What Does The Future Hold For Bitcoin? $1 Million Bitcoin?
We need to look at things through the eyes of those who matter, not necessarily our own.
In this video I discuss what I think the future targets are for Bitcoin long term. This analysis includes the demographic view of different generations which is vital.
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BEER.I absolutely want to believe in Bitcoin however Bitcoin has been having its own issues so maybe I made the stupidest decision in liquidating some however I am perfectly happy with my current portfolio thank you very much..
Absolutely love your content really appreciate your analysis and thoughts.
Happy New Year and I cannot wait to see more of your high quality content!
Thanks for the vote of confidence.
People have to run their portfolios as they see best. Bitcoin certainly hit some price wall but that might not change the long term trend.
That does not mean, however, that it will have the best alpha. I have a feeling Hive will outpace Bitcoin in that regard.
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I absolutely believe in the technology and I absolutely believe in my investment here.
It's already helped me achieve dreams.
It is looking good for many people. A nice foundation being laid.
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Yes it absolutely does.
Just keep believing!
New highs, more dips and some panic selling from some while others keep stacking and earning. Rinse and repeat, repeat, repeat, repeat......
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Those with a long term vision understand and HODL.
That is what will make them a lot of money.
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It's easy to become tunnel visioned and shortsighted with crypto due to the volatility and large % swings. i appreciate your taking the long view and looking at how demographics will affect adoption.
i think that you are right that the millennials will certainly lean towards Bitcoin (or other cryptos) rather than traditional financial instruments. We all know that the debt based system is doomed. Who in their right mind is going to accept iffy collateral (i am including all nation state debt) when you can use a smart contract that locks up actual collateral. i am also going out a few years... it'll take some time for these systems to be fully developed and tested, but now that we know it can be done, it will be.
For large financial institutions and corporations, there will be an increasing use of these contracts which implies that the tokens of the chains that provide these services will gain in value. Perhaps it will be a combination where the secured collateral will be Bitcoin but the contract will be on Ethereum or another chain providing smart contract infrastructure.
An interesting side note to what you wrote: the international banks are not taking European sovereign debt as collateral. This is already the unfolding over in that neck of the woods.
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I think it holds true because the people most resistant to the change are people like Warren Buffet and Charlie Munger. Once they retire off, I think we can see more people embrace BTC.
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Well there is a whole generation of Boomers who are not change fans. And then there are many of Gen X who are in that category too.
In other words, this might take a while.
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