It's astonishing how many people blindly say it's a scam at this point. The market cap is close to a trillion. The use case is simple supply and demand having a finite supply. The more QE and money printing that takes place, the higher the bitcoin price goes up. The more adoption there is, the higher the price goes up. It's decentralized and nobody has the authority over it. I got into bitcoin before it was cool and mainstream and I've been debating people for years about bitcoin and other crypto assets.
Before there were some valid arguments, but at this point, sovereign nations are using it, the SEC accepts it, and the FED wrote an entire article about the benefits of crypto. Major banks are in the process of switching to the blockchain. All of all Wallstreet is getting their hands on whatever exposure they can. I mean, at what point are people going to admit they are wrong? It's becoming ridiculous at this point. There's a massive demand and use-case for the utility of crypto and bitcoin.
Why must the sheep be told what to do? Of course wallstreet and politicians are going to go against it. Everytime they've gone against it, they've been accumulating in the background. Look at JP Morgan lol. Governments can't control it, so of course they'll spread rumours about it.
It's definitely an unusually lucrative opportunity. Mind you central banks and other lobbyists are setting their sights on crypto staking, mining and stable coins.
I'm presently day trading it, and getting ready to teach a class on it soon. (Not taking clients here for privacy reasons.)
Bitcoin will serve as an excellent gold alternative asset. Unfortunately with the know your customer legislation a lot of the anonymous difi elements of the crypto scene are likely to be outlawed.
Nice. Options and futures are very lucrative as well. Typically I just go 10x leverage. Put in a 20x long at 32k lol. It’s doing very well. Taking profits at 49k. Getting a weekly close above the weekly 21 EMA is insanely bullish. I agree with the crack down on defi. Gary and the SEC just recently made that announcement.
It is a fiat currency that is even less safe than government currencies. Tomorrow morning, it could pass away as a morning mist. I trust gold, silver and ammunition.
