Home Bitcoin News Bears Might Take Control of Bitcoin (BTC) With the Floor at $39,000

Bears Might Take Control of Bitcoin (BTC) With the Floor at $39,000

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BTC is trending in the $47,000 ranges. Reportedly, if bears take over the floor is expected to be at $39,000. Believers expect the price to trend as high as $100K by the end of 2021.

On the regulatory side, the Congress are trying to treat BTC more like stocks; however, the SEC are surely coming on several Altcoins and stablecoins soon.

Michael Saylor expressed:  Bitcoin volatility will decrease, public confidence will increase, and institutional and retail adoption of Bitcoin and Lightning will accelerate as regulatory clarity comes to the digital asset space.

In a recent interview Michael Saylor covered MSTR tripling down on Bitcoin and also about his thoughts on regulation, the significance of El Salvador, and the role of Bitcoin as an institutional grade digital asset.

The overall impression is like Michael Saylor is going to have all the Bitcoin? They still have 18 million to go and it just looks like Michael Saylor has taken the “live forever potion” and therefore is going to have all the Bitcoin.

However, Michael Saylor Philosophy is:  You never actually own Bitcoin, you merely look after it for the next generation. May be he meant it metaphorically.

For clarity, Metaphor is a figure of speech that is used to make a comparison between two things that aren’t alike but do have something in common. A metaphor uses this similarity to help the writer make a point.

Community response;  Gold is up less than 10% in 10 years, even failing to keep up with inflation whereas Bitcoin is up almost 120,000%. Bitcoin is not digital gold, it’s better.

Bitcoin lightning is the next monetary system for the world. Bitcoin is the hard asset, lightning is the payment network. Other stuff on top of those will be awesome too.

18-year-olds: “Can I learn how to invest in crypto?” Society: “No that’s too dangerous” 18 year old: “Can I get a credit card and take out massive debt?” Society: “Let’s Go!!!!!!”

Smart 18 years old : get a credit card to buy Bitcoin. I’am ready to buy the regulation dip. Would rather it happen sooner than later so we can get the party started.

Yes! Regulatory clarity will definitely usher in the masses and is GOOD for Bitcoin.

No mention of DEFI on BTC? Most undervalued project of the decade if you are bitcoin technology bull.

All the while, Bitcoin doesn’t care – tick tock, next block.

 

 

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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