I try to avoid telling people to buy Bitcoin. I tell them to study it. Why? Because I KNOW that if you buy Bitcoin without understanding what it is, you will sell early and regret it. Bitcoin will destroy your emotional state if you're not ready for the volatility (like the pullback we're experiencing right now). I know people who sold at $20K in 2022 because they thought Bitcoin was going to $0 and now they're kicking themselves. I know people who went all in at the $70,000 because they thought it was going to $100,000, and now they're panicking. Don't make the mistake of buying anything before you have an understanding of what you're buying. Once you understand Bitcoin, these drops are an OPPORTUNITY, not SOMETHING TO BE AFRAID OF. We are in the shakeout phase - a lot of people are being taken out because they have no confidence in the asset they own. Bitcoin is the best form of money that has ever existed. It's better than gold and fiat. It has a limited supply. The production cannot sped up. It's backed by the most powerful network in the world. Don't dismiss this!
Every company in the global stock market will be repriced based on how much Bitcoin it holds or can generate in the future. Microstrategy $MSTR is a visionary: it knows that the price of Bitcoin will rise, so being able to generate Bitcoin will get more difficult over time. We are in a weird time where we can buy the MONEY OF THE FUTURE with the MONEY OF THE PAST (fiat currencies). This is a cheat code that THE ENTIRE WORLD has access to (including individual investors). As stocks are repriced, I think MSTR will have the highest market cap in the world because it's THE ONLY ONE taking advantage of the market's inefficiency in pricing Bitcoin.
Blackrock's Bitcoin ETF now holds 239,252 BTC up 751 from yesterday. Blackrock holds 1.14% of the total supply of BTC. 900 BTC are issued per day. In April this will drop to 450. Blackrock clients bought 80% of the amount of BTC that was produced. image
Blackrock's Bitcoin ETF now holds 238,501 BTC up 1,102 from yesterday. Blackrock holds 1.14% of the total supply of BTC. 900 BTC are issued per day. In April this will drop to 450. Blackrock clients bought 1.2x the amount of BTC that was produced. image
Japan's state pension fund wants to diversify with Bitcoin. What happens when EVERY pension fund in the world wants Bitcoin? Every government? Every central bank? Keep in mind Bitcoin is hovering around 2021's all-time high... Even adjusted for inflation we should be around $80,000. If you haven't bought yet and you're waiting for a dip, you're gambling. I hope it happens because I'll buy more. But if it doesn't? You'll lose 50-75% of your purchasing power. image
You may think you understand Bitcoin, but if this pullback has you scared and running for the exits, you DON'T understand Bitcoin. Don't get shaken out because of the volatility. This is exactly what large financial institutions want you to do. I know what I own so I WILL NOT be selling cheap. Pullbacks in price are a normal and healthy part of any market. This is a sign that the market is trying to figure out an appropriate price for this brand new asset. Pullbacks in price will continue to happen until we move from a fiat currency standard to a Bitcoin standard. As more people learn about Bitcoin, fewer are selling what they own. This bull run could be completely different from anything we experienced in the past because of Bitcoin exchange-traded funds buying thousands of BTC every single day. I plan to hold my coins for at least 5 years so I don't care about the volatility along the way. I'm using the volatility to my advantage by purchasing more at a lower price. image
Blackrock's Bitcoin ETF now holds 237,339 BTC up 6,722 from Friday. Blackrock holds 1.13% of the total supply of BTC. 900 BTC are issued per day. In April this will drop to 450. Yesterday, Blackrock clients bought 7.5x the amount of BTC that was produced. image
Blackrock's Bitcoin ETF now holds 230,617 BTC, up 2,005 from Thursday. Blackrock holds 1.1% of the total supply of BTC. 900 BTC are issued per day. In April this will drop to 450. On Friday, Blackrock clients bought 2.2x the amount of BTC that was produced. image
Rules for financial success: Take risks Save 20%+ Wealthy > rich Frugal > cheap Invest in yourself No risk, no reward Learn about/DCA Bitcoin Spend less than you earn Build more income streams Experiences > material things Don't try to keep up with the Joneses
Joe Biden wants to tax billionaires 25%. He says it would raise $400 Billion over the next 10 years. He forgot to mention something important though: The US government's problem ISN'T related to income (it just borrows more whenever it needs). The problem is SPENDING. The US government is adding $1-3 trillion to its debt EVERY YEAR. It pays $1 TRILLION in interest alone each year. Taxing billionaires will make absolutely no difference, other than leading to a flight of capital to other tax-friendly countries. When billionaires are taxed, do you think the US government will just randomly stop spending more than it earns? This seems more like a way to get more votes than anything by appeasing the people who don't understand finance. $400B is NOTHING when it comes to how much the US government is spending. At some point, instead of "tax the billionaires," we will see a new narrative forming: "Tax the millionaires" Then: "Tax the thousandaires" Then: "Let's just keep everything."