Reportedly, 49% of influencers prefer Bitcoin over Fiat currency. Social media influencers are leading the path towards mass adoption. Forward thinking influencers are able to adopt BTC without any second thought. They have thought it all deeply and have investigated it all well. They are very clear about how the shift is taking place and the kind of collaborations, which are making BTC work.
Lark Davis shared: The world is a crazy place; just buy and hold Bitcoin and you will sleep better at night.
Community response: Bitcoin is a hedge against inflation and economic uncertainties. One minute, the value of your currency is superb – the next minute it’s depreciating massively. Bitcoin has a steady long-term upward projection, unlike fiat that devalues. Bitcoin is the solution to finance problems
While some say the reality is that “Bitcoin is not going to protect your individual rights nor will it ensure the path forward is clear for those who come next” – The reality is for Bitcoin to protect individual rights.
Dealing with Bitcoin is not the same experience for everyone. For those who have discretionary income it can be the same. For those who have immediate needs to attend and no other source, holding on to BTC forever might not be an option.
It is true that if there is no risk there is no reward; however, it is also important to contemplate on how the entire investment process will work for your personal economy.
Higher risk higher reward potential correct, but it also means you need sustainability to sail through the highs and lows.
Despite all the volatility, BTC is promising. Those who short see that the sooner they short their position there is a major upside and this kind of cycle continues and every kind of BTC investor should expect this to happen.
When the price falls, it does not feel sustainable for those who bought the late dips – the higher dips. It feels better to liquidate and to go all altcoin. Those who do not have a substantial financial backing might feel it like a nightmare when the price goes down.
Geopolitical tensions, loss of employment, inflation and there is more to worry. However, there has never been a perfect store of value any time. No matter what be the currency, the rich were rich and the poor were poor. Wealth building can be done with anything, it is about skill. Bitcoin is not the holy grail – it cannot be the only thing of value.
At the time of writing, the price of BTC was trending at 43,635.90 USD.
Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.
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