Twitter handle Bitcoin pointed to: In less than a year, prices seem to be moving: Gas (average per gallon): $1.77 v $3.00; Lumber (1000 board ft): $332.00 v $1,570; Home (average cost): $283k v $329k; Coffee (per pound): .96 v $1.50; Corn (bushel) $3.19 v $7.22; Copper (per pound): $2.33 v $4.76.
Observation is the rule. Those who intend to invest should observe. As opposed to following group opinion, it is good to DYOR – Do Your Own Research. It is very obvious that those who are having billions are working to get named in the crypto billionaires list. Look at Elon Musk, Michael Saylor, and others. Billionaires have been buying the dip while you were selling.
Talking about Bitcoin:
Stanley Druckenmiller stated, “I do own some of it.”
Paul Tudor Jones stated, “Just over 1% of my assets in Bitcoin.”
Ray Dalio stated, “I have some Bitcoin.”
When many of them are like, “Sell all the BTC and don’t look back.” Those who are intelligent are gearing to hoard BTC.
They must be onto something. “3 Billionaires (not Lower-income wagers/Middle-income wagers) into Bitcoin. It is not the “everyday person.” Billionaires are very clear about how important money is. It is important not to miss the point – BTC makes sense in terms of investment.”
Billionaires in the game also mean that they will get the massive institutions they lead into BTC. Look at Elon Musk; he sure has been making statements about BTC and Tesla, but the whole idea of him firing things up is to be clear about his investment strategy. He got the whole world to discuss sustainability. When sustainability is proved, he will surely adopt it for his institution. He is already invested.
It is very obvious that, “Everyone who has some money and investment culture has “some” Bitcoin.”
It is also true that, Bitcoin collapsed ~50% since its 65K peak during the last three weeks. Many are feeling that the trick is clearly over. However, it is important to know:
The trick is to buy insurance before you need it, and the same goes with BTC. And, all one should be careful about is to ensure the keys are not stolen. When it is stored alright, and you have the keys, you will develop clues as to how to improve wealth. Bitcoin is the best store of value.
