“When in Doubt Zoom Out”
A saying used religiously in the Bitcoin community; but applies to the WHOLE human race. One could argue, what’s happened in the past 4 years was scripted. For starters, We’ve Never been More Divided as a Country, We've had the Worst Public Health Failure EVER, City’s became Engulfed in Flames, and so much more. What’s in the past is in the past. So let's talk about what's happening right now.
We’re seeing DOUBLE DIGIT Inflation and our POTUS is putting the blame on our Food Manufacturers and Farmers. The President said he’s looking into the “gouging that occurs in some of the pricing of beef and chicken and other things,” adding “we’re going to look at whether or not there’s a violation of antitrust laws in what they’re doing.” Leaving no mention of it being due to our money printing. At what point do they look in the mirror and admit they’ve messed up? I’m not going to put blame on President Biden for lying to the public and covering up our country’s financial status. I genuinely believe he doesn’t understand the problem and is being advised by unqualified officials. Being wrong is OKAY (sometimes).. They can use this as a learning experience. At what point are they going to QUIT the act of having everything under control. It’s blatantly obvious our financial system needs a tune-up. So what are the options?
Cash is a depreciating asset and that’s a FACT. If you hold onto your cash for 3 years you WILL lose purchasing power. 40% of U.S dollars in existence were printed in the past 12 months. With the treasury only holding USDs, they’re unintentionally expediting our country’s debt ceiling. Bitcoin fixes this. This isn’t an attack on the USD, but more so on gold and our store of values.
In order for Bitcoin to succeed we need a currency to transfer into stablecoins and use to buy/exchange for other digital assets. Bitcoin’s advantages include a fixed supply of 21 million (no more printing/gold mined), borderless payments, and instant transactions for sub $50 fees. For example, “Someone just moved 13,006 #Bitcoin worth $800 million for a transaction fee of $0.46. Try that with gold.”- Bitcoin Magazine. Name me another source of value you can do that with. YOU CAN’T.
Our government can easily transfer a percentage of their balance sheet to Bitcoin. History shows price increases with more people buying, thanks to the fixed supply. You’ve already seen aggressive investors like Michael Saylor (Microstrategy) buy $2.9 billion worth of the asset. (He doesn't plan to stop anytime soon) It may seem late in the game, but it’s still so EARLY. Bitcoins market cap hasn’t reached $2 trillion. Gold has a market cap of $10 trillion and our world's GDP is $80 trillion. We can all agree that Bitcoin has eaten and will continue to eat Gold’s market cap. Society is moving to digital and that’s undeniable. Will your grandchildren want to invest in gold or an asset they can access with their smartphone? Think about it, how would society look with a Global Decentralized Median of Exchange? How many PROBLEMS like international payments, late fees, customer service, etc would this solve? Food for thought, there's only 21 million bitcoin, which means there can only be 21 bitcoin millionaires. In addition, Bitcoin’s total supply of Long Term holders reached 80% this fall. Out of the 18.78 million Bitcoin mined, 80% were taken off exchanges and put into funds or cold storage. With just 17% of BTCs supply left to be mined, we’re left with a SUPPLY SHOCK.
Bitcoin's current price is $62,000 WITHOUT major institutions. So make your own future price predictions. Investing in Bitcoin means having to stomach volatility. This has been an advantage for the less experienced or newbie investors. After all, you were taught for the past 50 years to steer away from volatile investments. Bitcoin’s a DIFFERENT animal when it comes to this argument. If there was a permanent store of value for our WORLDS GDP it would be Bitcoin. It’s as simple as that.
So I repeat, you’re still early. I suggest starting small and “Do Your Own Research. Bitcoin’s twitter community often seems intimidating and full of assholes. At the end of the day, there’s a common goal of Financial Freedom and Investing in the Future. Ironically this puts money in the average Joe's hand and out of the Banks. So you subsequently turn into a personal banker while investing in an ever growing asset. Hopefully, I made you think about Bitcoin and where our country stands financially. I certainly used improper punctuation, but I DONT care. I actually like this style. Plan to hear from me twice a week. This Thursday I’ll speak about Bitcoin being the KEY to a CLEAN Energy future. Welcome to the new wave. Peace.