01/10/2023
BITCOIN IS KING:
A client asked me today: "I am concerned Crypto won't go up, ESPECIALLY Bitcoin. What are your thoughts on this?" This was my response to her.
The Adversity:
The economic crisis we are going through is unforeseen in history. Between the pandemic, inflation and extreme world events, and also, we have the SEC cracking down even harder on digital assets. These are some of the factors at play that we have to consider. During great adverse times is when the greatest opportunities are created for those searching for them.
The Opportunity:
With that said, we have never had so much institutional adoption as we have now. The amount of BTC being adopted by countries and large institutions is incredible. Markets always work in cycles, and there is nothing that can stop that. Supply and demand will happen no matter what, and trading will happen no matter what.
Now if anything will survive this, it's BTC. It is the only digital asset that has all the criteria for sound money and is confirmed as a commodity, not a security, and the only one that is truly decentralized.
There are lots of people much smarter than I am who would put their money behind BTC before any other asset class, especially before any FIAT currency. BTC is the strongest asset class in existence, and this has been proven time and time again.
It has outperformed every single asset since its inception.
It has averaged 200% APY since 2011.
It is the only asset class to achieve 1 Trillion market cap in 10 years; as an example, it took Apple 42 years to achieve that.
Finally, BTC was created to survive depressions and market manipulation.
To me, the only way BTC loses is if the government can scare people enough to sell their BTC so they can buy it up and then control the supply. Remember BTC has been declared dead over 400 times, especially during the consolidation portion of the bear markets, which we are currently in, but it always bounces back stronger.
All the FUD (fear uncertainty and doubt) is pushed by the media purposely to shake out the weak hand and create panic. This way smart money can swoop in and buy cheap BTC. This is part of market psychology and understanding market cycles.
If you have any questions about this, leave a comment.
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