BitcoinLong
Time is on Longs side; keep holding and keep buying
The upward pressure on bitcoin will persist for the next ~5 years. This is going to be a slow squeeze recession where sovereigns will likely lose control of monetary policy and enter perpetual QE with zero and negative rates. There is a cost to holding cash and bonds, there is not a cost to holding bitcoin. Equities will be squeezed with low returns for years as they leveraged up and as trade tensions rise and the global population flat-lines/decreases. And real estate will continue to face pressure as millennial who cant afford a down payment struggle to absorb the housing market.
On an industry level we have: Libra which despite the FUD is steam rolling ahead, Telegram creating a bitcoin wallet for their 300 million users (this is releasing soon), we have Bakkd, TD and etrade to offer bitcoin to clients, other companies like Wal Mart are thinking about a coin, bitcoin ETFs can still be approved in October, etc...
Stay strong and stay long;
Retail alone will keep driving this up and institutions who are hesitant because they missed the run-up (and are waiting for retail to drop their coins) will eventually cave when they realize its not in the cards.
On an industry level we have: Libra which despite the FUD is steam rolling ahead, Telegram creating a bitcoin wallet for their 300 million users (this is releasing soon), we have Bakkd, TD and etrade to offer bitcoin to clients, other companies like Wal Mart are thinking about a coin, bitcoin ETFs can still be approved in October, etc...
Stay strong and stay long;
Retail alone will keep driving this up and institutions who are hesitant because they missed the run-up (and are waiting for retail to drop their coins) will eventually cave when they realize its not in the cards.
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