To The Moon

Crypto is the next technological frontier.. It is a disrupter technology similar to the internet, electric vehicles and all forms of technology that forces traditional industries to wake up and change or be obsoleted.. 

In this case, crypto has the ability to obsolete existing financial behemoths like traditional banking.. credit card and payment companies.. contracts and third party verification companies.. and eventually the monetary system as we know it now..

Just like the internet.. the technology is here and it is not going away.. whether people like it or not.. they have to find a way to incorporate it in their lives and businesses or risk being left behind.. 

No doubt there will be enormous resistance.. people fear what they do not understand.. and no doubt this phase will pass and once people can see its benefits and convenience with the right application in their daily life.. things will change very fast just like the convenience of e-commerce.. 

As for me.. i have a small part of my portfolio in crypto.. because i can see the potential in the technology and how it will be as pervasive as the internet in future.. 

The price action of crypto is because the entire monetary system is still built on fiat currency system.. Everything is traded of fiat currency.. with USD as the world reserve currency.. crypto will eventually take over as the currency ofchoice and when that happens.. it will be meaningless to think of it in terms of how much one bitcoin is worth per dollar.. but as of now.. vast majority are still fixated on this..

I believe bitcoin price in USD will still go up asthe amount of fiat currency printing will eventually have to be accounted for in some way.. bitcoin on the other hand cannot be printed and has an upper limit as dictated by its algorithm.. so this scarcity will make inflation a thing of the past.. very similar to how gold and silver is.. a true store of value..

Stay safe.. stay invested.. and keep an open mind..

Also.. for those people who say bitcoin can beuse for illegal purposes and money laundering.. go find out which fiat currency is currently on the top of the list of choice that illegal criminals are using for their activities.. no price for guessing the right answer [LOL] that is USD.. go think about it.. [Grin]