One of the Bitcoin Enthusiast stated, there will only ever be 21 million bitcoin. You don’t have to buy a whole Bitcoin. Don’t waste your time with Altcoins. Stop trying to time the market. You are running out of time. It’s still very early though. Get off zero and DCA. Orange coin good. Number go up. Moon soon. HODL.
Bitcoin is becoming an important part when it comes to talks about market allocation. Michael Saylor is taking an innovative approach to capital allocation. The markets are beginning to value the stance of Micro Strategy.
Someone tried to get some clarification on why the returns for Microstrategy went up towards the end but BTC went down? The reply read: Bitcoin had a dip in January. Microstrategy announced a conference and got exposure benefiting from that 15% premium Grayscale Bitcoin charges, better than GBTC because it may buy more BTC and also it is easier sell for non-bitcoiner (Norway sovereign fund long Microstrategy.)
For those who made profits for more than once with Bitcoin will know how it works. There is always someone in the crowd with a thought out of the box who stated, when the energy consumption for bitcoin or the fear of whales having all the power. The bitcoin wealth needs to be transferred to another blockchain. Then everyone realizes that everyone can create a blockchain and bitcoin have no value.
However, the reality is that a lot of research is going on to derive a method for low cost mining and someone is going to find a way to do it. And about the Bitcoin wealth having to get transferred it is already happening in the form of Wrapped Bitcoin and Wrapped tokens, but still the code identity needs to be Bitcoin.
Bitcoin (BTC) and Dan Held
Dan Held keeps reinstating that Bitcoin is a new species of money. We can think of Bitcoin’s genetic code as representing instructions that have been written to incentivize the organization and coordination of cellular function, which needs to be able to survive government attacks.
Dan pointed to how, during the 2017 ICO craze, there was a hypothesis that decentralization could be a sliding scale. However, in the context of government resistance, it’s a binary outcome that is hard to measure until that moment arrives.
He further pointed to how to build a crypto asset that can survive government attacks, it needs to be hardened on the protocol, social, and economic levels. And, that all levels are required to make it work.
