Cryptocurrencies regarded by one sceptic as “ a bubble, a Ponzi scheme and an environmental disaster” and by Jay Powell of the Fed Reserve as “vehicles for speculation” took one step out of the shadows into the mainstream with the arrival this week on the stock market of Coinbase, the world’s largest cryptoasset trading platform.
Purists see the market listing as a brazen sellout, forsaking crypto’s true principles for the golden goose offered by Wall Street by becoming just another middleman operator. An analyst remarks: “If this signals anything at all it is that the state, not crypto, has won the day in terms of control of the financial system. —— Those who thought crypto would up-end the public’s dependency on central banks or financiers, should be lamenting it.”
Coinbase founded on 20 June 2012, lists 90 cryptocurrencies out of more than 4,000 available; has 56 million verified users in more than 100 countries and employs 1,700 staff. It has assets worth $223 billion on its platform. One day, Coinbase thinks that it could be at the heart of a new, decentralised online financial system.
Depending on the start time Coinbase has a Sun on last degree Gemini or zero degrees Cancer with the Sun in an assertive though scattered square to Mars in Virgo. With Venus Jupiter in Gemini opposition a Sagittarius North Node square Neptune in Pisces. And Pluto opposition Moon square Uranus. It’s a crises-prone chart with Uranus square Pluto though that can also be a trailblazer. Too much Mutable and a focal point Neptune would make me nervous about putting my life savings with them. They will be having their ups and downs in what is a super-volatile environment with an undermining tr Neptune opposition the Mars from late this May onwards into 2022 and moving on to square the Sun in 2024. Though tr Pluto will trine the Jupiter in 2024/25 which will give it a lift.
The Coinbase Nasdaq opening on 14 April 2021 at 1.30pm has an intense Sun Venus square Pluto, a publicity-seeking though not always decisive Mars square an 8th house Neptune; an adventurous Mars trine Jupiter; and a provocative, status-quo upsetting but inconsistent Saturn square a 10th house Uranus. Tr Neptune square the Mars in 2022 will make for an uncomfortable and less than progressive year; with financial pressures in place through 2023.
The astrology birth chart for Bitcoin is actually April 5th, 1975, and corresponds with the correct transits. April 5th was one of the most significant dates in history. In 1933, President Franklin D. Roosevelt signed Executive Order 6102, which made it illegal for American citizens to own gold. We predict Bitcoin will be very rocky in January 2022.
Thank you Marjorie. I am amazed at the speed you keep up-to-date on variety of topics.
There is a chatter that dollar will collapse due to hyperinflation and Bitcoin may go to a million around January 9, 2022. There is also a prediction that governments around the globe will ban Bitcoin and other Cryptos all together. They will go to zero.
What do you think, Marjorie? Please share your insight.
Thank you.
Reuters posted an article today about a new possible currency – the Britcoin.
Next will be the Trumpcoin?
“Cryptocurrencies regarded by one sceptic as “ a bubble, a Ponzi scheme and an environmental disaster”
I’m pretty certain it’s not a Ponzi scheme. That’s where the interest payouts are paid using the moneys of new investors. Ponzi’s are attractive because they offer good returns (which turn out to be because of new investors). When new investors stop investing, the whole thing collapses.
Cryptocurrencies are just a tradeable commodity that is currently going up in price. If everybody stopped buying/selling tomorrow, it wouldn’t collapse. They are probably overpriced which would make them a bubble.
8th house Neptune. Other people’s money, sounds very Ponzi to me.
Pluto in the sign of “greed is good” or is that greed is gold, sign of Capricorn.
Black moon lilith conjunct Moon in 10th with the forthcoming Uranus should be interesting though.
I don’t have any dealings with crypto-currencies, but my Ascendant is 1 Cancer. Will the Coinbase Sun being conjunct my Ascendant impact me in any way?