As many of you know I've been heavy on bitcoin for a long time. The days when Bitcoin was born from a corrupt system that took everyday money people worked their butt off for and gave it to big banks and corporations only further destroying the middle class and spreading the wealth gap.
That still continues to this day but now crypto has become more and more a part of it. With mass adoption has come crushing regulations, confusing regulations and now politicians doing pump and dumps. Wealth extraction is happening at a massive scale and crypto/bitcoin seems to be caught up in it all.
I believe gone are the days you can invest some money into an asset and grow it into life changing wealth. That's because large corps, stocks/etfs now own it and sure that opens up access to easier money for bitcoin but you have to look at the other side of it.
Global War and Security
If you haven't noticed the USA is in a heated battle with Russia and China and they are putting up a good fight. Most likely Russia will overtake Ukraine one of these years but also Africa has become a hot spot of China and Russia while the general girly population of the USA is too all for the people that they don't realize we are actually losing this secret war happening.
This digitalized proxy war has also now spread into the crypto space and in particular bitcoin. This is why we are seeing an increase push for stable coins now over Bitcoin and that stable coins will become the main focus to print and extract wealth from the world for the USA to try and continue to battle and hold it's spot as the worlds leader.
This to me is why we most likely wont see bitcoin increase to crazy levels anymore as our advertisers hold it and continue to accumulate more of it through scams and hacks. Every one of these is a punch to the face to the USA as wealth extracts from the USA into its competitors.
Security Of Bitcoin
Bitcoin was once thought as the most secure blockchain ever. However have you noticed the recent letters coming out from hardware wallets? But not only that platforms themselves . These are all susceptible to hacks and even scams or fat fingers from the people working for the companies.
Throw in a mix of increasing AI and AI being able to hack and manipulate markets and people and you start to see the real risk here and why I feel more are backing off. Bitcoin no longer feels like that rock, that base and that way to really hold value from crazy inflation because it's simply been directly integrated into the system now.
Demand Has Shrunk
The demand for these assets has also been shrinking and with that so has the liquidity of the asset. There's no longer big mining rigs booting up and hitting the headlines instead AI has taken front and center for both power generation and also chip sets. Chips are also harder to come by as China clamps down and trade wars continue to heat up. That once semi break even bitcoin miner after a year is now more like 2-3 years in most cases and the numbers are just not lining up for people and companies to justify the investment any longer. There's simply better more profitable investments that are showing up.
What are you thoughts? I'd love to hear them in the comments.