Hey Jess HODLr's and Sat Stackers
As I become more of an OG in the crypto space, I start to see things differently to what I once did before. When I first got into crypto, I saw fiat as the safe space and crypto as the volatile space where we speculate and try to make gains to cash out into fiat. I think a lot of people think that way and for many noobs in the space this is how they see the two classes of money.
As I've ventured down the rabbit hole, however, I started to see the frailties of fiat money and the sound money principles BTC tries to achieve over a long period, which is why I am long Bitcoin.
Risk and return
The fact is, trading my time for a living and building a business is going to bring me cash flow, which I need to survive, but for it to build wealth, I need it to scale up to more significant than what is within my control. Very few people become hugely wealthy in business by keeping their operations small; it has to expand.
This is why investing is so attractive to the average person, instead of having to do all that, you trust someone willing to do it, provide them with your capital and get a return if he or she pulls it off.
The task is monumental and has a slim chance of being fully realised; however, not being a world reserve currency is not the end of the world for BTC. Is gold a world reserve currency? No, but its an 8 Trillion Dollar market, because the world trusts it as a store of value, with time, more people will hopefully trust Bitcoin, and we'll see it grow from Billions to Trillions in market cap.
The larger the market cap of BTC the more liquidity flows into the market overall and projects benefit from this and grow which I think we will see in the future, the rabbit is now out of the hat.
Expanding the asset class
If you take what BTC is trying to achieve, you have to be bullish on the ability to become a global reserve currency and a parallel market and asset class, this is some ambitious undertaking. It's got so many more projects resting on top of it. This could be done via the lightning network or through an altcoin that has a base-pairing with BTC for trading.
As an early investor
BTC is 11 years old, but I still see myself as an early investor and at this point in time its a game of accumulation for me. The more sats I can get the better, I use arbitrage between fiat and altcoins to stack more BTC on both ends as I feel it is the key to unlocking the wealth potential of the space.
I always talk about being part of the 21 club, having a whole Bitcoin and why it is important. Looking at the dollar value of BTC at any one time is misleading so what I have been looking at is BTC VS Gold and it's looking promising to see something like gold obliterating fiat hitting all-time highs and BTC still rising against Gold.
This is why I've never looked at dollar value but only in the number of Satoshis I have and if you want to know if you have enough Bitcoin, look at how much you have versus the percentage in circulation.
Getting a piece of the action
Bitcoin allows anyone to get in on the action, no matter how big or small, you could have a few Satoshis or a couple of BTC, it all has the same purchasing power that the market sets and if you're long BTC you'll know that stacking your sats is all that matters.
There are currency 18,456,562 in circulation, so if you had 2 BTC, you would have 0,00011% of the circulating supply. This is where market cap and value will start to mean something to you because you can then say if BTC becomes a trillion-dollar asset class, do I have enough skin in the game to make myself as wealthy as I could like to be in terms of purchasing power.
To have a trillion-dollar market cap isn't by itself an achievement, especially with all the money printing we have today so measuring in fiat is tricky and misleading.
This is why I look at alternative measurements to try and gauge my risk and position sizing.
Perhaps I drink too much of the crypto-Koolaid, but I've seen enough to know that these cycles my come and go but the long term trend is upward and to the right and that's what I am banking on going forward.
BTC could even fail but blockchain will succeed and having skin in the game means you will see part of that rise in a new asset class.
So whats your percentage exposure to circulating supply? Do you care? How do you know if you have enough crypto?
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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