We are at the gasoline station and the Sun is blinding me wit h its rays so I took a photo of it.
Once again Bitcoin is moving to its expected action, a few months after the halving although there was a pre-pump that happened a few months ago and last year. This time around there are institutional investors buying BTC which is why the price is moving to the up-side without much volatile action to the down-side. Now that the succeeding USA government under Trump is crypto-friendly, there is much hype to the demand of Bitcoin which is coupled with the demand for DOGE coin popularized by Mr. Elon Musk because of his charisma and credibility which is why he and ViVek made the Department Of Government Efficiency or D.O.G.E which aims to reduce government, well, efficiencies like "having too any referees in one basketball game" to put it simply in that phrase or to lessen unnecessary spending like making contacts that just milks the coffers of USA.
Anyway, some people say that "it is different now" with the prevailing winds that catapults Bitcoin to reach greater heights because if we come to think of it, if President Trump would make a Bitcoin reserve fund and says that he will but a bog percentage of Bitcoin and try to pay the US debts with it, what does it tell to the other nations, banks, and big financial institutions. They will either follow or copy what Mr. Trump will do together with his government and the republican party and thus as mentioned, will put more demand for BTC.
The Bitcoin ETF action is fueling this demand for Bitcoin which is why Mr. Saylor is taking as much Bitcoin as he can to front-run other entities for having a relatively cheaper price because at the current time and because of the historical prices, Bitcoin will never go to see its previous prices. Yes there will be pullbacks in the price but these price pullbacks will just be more shallow and will just be eaten by buyers and or traders or investors hoping to trade it for a relatively cheaper price point.
But Bitcoin is still being mined, however the shock of cutting its supply in half every after four years will remain until the final bitcoin is mined. But the demand is getting higher and higher and it is the fundamental aspect of why BTC is gaining traction for its value. One can just hold and wait for some more time until they can decide to finally sell some for the fulfillment of their dreams, and for others, power. This digital asset will transform how our financial system works for the benefit of many unlike from the current financial system where we are all affected with our daily lives, making it hard for us to live on a day by day basis because of the illegal made legal printing of the dollar where debt has no ceiling, "the sky is the limit", and what it does to us all, just hardships.
But for the wealthy people it doesn't matter as long as they are keeping wealthy they will not care to those that are below them because they are in control of the money ad the power. But if we have Bitcoin, nobody can have an upper hand over the others, it cannot be printed and devalued and it will mean that we will have a sound money and a chance to make it big in life without the value of our wealth which is Bitcoin to not melt like an ice cube placed on the table.
Photography device: Oppo A92
Camera Sensors: 48 MP Main Camera
Camera Mode: HDR
ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥
Posted through the ECblog app (https://blog.etain.club)
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit