Philosophical approach to Bitcoin
All the people in the world that have a good understanding of economics, history and technology can fully understand the value of Bitcoin. I will not get into further details to support my argument feel free to do your own research on the web.
Some point in favor of Bitcoin besides its fundamentals are the following:
1. Square holds it
2. Tesla holds it & accepts it
3. PayPal accepts it and probably holds it
4. Visa & MasterCard also did some bold moves
5. Jpmorgan & Goldman to let customers buy it
6. Regulation is speeding up and I expect all S&P500 companies to hold it by the time all the legislation is passed.
7. Major global finance stars openly talk about it and state that they are holding it
7 bold points to think of your own. Do you think all these different entities are wrong about the future of BITCOIN???
Now as we all know Bitcoin is using energy to run the network. However in the upcoming years in the name of global warming are going to be the BIG TRANSITION years from fossil fuels to renewable. As a result I am expecting some really big inflation in electricity prices especially in US & EU. That will make imo lots of miners in the western world unsustainable compare to China were they are not going to be 100% compliant with laws about the environment. Therefore their energy cost will be significant lower vs the rest of the world.
If their cost is gonna be lower than the rest mining competition there is good chance that they will be in a position to mine a large part of the remaining bitcoins.
US is aware of that of course and that’s why the are in a hurry to regulate everything so that their institutional investors can start accumulating. As inflation hits electricity I am expecting the major 2nd wave of correction of the 1st wave of the Bitcoin super cycle that started back in 2008. This is where all the retail is going to be losing money and really doubt it’s decision to hold bitcoins. The length of that correction is going to take a lot of time because people lose hope when prices keep falling for a big period of time rather in a short one like we saw on COVID case.
Some point in favor of Bitcoin besides its fundamentals are the following:
1. Square holds it
2. Tesla holds it & accepts it
3. PayPal accepts it and probably holds it
4. Visa & MasterCard also did some bold moves
5. Jpmorgan & Goldman to let customers buy it
6. Regulation is speeding up and I expect all S&P500 companies to hold it by the time all the legislation is passed.
7. Major global finance stars openly talk about it and state that they are holding it
7 bold points to think of your own. Do you think all these different entities are wrong about the future of BITCOIN???
Now as we all know Bitcoin is using energy to run the network. However in the upcoming years in the name of global warming are going to be the BIG TRANSITION years from fossil fuels to renewable. As a result I am expecting some really big inflation in electricity prices especially in US & EU. That will make imo lots of miners in the western world unsustainable compare to China were they are not going to be 100% compliant with laws about the environment. Therefore their energy cost will be significant lower vs the rest of the world.
If their cost is gonna be lower than the rest mining competition there is good chance that they will be in a position to mine a large part of the remaining bitcoins.
US is aware of that of course and that’s why the are in a hurry to regulate everything so that their institutional investors can start accumulating. As inflation hits electricity I am expecting the major 2nd wave of correction of the 1st wave of the Bitcoin super cycle that started back in 2008. This is where all the retail is going to be losing money and really doubt it’s decision to hold bitcoins. The length of that correction is going to take a lot of time because people lose hope when prices keep falling for a big period of time rather in a short one like we saw on COVID case.
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