It took 12 years for the first nation to adopt Bitcoin and it took 9 months for the second. So, it just looks like the exponential increase in state level adoption is going to be a thrilling snowball to witness. Countries with high influence over global finance will be the ones who hold more Bitcoin.
2010: “A bitcoin?”
2011: “No one uses it”
2012: “Only a few geeks use it”
2014: “Only a few criminals use it”
2015: “Only a few libertarians use it”
2017: “Only a few people use it”
2020: “Only a few companies use it”
2022: “Only a few countries use it”
Those who missed buying BTC all these days were like I wish I had listened as it is now a global currency.
And now, Fidelity added Bitcoin to their new retirement plans. This is significant because Fidelity currently has $2.4 trillion in 401(k) assets, with over 23,000 companies, making Fidelity the largest retirement-plan provider in the world.
Meanwhile, Bitcoin Core 23.0 has been released. Open-source developers contributed to the 23rd major update of the original Bitcoin software client. This is the beauty of being decentralized and open source.
Regarding the price trends, popular opinion is that Bitcoiners have to do what they do best HODL. Sooner or Later, it is going to go up again. Further, the claim is that Bitcoin has been engineered to increase forever in price and security.
When it comes to investments, it is important to remain calm. This is particularly so when it comes to investments in Bitcoin and cryptocurrencies. It is important to learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up.
Community Criticisms: So, you lost me on the forever thing. Still don’t understand how Bitcoin will maintain miner security after mining rewards are finished? With transaction fees.
This is my analysis: About 80% of crypto is owned by 10% ultra-rich. 15% market is owned by 30% of people who are millionaires & 5% is owned by 60% of small fish. Top 10% gain at the expense of 30% middle. Small fish keep hopping and hoping. It’s a major wealth transfer protocol.
Believers: Satoshi Nakamoto designed Bitcoin to be the solution to all the problems of Fiat. It’s utility includes: Borderless, permissionless and trustless way of making payment. And, the scarcity of Bitcoin with increasing demand makes the price to be forever increasing. BTC is amazing.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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