English wasn't my dad's first language. It wasn't his second or third either - but he spoke it better than most natives. However, very occasionally he would say things that while correct, didn't sound right. For example, when someone would offer him a cup of coffee in the afternoon, he would politely refuse and say "No thank you, it stimulates me too much and I won't sleep".
No child wants to hear what stimulates their father. Regardless of context.
"Do I make you stimulated baby, do I?"
Moving on.
The US government is handing out $1400 checks at the moment, in an attempt to stimulate the economy keep people happy and stop them from revolting against the destruction of the economy and their lifestyles. The surveys are saying, that a lot of the recipients who are looking to invest it, are pretty keen to get in on Bitcoin with it, with a potential 40 billion heading into the Bitcoin market. That sounds like a lot, but is only 4% of the total market cap, but since the cap depends on available Bitcoin on the market and the price at which holders are willing to sell, it is significant.
Is that what we are seeing?
Or is it this?
That was published six hours ago, the precise time the market started to move upward. Of course, it could be coincidence, as whenever there is a move, we tend to look for reasons for it, and we are always able to fit a narrative to the story to confirm it.
This is actually interesting though as in typical bankster fashion:
Morgan Stanley is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes.
On the face of it, this seems like they are keeping an eye out to make sure that the "little investors" don't lose their shirt, but I don't think anyone in crypto currently believes that narrative. This is about early mover advantage - well, relatively early mover advantage. There is actually no good reason to keep people out of a volatile asset completely, though they might limit their potential to "expose themselves" by limiting the percentage they can invest.
Of course, nothing stops people investing into Bitcoin without the banks, but this isn't straight into Bitcoin.
The investment bank told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin
"Enable ownership"
What does that even mean? Ah right - not your keys, not your crypto.
At some point - people will learn.
However, what I see this really as is a way to offer larger gains to those who produce the largest gains for the company to keep them loyal. It is letting some through the gate to the camping site early so that they can stake the best land as their own, pitch a tent and wait for the crowds. Morgan Stanley will then not only offer the plebs a chance to invest on top of the large investors, they will also use their managed funds to put the small investors into Bitcoin on top of the large also, driving the price and the ROI up.
A lot of us have been conditioned into believing that we are not able to manage our own wealth, that we shouldn't make our own decisions in regards to investments, that we need someone smarter than us to do what we were going to do anyway. There is also the ""authority" side of it, where many of us feel that we have made a good decision, because smart people we think know more than us, have made the same decision ahead of us.
A lot of smart people have said that I am crazy for buying or holding crypto. A lot of smart people told me to sell when Bitcoin hit 6,000, 12,000 and 20,000. A lot of smart people are curiously silent. They will get noisy again, when Bitcoin crashes 50% - though they won't reference the price it floors at, as that will be 5x up on where they told me to sell.
But, people are starting to wake up to the game they have been conditioned not to enter without holding the hand of someone experienced who will give guidance, but no guarantees, for a fee. People are making their first forays into self-initialized, direct investment. They are signing up at an exchange, connecting their bank account and moving money over into an economy that they don't really understand - much like all of those grey-haired investors who buy stocks in tech startups for products they will never come close to understanding, let alone using. Pretty much all of the largest and most well-known apps in the world are owned by groups of investment companies, using their managed funds.
This works out well for them as they are able to "predict" what companies are going to be successful, because they own all of the channels required to make them successful. The deck is stacked.
With corporations like Tesla, funds like BlackRock and banks like Morgan Stanley making moves, it is pretty much "guaranteed" that there will be success for some time to come, as they are not going to invest into what they think is going to lose them money. Banks make money from skimming fees from the gains on other people's capital as well as their own investments and they do not want to lose on either side of that coin. So they don't leave it up to a toss.
There is a difference in crypto and opportunity for those willing to give up their conditioning and instead of waiting until they are "allowed" to invest through the institutional gateways, take the risk and get in early. As retail investors can get into the investment vehicles without hand-holding and while this is "risky" for those with no self-control, it is lucrative for those who are willing to take a little risk and go in at the same time as the large investors. For the real risk-takers though, they went in beforehand, "knowing" it was only a matter of time.
Even with all the hype, even with people looking to spend their stimulus checks on crypto, even with the banks opening gateways - the industry is still nowhere near mainstream and definitely not saturated as an investment. The market cap of Bitcoin is 1.05 trillion dollars, the entire industry less than 1.8 trillion. It is nothing.
The amount of wealth that has the potential to take a position in the growing crypto economy is magnitudes larger than what we have seen so far and the hype is only the start. But I think that hype will die down relatively fast in the next few years, as it becomes just another investment in the mind of many people, even though the value will keep climbing for decades.
Eventually, new all time highs no longer get announced and the crashes start to lessen to the point that it is just another day on the markets. People will get bored of Bitcoin and crypto, but they will keep finding ways to use it in their daily lives. I hope that when that time comes, the distribution of holders for the most valuable and rewarding cryptos, will be the majority of people, not those who get preferred entry due to their level of wealth, so that they can cut the line.
I drink a lot of coffee, but unlike my father, it doesn't stimulate me and it doesn't keep me up at night. Being a small part of the largest change to global conditions the world has ever seen, does.
Investment isn't my first language. But I am learning.
Taraz
[ Gen1: Hive ]