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The whole idea of crypto is to eliminate middlemen so that we don’t need Mommy & Daddy to protect us from scammers. This model of centralized fundraising rolls out the red carpet for regulators. The reality is that doing things has risks, Not doing things is usually a bigger risk. It has always been proven that strong demand changes everything; However, ddepending on what the demand is and price.
For assets like Bitcoin, when each and every wealth manager will start deploying just 0.5% of their AUM in the asset class, there will be no turning back, because once you pop you can’t stop.
With several daily newspapers discussing Bitcoin, more awareness is getting created and it just looks like there is change in the air.
Pomp Expressed: The largest asset managers in the world now believe it is risky to have zero exposure to Bitcoin.
It is very clear that in 2017: Bitcoin was risky to have 2021: Bitcoin is risky not to have.
This also means that Wall Street institutions are buying most of the BTC every day and retailers are selling most of the BTC every day, which means BTC is being capitulated and owned by the same bankers it was supposed to defeat ushering in a revolution of continued status quo.
Those who still do not believe in BTC are like: Is it risky to not have a highly speculative asset in your portfolio that drops 25% in a week, right. Keep this pump going as long as possible. When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the belief that one can get something for nothing. Years of preaching Bitcoin is finally resonating.
The reality is that the swings are exhilarating. But it will just keep going up forever. Many were always indifferent to it for years. However, hating it without understanding it – needs some correction in attitude. If you’re comfortable with oil losing the USD peg, more power to those who believe so. BTC isn’t inexpensive by the way. The reality is that the time to be early to Bitcoin is running out.
With inflation rates rising exponentially, hedging in cash long-term has become the worst strategy out there. As far as alternatives go, Bitcoin is as strong as they come. We are seeing the inevitable wave of adoption of Bitcoin and global acceptance rolling in full-force.
