Dan Held recently pointed to how you don’t actually own your stocks, but your brokerage does, and on how it is possible to really own Bitcoin. Further stated, to self-custody your Bitcoin you should buy a hardware wallet, store your back up and transfer your BTC.
Dan points to how Google takes your privacy, Governments take your rights, Hedge funds take your money, and Bitcoin gives it all back. Thus, anyone who owns Bitcoin for once will never go back.
Users are reinstating that the probabilities are high for the governments to regulate Bitcoin. Anything that is worth anything will ultimately come under the control of the government. However, for now Bitcoin is one of the only assets left that the bankers don’t control.
Bitcoin is considered to be a way to unite and to take control of our money. It is more than a technological breakthrough, it is a social one. For those who have differing opinions about BTC, they need to be just educated about DeFi, Bitcoin, and Ethereum.
Bitcoin is an open-source software and therefore maintaining access to this document is important to educate others about the financial freedoms, which the technology offers.
By simply owning Bitcoin, one is a part of one of the biggest revolution in human history. And, for those who had to state that Tether will crash Bitcoin, there has been a comprehensive video from Dan Held tearing down concerns on why Tether is representing an unhealthy % of BTC volume, working as a fractional reserve, and as being used as a tool to pump the price of Bitcoin.
For anyone new to the BTC trends, it is worth starting to understand from The Held Report: “Bitcoin’s market cycle is typically around 4 years and some hypothesize the cycle is induced by halvings (a reduction in new supply). The idea being a reduction in supply + increase in demand = number go up. We can call this Bitcoin’s viral marketing loop.”
There is some real risk in Bitcoin considering its volatility; however, the bull narratives are meant to let people know that there is money to be made in BTC. There is risk in every kind of investment. Bullish narratives are important to give a projection of where the asset type can probably head to.
Reportedly, Fidelity, JP Morgan, Bloomberg, Deutsche Bank, Citibank, Jefferies, Blackrock, Susquehanna, Paul Tudor Jones, Stanley Druckenmiller, Guggenheim, AllianceBernstein, Bill Miller, Mass Mutual, and Ray Dalio are major institutions already in the game. And, they are in there for a reason.
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