Bitcoin is the biggest technological revolution since the Internet was first introduced. Everyone agrees on this. This would almost make some people forget that this Bitcoin revolution goes far beyond technology. Bitcoin is a complete paradigm shift that has strong ideological and social impacts.
Gold has always been mentioned as a safe asset and store of value. And it is. But bitcoin too, although much more secure and scarce. The only fundamental difference as a reserve value in the intrinsic sense is that the appreciation of both assets, which is very different according to their unique or technological qualities.
After ten years of existence, Bitcoin still represent 65% of the whole crypto market capitalization despite the existence of thousands of altcoins. I don’t think there will be any flippening, it’s simply too late.
The unprecedented levels of stimulus debt will haunt our global economy for decades to come — in a post coronavirus landscape, can cash still be used to keep score? Or should we be banking on Bitcoin instead?
Many investors now see Bitcoin as an crucial part of their investment portfolio. As new patterns and trends emerge, so too will analysis, education and mainstream understanding of Bitcoin will continue to improve.
This is the moment
To me, this signals a massive seminal moment of legitimacy that can not be understated. Hedge Fund guys are said to be the smart money but the truth is, with QE infinity forcing yields to zero, there’s not a whole lot of alpha to generate, leaving fund managers mostly investing in the same dog shit, copycatting each other and chasing returns.
They will soon see the purchasing power of their asset/income being diluted by unlimited money printing. They will soon realize the problem caused by money printing favors the rich and punishes the middle class and the poor.
So you can watch preachy speeches based on misguided economics, you can whinge about inequality on social media and you can protest in a vain attempt at improving our current system.
Or you can put your money where your mouth is and vote for a better system altogether.
Vote 1 Bitcoin.
Are things different this time? In a way, yes and in many ways they aren’t. We are once again witnessing an overheated market, propped up by an astronomical amount of debt, the likes of which we’ve never witnessed before.
“Bananas grow on trees. Money does not, and bitcoin is the force that reawakens everyone to the reality that was always the case.”