Blew Up from Ties to Crypto