As the years go by, there are a lot of things that changed our landscape without remembering if their use is still legit. Mechanic lighter proves to be more responsible to light a candle or to turn on your gas stove. Lately it is a lot easier to use flashlight instead of candle. Same thing I can say for electric stove instead of the gas one.
In the long run gas stove proves to be more reliable in all weather.
It does not stop people from buying more and more electric since power outage is almost non existent for some many.
As we go forward they both coexist and serve their purpose. I can say the same for fiat currency, money transfer around the world. While crypto offers a better alternative, we are still force to use the old system since most find it easier and convenient.
I cannot believe I am saying convenient for fiat when crypto is so convenient, with a strike it can take away all fiat currency with one swap.
As we are waiting for the flip, it remains to be seen.
As you can denote January proves to be a boring month for crypto. At the same time boring is good. It makes life for crypto holders more sensible to what will come.
Inflation will always be around. It will put more flair to the future of crypto.
You know well this saying, if it ain't broken why fix it?
This inflation has broken everyone with limited resources.
The problem is this inflation has been around in the world for years.
The West is about to feel it the same way.
I mention this month is boring for many reasons. One of the reason that attract me, the moving sideways of the crypto market. While #BTC is still around $40k+, most of the altcoins stand to weather the storm. Only a few will survive.
While BTC may not drop past $40k, it stands to energize the whole crypto market very soon.
You probably heard the news about the Fed and stablecoins.
It is about time a FED CBDC to come out. But do not put your hope in any of this.
It is all talks with no action.
Value always comes from the private sector. Yeah I know the Fed is private in a way but the relation it has with the gov clouds the thinking.
This is just a list of companies holding BTC and you can see this list will continue to grow this year. So it is an affirmation that grow will always come from community and public companies looking to fight inflation.
This is the same set of principle for our community. We grow by understanding our role and give Hive the direction we want it to take. Looking at entry level and today value, you can see the line where BTC has been doing what it should do, hold value as asset class.
I guess dropping from $67k to $42k is in any mean a deterrent for flash sales.
We have not seen yet the full capabilities of crypto. I do not think we have seen what crypto can do for humanity.
We all see the saving it brings. The emergence for the un-bank to hold funds in their phone and doing business thanks to crypto. It may not be a big deal yet for some but it is coming.
Just another strike like a match will change crypto perception for everyone.
The market looks prone to remain this way for a while. The first quarter of 2022 will say a lot for crypto. It may be a dormant year where everything is moving sideways. Another way of saying it, it is a consolidation year where only time will tell and the strong survives.
The minute the switch flips, it will take off like a fire.
You know how fast a match burns.
Be ready and position yourself.