Hey there Steemians, Welcome back to my blog channel!
Earlier this week Chair of the Board of Governors of the Federal Reserve System Janet Yellen was delivering a speech this Wednesday for testimony to Congress. Within 2 hours of the testimony, a young man held up a sheet of yellow notebook paper displaying "Buy Bitcoin". As a cyrpto enthusiast Id like to thank him and his efforts in attempting to restore the decentralized currency through bearish times and declined value. I was thrilled to have seen his action , and found it a bit humorous because of Bitcoin's unique features and opposition to the federal reserve system. The Federal Reserve system is completely centralized as are the banks (JP Morgan Chase, TCF, Wells Fargo, CitiGroup, etc.) while Crypto currencies are completely decentralized.
With the US dollar getting hit with inflationary rates, Yellen is deciding to have 3 interest rate hikes on a yearly basis starting with 2017. She also claims that our economy is doing well enough to have continuous rate hikes. This in return raises fees for borrowing money, student loans, car purchasing, house buying, currency exchanging and lots of great things that our society needs to function on. So..whats a great exit to all these third party problems? That's right, Bitcoin!
With our friend displaying the Bitcoin sign earlier this week, thousands of viewers were exposed to its existence if not a great reminder of what crypto currencies are capable of. As a reward from the entire bitcoin community, he has accumulated about $15,000 in bitcoin because of his courageous and enlightening act. A seemingly small act that may very well have been the start of a currency rebound on a global and decentralized network.
If you'd like to send our friend some bitcoin, below is his BTC address.
What are your thoughts on Bitcoin? Do you think it was just of him to expose Bitcoin in the testimony to congress like that? Is the FED hiding something? Leave your comments and discussions below. I'd be glad to answer your questions :)
Thank you all! If you enjoy reading my blog posts, please feel free to send Bitcoin/ Ether/ EOS to my addresses below!
BTC: 1CNkzBNo1FTPXqqCbtHNmmoKgydpZYehZo
ETH: 0x3fDC6A468236f10C3AA8A3a64F3DD359a79F7Eb5
EOS: 0x3fDC6A468236f10C3AA8A3a64F3DD359a79F7Eb5
Disclaimer: I am not an Investment Advisor, and this is not investment advice. This for entertainment purposes only!
Stay encrypted, stay in trouble, and don't get caught!
-RichIntel
If you'd like to read my previous blog on why LTC is so quite & why crypto currencies are experiencing a brutal bloodbath click on the link below!
https://steemit.com/cryptocurrencies/@richintel/crypto-bloodbath-why-is-ltc-so-quite
Sources:
1.) http://fortune.com/2017/07/12/bitcoin-buy-yellen-fed-testimony/
4.)http://www.coindesk.com/buy-bitcoin-sign-raised-feds-janet-yellen-testifies-congress/
