A.k.a. "The Fall Of Bitcoin". I really struggled in deciding with which title to go on this one, but eventually opted for the optimistic, the "glass half full" version, simply because this is good news from every perspective.
source: YouTube
The good news is that before long we will not be talking about Bitcoin anymore, but about Satoshi's. Why? Because one Bitcoin will be worth so much that, in order to not discourage regular people too much, we'll soon be talking about how much one Satoshi is worth. Or at least that's what I hope and suspect will happen in maybe a few years from now. Maybe we'll have a couple of intermediate stages when we talk about cBTC (1 bitcent or 1,000,000 Satoshi), mBTC (1 millibitcoin or 100,000 Satoshi), or Bits (1 Bit or 100 Satoshi). For sure we will not, in everyday discussions and pricing on actual markets, keep talking about something being worth, for example, 0,0000021 Bitcoin (which is 5 dollar cents at the moment of writing)... And just to encourage people not yet involved in Bitcoin in this age when we still price everything crypto in Bitcoins; it's perfectly possible to buy 0,000021 Bitcoin, which is 5 dollars worth, RIGHT NOW. You don't have to buy a whole Bitcoin to "get in the game", so to speak. Here's a handy link to convert fiat to Satoshi from 99bitcoins.com: Satoshi to USD and EUR Converter
The attentive reader has already concluded from the above that there are 100,000,000 (100 million) Satoshi's in one Bitcoin. Bitcoin's creator, or creators, the mysterious Satoshi Nakamoto, had enough foresight to see this coming. When the world's leading digital currency was designed, it was programmed to have only a limited number of Bitcoins be created (21,000,000 in total), and to have the creation-rate diminish exponentially over time; every four years the amount of Bitcoins created over time is cut in half. So when you hear the crypto-heads speak about the next Bitcoin-halving, this is what they're talking about. Each halving is followed, due to the supply being cut in half, by a rise in Bitcoin's price; the last Bitcoin halving took place on May 11, 2020, and the next halving will likely occur in 2024. And, although with a small delay, the next bull-run has indeed started; we broke the previous all-time highs with Bitcoin's price now hovering just below 24,000 dollar.
The previous bull-run ended, right on cue, in December 2017 when the previous all-time high of almost 20,000 dollar was hit; we're now right at the start of the next bull-run. But... There are some major differences between the last one and what's happening right now. The last parabolic bull-run was driven by what we call "retail investors", that's people like you and I, who believe in Bitcoin's fundamental properties; a decentralized, peer-to-peer, immutable, hard-capped, freely tradable currency. The current bull-run however is powered by big financial institutions who seem to have given up their fight against the world's biggest and boldest monetary experiment, and are now flooding into the crypto-sphere banking on exactly those core properties. These institutions are seen as the "smart money", and consist of investment banks, wealth managers and other well respected firms who've made it their job to know how assets and money behave in the globalized economy. In June of this year the news broke that 84 of the world's 118 Central Banks have cut their interest rates to ridiculously low levels. This means that fiat money will be printed like crazy, is being printed like crazy...
The Smart Money sees this happening and now stumbles over itself to get into Bitcoin's digital gold. It's easy to forget, so let me remind you that if you own some Bitcoin, Ethereum or other leading crypto currency right now, you're part of approximately 1% of the world's population to do so. The Smart Money is well aware of the fact that fiat money will be devalued severely and is now securing its assets by fleeing into gold and digital gold. Some are even converting their gold into Bitcoin, for gold-trade has become a paper-game as well in that real gold is almost not traded at all, only gold-futures. I saw a graph recently showing how much you'd have gained if you had bought 1,000 dollar in stocks of several popular corporations; if you bought into Google, you'd now have 6,000 dollar, and if you'd bought into Tesla you would now have made more than 200,000 dollar. But if you bought 1,000 dollar Bitcoin 10 years ago, you would now be sitting on more than 200 million dollar...
So, it's not too late to get started in Bitcoin or Ethereum or even LiteCoin, Monero or any other crypto currency with a justifiable use-case and enough support. But Bitcoin is the grandfather of them all and they all ultimately follow Bitcoin's price movements. So start thinking in Satoshi's is my advice. Invest in the money of the future, invest in your own future and buy a couple of thousands of Satoshi. The news about big investors flooding in is good news, bu sad as well; with Bitcoin we, the people, have had the chance to get into the biggest game-changer of monetary history, we had a single chance to beat the elites of the upper class in their own game, but sadly only 1% of the world's population actually grabbed that chance with both hands. With what's happening now it's just a question of not getting left behind. Red the article Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’; hyper inflation as well as massive devaluation of US Dollars as well as other fiat currencies is upon us. It's a question of when, not if. And when it's here, you'll be glad that you own at least some Satoshi's...
CNBC: Bitcoin $21K “Should be worth $400,000” says Guggenheim CIO on Bloomberg🔥🚀 Michael Saylor
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