Home Bitcoin News Bitcoin (BTC) Value Will Increase With Increasing Global Wealth

Bitcoin (BTC) Value Will Increase With Increasing Global Wealth

Bitcoin (BTC) Value Will Increase With Increasing Global Wealth

Michael Saylor expressed:  Bitcoin is for you.

Community response:  Bitcoin does more to reduce inequality gap than any government social programs ever existed in a civilized human history. I wish I could have bought more when it was 30k, but I bought as much as I could.

Who agrees to Michael Saylor buy out bankrupt country, revamp the government, provide free housing, education and groceries to the citizens? All in the back of BTC investments of course.

Would not support an entity that provides everything free. That’s disincentivizing and not productive. Rather, harness education and programs to build ecosystems of farming/transport/education within a free market society.

Set up a recurring savings plan for Bitcoin. Don’t trade and don’t worry.  Why will anyone buy bitcoin when it reaches high prices? The only reason people buy it now is in the knowledge someone will buy back higher. It has no utility. Once it reaches $1m or whatever price it is, there will be no demand for it. It’s useless Internet gold.

And because global wealth is increasing, bitcoin value WILL increase because the monetary supply stays the same but must account for more wealth. Inflation and money printing is the reason people are staying poor despite technology increasing efficiency 100x.

Don’t believe everything you see on the internet about Bitcoin halving once every 4 years, it is for the miner’s rewards. Let’s say now after 2020 we get 6.25 per block, after 2024 we’d get 3.125 per block. Only the rewards halve, not value. Value will go up with demand.

This is probably dangerous. Bitcoin is not for everyone. The crypto space is filled with scammers and rug pulls.  Bitcoin is for everyone who has realized that crypto is a scam.

This is something I can’t say about Ethereum It certainly isn’t for everybody to pay $150 gas fees and still have transactions fail or simply get misplaced and lost.

For everyone who wants to change their financial status, wants financial freedom and wants to create wealth.

As digital gold, Bitcoin has monetary value. We do not recognize that bitcoin lacks intrinsic value. Unlike diamonds, art stamps, gold, bitcoins do not generate cash flow. Yet all of these asset classes have monetary value, and most of them are seen as a means of storing value.

I’m watching $60_$65k as the next resistance for Bitcoin.  If we can break that range with confirmation, then the 2nd half of the bull market is starting.

Bitcoin will reach 65000 because now people know it’s serious.  it’s a way to save money, to invest, a different option for those who believe you cannot be expected to be working every day until you reach an old age in order to stop thinking about nothing but bills.

Your unwaivering resolve is impressive. What is your morning ritual to get in the right mind-set?

 

 

 

 

 

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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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