Welcome to the age of digital currency. Even fiat currency is becoming digitalized. Just have a card you can
swipe it and instantly you are buying without holding a paper money. It has become old school in some place
to use cash. I know you heard the news while back about the Whole Foods store with no cashiers. You come in, you shop and the system
charge you through the card you have in file. I have shopped at Wally World and I do not touch the self-serve register.
It shows how much we are moving forward with digital currency.
While weak hands are crying afoul, diamond hands are looking for ways to cement their position in the world of digital currency.
Yes the value of Bitcoin cascades to more than 40% from ATH, it does not deter the institutions to amass crypto in a record setting.
You probably heard of the Miami BTC conference. So many prominent crypto investors did talk and as you know the voice you hear
in unison is the holding one. What else would they say? This is how they earn a living. Do not get me wrong, they are doing both to leverage the cost effective and make the profit for their clientele.
One of the Gemini founders, Winklevoss brother stated If you own BTC today, definitely you will be a millionaire tomorrow. This quote comes with a lot of asterisks. You and I do not need his quote to know this truth, knowing BTC is the only finite asset with an exact number. 21 million. Others later follow the same route but BTC is the first. In the world they are 51,882,000 people worth a million or more. Understanding this number makes me realize if each would like to own one bitcoin, there would be big problem. It is impossible for all the rich folks to acquire one bitcoin. For big companies they are around 40k of them around the world. Just 32 have BTC on their portfolio. It shows from now till 2024 before the next halving, BTC in general term, crypto will change the landscape all together.
I see why if you and I manage to hold a BTC, we will become one of them. No bad to be a hodler now.
Every time I heard this news from Microstrategy I am asking myself, what is next? They are raising another $400 million for the sole purpose to purchase more BTC. In a way it will put pressure for other big companies to do the same things. Saylor is trying hard for institutions to hold BTC. It is working cause BTC has not fall way below $20k since last big drop we all witnessed. Just like holding Gold needs so much middleman, BTC cuts all that and very easy to transact. Microstrategy is using debt to purchase BTC. Only accredited investors can participate. On the other hand the company is giving the market a different look on what to hold in the balance sheet. The debt Microstrategy holds, that debt is backed by Bitcoin. Smart move!
Time goes with crypto holders. Drop is facultative to the rise of crypto. The mindset remains positive despite the course we are all encounter. Holding is not for weak hands. Taking profit is part of the business. It gives late comers the opportunity to get in. The chant to hold crypto should not be taking lightly. A time will come after holding for years, you can live solely on interest of your crypto. DEFI is showing us the way. That could be Microstrategy way. Holding BTC now and later use it as leverage for the company.
The same can be said for Hive. As BTC grows to reach the value of Gold, Hive will rise proportionally to fit the interest of the holders.
This is a long shot home but doable if you know what you want to achieve.
Right now folks holding Gold are protecting the market against crypto. They are the same folks who will try to purchase as much BTC as possible. $500k/BTC will bring light to the World financial market you see today. Just like you see wrapped BTC, it means another asset back by BTC, folks will buy stock back by Bitcoin. Grayscale has been doing it for a while. Microstrategy is doing the same thing another way. The future with crypto is not just bright, it is abundance to the detrimental of folks holding fiat currency. Hard to believe this concept cause you see Microstrategy is using fiat debt to buy BTC. If BTC rises he can pay that very quick and the company sits on pure profit. It is weird the company concept but this is the new way to reverse the course of the company portfolio.
Production meets action. Always hold the asset with comprehensible volatility. Crypto is very volatile. As you look at BTC since inception you will give your life for this volatility cause it is measurable. No matter the flop, holding BTC is always positive long term. I can say the same thing for an infinite token like Hive, Holding Hive gives quite a few perks. It is up to you to find the right balance throughout your adventure.
Keep this quote in mind while you hold Never give up on a dream because of the time it will take to accomplish it.The time will pass anyway by Earl N.
Keep stacking vests.