outside of previous cycles that means that basically what i'm looking at are things that are going to cause cryptocurrency to be not only mainstream but to continue to rise as opposed to going through the normal cycle where it goes down for a couple years into a bear market and then comes back up at the next halving of bitcoin which we've talked about in the past and the thing is is this time things are a little bit different this will be in theory the first largest economic crisis that that people have gone through since the inception of bitcoin now there is a lot of theories around bitcoin being developed after the housing market crash in NUMBER_TOKEN and that was a big deal of course and that was the catalyst for the idea for bitcoin or at least in theory which in obviously should interpret into basically being an asset that you would want to hold through another economic crisis or housing market crash and that the likes of that right so is it getting bad well if we take a look you know at of course the u.s economy we have a debt ceiling crisis that we are worried about and this has happened you know quite a few times we've always kind of gotten through it this time i wouldn't expect it to be much different however it is important to pay attention to now the house has passed a NUMBER_TOKEN billion dollar increase in the country's borrowing ceiling however that is only going to last us to december so if nothing happens in december we're still going to be kind of in that same position of defaulting within the debt and then the next thing that we need to talk about is not only that right but we have the inflation where i think it's approximate and double check me in the comments here but it's NUMBER_TOKEN percent of all of the supply of the us dollar has been printed within the past year might even be more than that at this point but that was last i checked and that's a pretty hefty amount that means that the value of the dollar is going to go down in its buying power we talked about this last year and the idea that the price of bitcoin isn't going up it's just that the price of the dollar is going down and bitcoin is protecting your buying power hence in theory it is serving its original purpose if its original purpose is to protect the everyday joe from things like inflation and things that we don't control right so pretty much like if you're talking about like treasuries governments banks they can kind of control the flow of money but whenever they print more money they basically hurt everybody else like now all of a sudden your savings isn't worth as much as it was yesterday due to of course the decisions they've decided to make on that now finally we also have to take into account the holiday season and shortages so track with me holiday season is in general a time when cryptocurrency does pump up part of this can be due to people purchasing is purchasing it for friends and family as gifts and so on as well as speculation in that last final quarter of the year and that can be for whatever reasons right purchasing assets before tax season whatever that may be it just seems to tend to go up in price in the holiday season now this holiday season is going to be even more interesting due to shortages now if you guys haven't been paying attention to supply chains etc there is a lot of signaling of shortages coming for this holiday season what that means is that there will be less products on the shelves to purchase for of course well your friends and family so what would you default to well maybe you
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