Is it too late to long Bitcoin?
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Feeling late to the crypto party? Please friends keep in mind that less than 0.5% of the planet are long Bitcoin yet. As I have said, even on the terms of thinking generationally, we are still in the genesis.
As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth."
My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips".
My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates.
What happened with Bitcoin literally this week?
Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. https://www.theblockcrypto.com/linked/94750/jpmorgan-bitcoin-btc-trading-client-demand-coo-comments
Additional Citation:
https://finance.yahoo.com/news/900b-bitcoins-market-cap-larger-184035539.html
https://www.cnbc.com/2021/02/12/bitcoin-banks-closer-accepting-cryptocurrency-asset-class.html
https://twitter.com/Crypto_Daily/status/1360154476456386560?s=20
As Lord Elon Musk himself stated recently, "There is a good chance crypto, is the future currency of earth."
My take as has been consistent through this whole bull market, is "nibble on dips and enjoy the rips".
My plan for bailing on my massive bitcoin position is when the Fed starts touting raising interest rates.
What happened with Bitcoin literally this week?
- Fed comes out publishing a paper mentioning strengths the DeFi network will bring to consumers https://research.stlouisfed.org/publications/review/2021/02/05/decentralized-finance-on-blockchain-and-smart-contract-based-financial-markets?fbclid=IwAR24J84jLkMWWuuGeaCFLA6XbPq5JuACh1hpgS4cR5fnz7I1lO6uQly-gG8
- Fed's academic paper literally mentions wrapped Eth -right on their website.
- Miami FL proposes for local taxes to be paid in Bitcoin, and for employees to have a percentage of wages paid in Bitcoin. https://nypost.com/2021/02/12/miami-is-considering-paying-salaries-in-bitcoin/
- Nigerian Senate advises that "Bitcoin has made our currency almost useless or valueless"... just shocking
- Jack Dorsey & Jay Z invest 500 BTC to make Bitcoin "Internet Currency in an endowment to fund development in Africa & India" https://techcrunch.com/2021/02/12/jack-dorsey-and-jay-z-invest-23-6-million-to-fund-bitcoin-development/
- BNY Mellon (America's oldest bank) offers institutions access to Bitcoin https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810
- JPMorgan co-president and COO Daniel Pinto has said that the banking giant will support bitcoin trading if there is client demand for it.
Exciting times friends. And I must advise that if you even view Bitcoin as a moonshot - even moonshots deserve a small bit of exposure within any portfolio aiming at the stars. This is not financial advice, but my personal opinion as I have certainly partake in this mindsight with much more than a small bit of exposure as the bull market clearly unfolded. https://www.theblockcrypto.com/linked/94750/jpmorgan-bitcoin-btc-trading-client-demand-coo-comments
Additional Citation:
https://finance.yahoo.com/news/900b-bitcoins-market-cap-larger-184035539.html
https://www.cnbc.com/2021/02/12/bitcoin-banks-closer-accepting-cryptocurrency-asset-class.html
https://twitter.com/Crypto_Daily/status/1360154476456386560?s=20
Nota
Canada permitting a bitcoin ETF.. reuters.com/article/crypto-currency-etf-idUSL1N2KI1FX
Penafian
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