To be or not to be at $100k for Bitcoin.
Why are we in such a rush for Bitcoin to reach a $100k ?
It's already surpassed the all time high of $68k it reached during our lockdowns & that took place only yesterday or it feels like it was but a day ago.
Bitcoin adoption is clearly on the table so the longer it remains at lower prices the more time we have loading up versus a price that skyrockets causing every other Financial institution including Countries & governments loading up on Bitcoin at a pace that prevents the consumer from having a slice of the pie be it just a taste.
The Trump administration has already said they would be buying 100 000 Bitcoin that would be held in the treasury reserves, that 4 % of all the Bitcoin & the way MSTR is buying they already own 1.57 %, so do the maths, we can then say that very soon 6% of all the Bitcoin would not be available to the retailers.
Let's rather not wish for an imminent or immediate $100K Bitcoin, let's ride the wave while the opportunity exists as this opportunity may never present itself again & don't forget to hold on as these waters become turbulent.
Disclaimer: It's good to sit on the fence every so often to look at a situation objectively to see what's really happening rather than becoming emotionally invested and being motivated and influenced by all the FOMO & believe me there is much FOMO driving this market so navigate the waters carefully.
Please do your own research, understand the markets including the volatility of cryptocurrencies and remember life is a journey full of challenges & opportunities.
Happy Investing Tiger Traders.
Comments
Nice sharing. HODL!!!!!