Happy Birthday to #Bitcoin !
15 years ago today, Satoshi Nakamoto published the Bitcoin whitepaper, kicking off a financial revolution.
From buying Pizza with Bitcoin to potential spot Bitcoin ETFs, the market has changed significantly.
Preparing for the bull market is easy: slowly accumulate coins, and fill up your bags.
But now that the bull market has started, things will get progressively harder.
Emotions will cloud your judgement. Pullbacks will make you want to sell, but do not move a finger. Stick to the plan.
Hold steady, and start scaling out once we break above the previous all-time highs.
It will be harder than you expect, but if you succeed, the reward will be sweet as honey.
Let's go brothers. Welcome to the bull market.
#Hodl #Sats #Zapathon #Bitcoin
I believe investing into #Bitcoin today at $34,000 is the ABSOLUTE best risk adjusted opportunity I will ever see in my lifetime. This is why 👇
Throughout Bitcoin's history there has been unbelievable volatility.
Ultimately, it has led to Bitcoin ripping in price and destroying the competition for 14 years.
If you happened to discover Bitcoin early and held your bag, you would have made a FORTUNE.
The problem is:
Almost no one could have predicted that Bitcoin would have lasted the test of time and that it would gather such a strong network effect and user base.
Anyone who was able to hold their coins through these price fluctuations is either mentally insane or clairvoyant.
At no point was #Bitcoin a well defined asset from a regulatory standpoint or easily separated from alternative cryptocurrency assets in the public view.
It had no guarantees from an investor perspective and much of the masses confused 'Bitcoin with Crypto'.
It has been associated with:
- Criminal activity
- Drugs
- Terrorism
- Anti-patriotism
- Money laundering
And much more by the media, large financial institutions and governments.
In the beginning, It was EXTREMELY hard to get good quality information, educational resources and tutorials in Bitcoin management. In fact, it was even hard to buy it legally.
This is where it gets bullish 🚀
Today, there are thousands of educators online, making podcasts, and creating FREE content to teach the public.
They believe in Bitcoin so strongly they have made it their life mission to sacrifice their time in the pursuit of hard money.
Over the last couple of years we have seen a dramatic shift in the narrative playing out.
The media is beginning to understand that Bitcoin is a durable and robust investment vehicle.
It is destroying false narratives and protecting user funds throughout an unprecedented amount of money printing.
And today, it stands as the best returning asset of 2023, despite historic interest rate hikes over the last 1-2 years.
In fact, #Bitcoin has shown to be the best performing asset of the last 14 years, absolutely killing the competition in gold, bonds, equities and real estate.
It has destroyed the ESG narrative and is proving to be a net positive for reducing environmental pollution via methane emissions in hard to manage locations.
It can also be used to expand the grid and curtail energy costs in high demand areas.
It has been named a commodity as opposed to a security by the most influential financial regulator in the world, the US Securities Exchange Commission.
Bitcoin as been absolutely obliterating altcoins in regards to dominance and the SEC for the first time has named a basket of altcoins as securities.
This could pave the way for new regulations, lawsuits and anti-crypto bills related to centralized cryptocurrencies.
#Bitcoin is gaining widespread political consensus across the board as an immutable ledger that has no single point of failure and can be used to empower the individual.
Even multiple presidential candidates have given their seal of approval heading into the 2024 election.
More so, after over a decade of spot Bitcoin ETF application denials, regulators are getting EXTREMELY close to an approval with experts in the field giving it 90% approval odds by early 2024.
BlackRock, the worlds' largest asset manager with nearly $10 Trillion in AUM, has advocated for Bitcoin as a 'flight to quality' and hope for a better future in finance.
At a time when US debt is increasing exponentially and the dollar is losing more and more value every year, investors are looking for a safe place to store their wealth.
Reputable institutions are seeking alternative investment strategies to outperform inflation, debasement and poor economic policy.
This year, the Financial Accounting and Standards Board, FASB, proposed and approved a new accounting standard which will soon go into effect.
This change allows companies such as Microstrategy to mark up the price of the Bitcoin on their balance sheet vs only being able to mark the price down.
El Salvador has adopted Bitcoin as legal tender, is using geothermal energy from volcanoes to mine Bitcoin and is attracting Bitcoin investors from around the world.
Finally, we are less than 6 months out from a historic event: The Halving.
Bitcoin is currently being produced at a rate of 900 BTC per day. After the halving, that will be halved to 450 BTC per day.
No matter how you analyze the situation, #Bitcoin is fueling up for one of the greatest adoption cycles in history.
Never has an asset in the history of the world been absolutely scarce and had a dis-inflationary monetary policy and static production rate that is halved every 4 years, despite the increased desire and demand for more.
Not only this, but the halving pattern is programmed to continue for the next 100 years.
Look, I'm a young guy. I have ZERO debt and no children. I can afford to take a massive risk and lose everything. That is not what this post is about.
This post is certainly NOT financial advice!
This post is about helping people acknowledge we're on the precipice of a major financial shift in society.
There has never been so much fuel entering Bitcoin this early in the bull market cycle.
Act accordingly.
Send Sats if yiu agree⚡⚡
#Bitcoin #Zapathon #Plebchain #Pleb
The bitcoin therapist
