Not to mention that bitcoin thrives on being the underdog... it’s a semi-sovereign alt-currency built by pirates that were disillusioned by the “economy” and the dollar... as long as the young stay awake, bitcoin will always be... keeping institutions on their toes and providing a checks and balance that bonds never could.
Anthony you nailed it: why is bitcoin going to be just fine? How many young people do I know that have stocks or a mortgage! Or can even afford rent these days? Yet how many have bitcoin and crypto portfolios? Many! We’re talking about a new generation of investors that have lost faith (if they ever had any to begin with) in a world of financial institutions that seemed inaccessible and against them from birth. Crypto and bitcoin are that haven. And they aren’t going anywhere. Mostly because they represent anti-establishment and financial sovereignty. Many older “investors” and advisors and institutions that invested in bitcoin during the pandemic as a hedge against inflation may pull out a bit but they were never the core of the young up and coming wealth coming in that truly have faith in it. Great insights and connections! Cheers
mmm ok so Fed goes brrrrrrr weak dollar Bitcoin up, now no more brrrrrrr strong dollar and you are saying Bitcoin still up, well whats the point of any further analysis then, Bitcoin up always
The fact that short term trends are being compared to longer term trends, makes me uncomfortable about this entire analysis.
Not to mention that bitcoin thrives on being the underdog... it’s a semi-sovereign alt-currency built by pirates that were disillusioned by the “economy” and the dollar... as long as the young stay awake, bitcoin will always be... keeping institutions on their toes and providing a checks and balance that bonds never could.
Anthony you nailed it: why is bitcoin going to be just fine? How many young people do I know that have stocks or a mortgage! Or can even afford rent these days? Yet how many have bitcoin and crypto portfolios? Many! We’re talking about a new generation of investors that have lost faith (if they ever had any to begin with) in a world of financial institutions that seemed inaccessible and against them from birth. Crypto and bitcoin are that haven. And they aren’t going anywhere. Mostly because they represent anti-establishment and financial sovereignty. Many older “investors” and advisors and institutions that invested in bitcoin during the pandemic as a hedge against inflation may pull out a bit but they were never the core of the young up and coming wealth coming in that truly have faith in it. Great insights and connections! Cheers
mmm ok so Fed goes brrrrrrr weak dollar Bitcoin up, now no more brrrrrrr strong dollar and you are saying Bitcoin still up, well whats the point of any further analysis then, Bitcoin up always
bitcoin is fast-becoming a macro assset; this is unsurprising and good for everyone.