Lot of good things have been going on under the hood...
Bitcoin's chart looks pretty bad, actually it looks downright awful.
Prices have been doing nothing but going down for over 14 months now, with not one single "higher-high".
In spite of that, I am more bullish than I have ever been regarding an investment in bitcoin.
That might sound crazy to some, but everything that has happened (and is happening currently) has lead me to be more confident than I have ever been.
In fact, I just moved the last bit of my trading cash into bitcoin this past week. Meaning my crypto trading portfolio is now all crypto, no cash.
Why
is more confident than ever before on bitcoin:
The reasons I am more confident than ever before are numerous, but I will outline some of the main ones below...
In no particular order:
- Endowments and Pensions are investing for the first time ever
- Bakkt and Fidelity are launching 'soon'
- ETF getting closer to being approved with each passing day
- There has never been more awareness about Bitcoin and it gets more free press than ever before
- Many more (and better) options to buy bitcoin than ever before
- Lightning Network seeing substantial growth and adoption
- It's gaining traction as a better gold and portfolio hedge among investors
- Next halving event is roughly 14 months away
- On chain transactions are near all time highs yet fees remain minimal
- Starting to finally get some regulatory clarity in different jurisdictions
- It has never not made a new higher-high after a pull back
- Prices are 85% off their peak
I could break each bullet point down and write several paragraphs on each, but for now I will just leave it in bullet points as to why I am more confident than ever before.
What do you think?
What are your thoughts and opinions on bitcoin?
Are you more confident than ever before as well?
If so, tell me why in the comments section below. It not, let me know why!
Stay informed my friends.
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