Handling Wealth

It's been around 15 years since I stopped using a TV, paid any attention to any crap of news, ditched facebook four years ago, and I read more newspapers in college due to the profile I was was studying than in my entire life. I don't trust media. Period. It's full of crap, it's manipulative, misleading and it serves just a few entities and small groups of people rather than the masses.

I do use twitter quite a lot and I'm somehow picking all sort of news and events out of this platform to make myself an image of what's happening in the world and where it might head. I haven't first heard of Bitcoin from TV and probably neither did you. Most of the media outlets that publicly talk Bitcoin are doing that in a shallow way.

They often bring about the discussion regarding the volatility of it, question its intrinsic value and often times are FUD spreaders. I just stumbled upon an e-mail screenshot on twitter, dating from 2009, right after Bitcoin was created and the guy writing it, Hal I don't know who, was envisioning Bitcoin at $10 million, something many of us did over time.

The idea was that if Bitcoin would succeed as the dominant payment system and considering that the total wealth in the world would be $100 to $300 trillion, dividing that by 21 million Bitcoin which is the maximum supply, we would get a $10 million BTC... some time in the future. One thing that this guy Hal has overlooked was the fact that the last Bitcoin will be mined sometime in the year 2100.

We don't know what the total world's wealth will be at that time, but my bet is we won't have dollars and euros any longer to trade them against BTC. I believe that the store of wealth and current payments system will be redesigned entirely by 2100. I've mentioned a few days back about a stable coin named RAI, that's not pegged to the dollar or any currency, but still stable against ETH on a DEX. This concept offers me the vision of a future world with totally different economies and financial values.

I find it very hard to explain, but to put it simply I'd say the current fiat mentality will be diluted by the digital soup that we're gradually emerging into. Hard to predict what Bitcoin will be ten years from now, but when you have Tesla Already Profiting More From $1.5 Billion Bitcoin Buy Than 2020 Car Sales, MicroStrategy with a few billions on profits as well, all of that in just a few months, you get the perspective on where this thing is heading.

There will probably come a time when Bitcoin won't buy you dollars anymore but it will for sure buy you something and owning Bitcoin and other cryptos that have strong perspectives for the future you could say you've pulled yourself a ticket for a wealthy future. How wealthy that will be depends entirely on you and how much you pay attention to the real metrics and stay away from the information for the mases, and chose the one for the classes as Alessio Rastani use to say once in a while.

Bitcoin has had quite a few dips and corrections during this bull market and it will have more by the end of the bull market, and almost every time these occurred the media brought the bear market topic under the spot light, famous financials institutions CEOs called for severe corrections and so on. My take is that Bitcoin won't go to six figures over night and it won't be a straight line shot, but more like a roller coaster one.

If have any doubt about the price of Bitcoin continuing to go up just have a look at the graph above pointing out towards the continuous dry up of Bitcoin on exchanges. Isn't the uptrend obvious now? The more BTC on exchanges the more selling pressure and vice versa.

Wealth is something most of us are chasing, consciously or unconsciously, throughout our entire lives, but how many are able to handle it, or better said how many are capable to handle the bumps on the road towards reaching that long desired wealth and at least envision it. Going with the flow of the masses you'll never make money and never develop a true vision of the future.

The masses are lead by TVs and newspapers and their personal understandings are shaped by these forces. No wonder the media is called the fourth largest power in state, because it indeed has an immense power. If nobody would have watched TV, read the newspapers or give a damn about Facebook there wouldn't be a pandemic now, and billions wouldn't be falling to this world wide gross manipulation stealing our freedom.

Crypto is a highly volatile space that can turn the poor into becoming rich and vice versa, but one has to be careful in picking his info determining the direction of his investments. At this point it's somehow clear that Bitcoin will become a $10 million asset, or lets say currency, and that was somehow designed since its inception, but too few have the eyes for that. Too few are getting the grasp on where this crypto thing is heading.

Hope everyone is having a great Monday and start of the week and wish you all the best. Enjoy the current times we live in crypto, enjoy the ATHs, the dips and everything that's part of this journey because it's a hell of a ride. Not all metrics point to a $10 million BTC but some do and thee are the ones that matter...

Thanks for attention, Adrian

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