While itโs true the COVID-19 pandemic has taken a toll on this world. Some countries like Sweden ๐ธ๐ช Norway ๐ณ๐ด Finland ๐ซ๐ฎ have shown their best interests towards itโs citizens.
Some countries like Australia ๐ฆ๐บ have shown their worst (true colors).
A meme thread ๐งต ๐
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Australia ๐ฆ๐บ started as the largest prison in the world. Itโs tending back to its roots again post Covid.
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Covid-19 is just a reason for the state to gain absolute control over its citizens.
Australia ๐ฆ๐บ isnโt doing the right thing since Covid started ๐
When you hear negative things about #Bitcoin like
- Bitcoin will go to zero
- Bitcoin is energy intensive
- Bitcoin is centralized
- Bitcoin will be shutdown
- Bitcoin is used by criminals
etc. don't pay attention, they're unaware of facts...
They say: #Bitcoin could go to zero, its primarily mining centralized in China ๐จ๐ณ and the state actors could 51% attack this network and bring it down to its knees.
We say: China ๐จ๐ณ banned #Bitcoin mining and the industry just moved out of China and it's growing outside.
Turkey's ๐น๐ท national fiat currency Lira has seen turbulent times as (highly volatile) recently. More and more people are opting out of Turkish Lira and diversifying into other assets & currencies to preserve their purchasing power.
Time for a thread ๐งต ๐
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The Turkish lira is the official currency of Northern Cyprus and Turkey, represented by the ISO code TRY and abbreviated as TL.
The Turkish new lira is the second issue that was introduced at the beginning of 2005.
TRY is in devaluation, regularly hitting all-time lows.
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To get a brief sense of its inflation, here are some sample yearly numbers. A monthly chart for USDTRY attached.
A small thread on China Evergrande, its metioric rise and an imminent financial collapse ๐งต ๐
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Evergrande is China's second-largest property developer with $110 billion in sales in 2020 alone. Evergrande was founded in 1996 by Chairman Hui Ka Yan in Guangzhou China ๐จ๐ณ
The company was listed in Hong Kong in 2009, helping it grow its asset size to $355 billion today.
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Evergrande has more than 1,300 developments across China ๐จ๐ณ, many in smaller cities. Real Estate sales was growing initially, with sales growth slowing in recent years, it has branched into businesses such as electric cars, football, insurance and bottled water.