BITCOIN IS AMONG THE BIG, GRABBING MARKET SPACE
Every morning I look at a coin market cap, I assume it will be higher than yesterday. Indeed it did slide a little bit more. Almost every other you can be sure it is moving to that direction. We all know what goes up must come down. So far Bitcoin is living to its expectation to climb accordingly.
I have to say this is not old news nowadays. The prediction was there right after the last halving. Less bitcoin being mined and the demand is not like 2017. Another way of saying it more people are holding to it. This is what we called a store of value. The cool part of all of it, everyone can participate to hold a fair share of Bitcoin.
The importance of Bitcoin has been pronounced more this year, 2020. Definitely $20k should be attain with ease this year going into 2021. Since Bitcoin is being traded almost everywhere, its value is leaving behind big public companies competing for your hard earned fiat currency. Walt Disney, Home Depot are among big name trading in the market. Bitcoin just seems to mind its business and moving closer to take into P&G and soon Chase.
The power of the people is resounding well with crypto. Apart from decentralization, the finite number for bitcoin helpa a lot to hold on to its value. Lately big companies are buying into it. I start to understand bitcoin is like a big bandage for the world financial problem. Since nobody trust any fiat, everybody with a right mind trust this easy to move financial vehicle : Bitcoin.
You would expect #gold to perform great right now. It is quite the opposite with how the market is performing. Gold is more steady where right now most folks would prefer to gamble and earn a little more. Gold has a higher market cap than bitcoin with a caveat. No one knows the amount of gold existed. Where 21 million bitcoin will ever existed. This is a plus worth mentioning. This is where crypto and to an extent the stock market prevail. I have a feeling owning a bitcoin is like having a classic car in your garage except this time, it is accumulating value instead of dust.
Since we all value its intrinsic value, more will ask in the name of bitcoin. Give or take this could be the amount separate bitcoin from its all time high: $1369.39-+ Writing this line I come to understand if evrything falls in place we are very close to $30k/bitcoin. This is a little scary to say if red and blue are still playing tic tac toe. Uncertainty is bitcoin biggest strength. The more exists the more it swings one way. We could have this milestone before December, just assume at the speed we are now. So what is stopping you to stack satoshis?
Posted Using LeoFinance Beta
