FinMar News’ Post

Let's be honest... If I offered most people the choice between this silver dollar coin or these ten $1 bills, most would take the ten bills. Why? Because most people don’t understand what REAL MONEY is. Here’s the truth: that silver dollar is worth around $30 today. This all traces back to 1971 when President Nixon took the U.S. dollar off the gold standard. Before then, every dollar printed had to be backed by a specific amount of gold. Once that tie was severed, the Federal Reserve and the government gained the ability to print unlimited dollars, regardless of the gold reserves. What happened next? The purchasing power of the dollar began to erode, causing the cost of living to constantly go up instead of down, stealing Main Street's wealth like a theif in the night. The more dollars printed, the less each one is worth—a concept known as inflation. This brings us to the brilliance of Bitcoin. Think of Bitcoin as the modern equivalent of the silver dollar. Why? - Like gold or silver, Bitcoin is scarce... only 21 million will ever exist. - It’s decentralized, meaning no single person or group controls it. It's the people's money. Its rules are protected by a global network of thousands of independent validators. For the rules to change, an overwhelming majority would need to agree, making it impervious to manipulation. - This scarcity and decentralization allow Bitcoin to retain its purchasing power over time, unlike paper money that can be endlessly printed. Now, this isn’t a sales pitch to invest in Bitcoin... it’s a call to start learning about it. Bitcoin represents a new form of money, one that has the potential to give people a better chance at financial independence, free from inflation, poverty, and even the wars fueled by monetary manipulation. Just as the silver dollar holds more value than ten paper bills, Bitcoin offers a chance to store value in a way that’s resilient against corruption and theft. Of course, nothing is ever guaranteed, but Bitcoin provides one of the most promising alternatives to dishonest money systems. When it comes to Bitcoin vs Currency, unlike the dollar, more Bitcoin doesn't equal prosperity. The less Bitcoin you need equals prosperity. It's the gift that can keep on giving. If there’s a better way to protect the masses from financial exploitation, I’m all ears.

As the crypto market watches closely this week, our President and CEO, Dean Skurka, was recently featured in an article by Vince Quill of Cointelegraph. The article discusses Bitcoin's recent all-time high of $100,000 CAD, coinciding with the US presidential election in two days, along with other factors driving the price. Read the full article here: https://lnkd.in/g_3P-Kcv

New article from the wonderful Mr. Sam Callahan!

What a week post the presidential election for crypto. Bitcoin (BTC-USD) surged past the $80,000 mark over the weekend, becoming one of the most notable “Trump trades” in the wake of the 2024 election. This bullish sentiment has extended to altcoins such as Cardano (ADA-USD) and Solana (SOL-USD), as well as meme coins like Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD), resulting in a broad boost across the entire crypto sector. The landscape of modern finance is evolving, with capital markets transforming and significant capital flows heading into the complex realm of crypto and digital assets. On the flip side, gold prices have softened, ticking down as investors digest the potential implications of the election. Speculation has grown around whether the Federal Reserve may slow or reduce the pace of rate cuts due to President-elect Trump’s stance on tariffs. However, Fed Chair Jerome Powell has stated that the election outcome will have no “near-term” impact on monetary policy. Junior mining has historically been a vital sector in the Canadian capital markets, however, capital is not flowing into these names despite recent bull run in the commodity prices negatively impacting Canadian capital markets. Meanwhile the crypto industry has increasingly shifted - has shifted, into the U.S. ecosystem as it has matured, despite early activity being dominated in Canada. What does this mean for Canadian markets? One certainty is the necessity of cross-border financial service firms. What is clear from the flow of capital is that markets remain wary of fiat currency depreciation, reinforcing the appeal of wealth preservation assets. Longer-term risks such as a potential sharp increase in the U.S. fiscal deficit, continued central bank demand to diversify dollar holdings, and the economic impact of potential tariffs contribute to this concern.

🌐 Proposal to Ban Bitcoin in the U.S.: What’s Going On? The Federal Reserve Bank of Minneapolis recently suggested banning Bitcoin or imposing taxes on it to better manage the federal budget deficit. The Fed's report claims Bitcoin complicates fiscal policy as the government pursues a persistent deficit through nominal debt issuance. Bitcoin, according to the Fed, creates a "balanced budget trap" that limits the government’s flexibility in budget management. Experts describe Bitcoin as a “private sector asset” with limited supply and no claims on real resources, concluding that restricting or taxing it could address these policy challenges. With U.S. federal debt at $35.7 trillion and an annual deficit of $1.8 trillion, concerns around Bitcoin’s impact on the economy continue to grow. Matthew Sigel, Head of Digital Assets Research at VanEck, responded, noting that the Fed has joined the European Central Bank in targeting Bitcoin, marking a serious shift in policy attitudes. #BitcoinBan #FederalReserve #CryptoTax #USDebt #DigitalAssets #CryptoRegulation #MonetaryPolicy #BitcoinNews #FederalReservePolicy #FinTech #CryptoEconomy #DigitalFinance #VanEck #ECBCrypto

The October 17 research paper from the U.S. Federal Reserve (Fed) Bank of Minneapolis suggests that crypto assets like Bitcoin (BTC) may need to be taxed or banned to help governments maintain a permanent budget deficit. The paper argues that Bitcoin creates a “balanced budget trap,” which forces governments to balance their budgets.💰📉🚫 Crypto2Community.com #Fed #US #Bitcoin #CryptoNews

Great news for you: The mere existence of bitcoin protects you from the perpetual devaluation of your earnings and savings by the Fed, whether you personally own any bitcoin or not. According to the Fed, in their recent 'Working Paper 807', if people are allowed to trade in bitcoin, the Fed can't run a 'permanent primary deficit' strategy. From the paper's abstract: "In an economy with incomplete markets and consumers who are sufficiently risk averse, we show that the government can uniquely implement a permanent primary deficit using nominal debt and continuous Markov strategies for primary deficits and payments to debtholders. But this result fails if ... there is trade in bitcoin, then there is no continuous Markov strategy for the government that leads to unique implementation. ... and the government is forced to balance its budget." So, by their own admission, a free market that allows people to freely trade in bitcoin forces the government to balance its budget stop the perpetual increase in government debt which is causing the erosion of your purchasing power. So whether you own any bitcoin or not, bitcoin protects you and your children from irresponsible and short-sighted government spending. The kicker is that if you do own bitcoin, it's even better at protecting you from these impoverishing forces. So next time you see a Fed or government official, or one of their media mouthpieces, demonizing bitcoin, you'll know why they're incentivized to do so and hopefully you'll do your own research before taking them at their word. In the current Fed-based monetary system, we all face the perpetual struggle of maintaining purchasing power and fighting the headwinds of inflation. Staying informed about how the system works and the tools available to you will give you the best shot at survival. I wish you the best of luck. You can download and read the Fed paper, in its entirety, here: https://lnkd.in/dizB5Ynh

It is a fairly consensus view that sovereign states are inferior allocators of capital relative to more localized governments (states, towns) and the private sector. Despite this, national governments are able to continuously grow due to their access to seemingly unlimited financing as sovereign debt (especially #USTreasuries) are the underlying collateral of the global monetary system. A more edgy description of this dynamic is "money printing". Thought experiment: What are potential outcomes on nation states if they did not have access to unlimited debt financing to fuel perpetual growth? 1. Smaller States: Without access to unlimited financing, governments would likely contract in size as operate with capital scarcity constraints- just like any household or business 2. Improved Capital Allocation: With capital scarcity, it is likely states would naturally make better capital allocation decisions. Furthermore state products/services would be competing in the free market with private alternatives. Citizens become customers. 3. More localized: Regionally focused government have better understanding of their citizens/customers and thus are better equipped to deliver the right basket of products/services for their base. Commodity based monetary systems keep governments in check because it removes the states access to unlimited capital. Gold was the commodity money of choice for thousands of years across a number of discrete monetary systems throughout history. Bitcoin is "digital gold", existing in a world that is gradually shifting from analog-led to digitally-led. Resulting hypothesis: The reemergence of gold and the introduction of bitcoin in the global world order will drive structural reduction in size of nation states in the coming decades. Let's watch. #bitcoin #gold #macro

Bitcoin Increases Its Independence From Interest Rates: Coinshares - https://lnkd.in/d7Vm3pru Key facts: The US Federal Reserve keeps interest rates high to lower inflation. If interest rates are high, investors prefer Treasury bonds over BTC. Monetary policies implemented by government agencies or central banks can impact both traditional financial assets and bitcoin (BTC) and cryptocurrencies. These measures, which include

As someone who hates having wool pulled over his eyes, let me tell you what I think about the recent manoeuvres by some EU member states concerning proposed capital gains tax measures on Bitcoin, and crypto. It's clear as day that the European Central Bank is the epitome of 'sour grapes' in this matter, crying foul in its latest comedy paper over the 'first mover advantage' that early adopters of Bitcoin have, and that since Bitcoin is becoming a worthy store of value, then the balls that early adopters showed in going against the stream (including the main current, being the ECB) should be... punished. Funny how the ECB conveniently never commented about other assets such as real estate or gold. But I digress. As clear as a summer day in the Arctic, the minions of the ECB are setting out to push for ridiculous, over-taxation measures of Bitcoin and possibly crypto too. The fact that Italy and Denmark, within days of each other, proposed tax rates that beggar belief, is no coincidence. I expect that other EU Member States will, in the coming weeks and months, also propose similarly-ludicrous rates. The response is to push back, at scale, against what is a blatant abuse of rights. Taxes are a matter of national competence, so it is up to each and every national or resident in countries proposing tax measures on Bitcoin and crypto (that are unreasonable) to write, communicate, meet, etc with local representatives that can actually help.