A Golden Opportunity with BTC
What will Bitcoin do next? Honestly? No one has any idea how events in the market will develop further. Anyone who tells you otherwise is a liar. But what is really obvious is what Bitcoin is, and in what future it is moving towards.
A well-known phrase that you often hear in relation to Bitcoin: “When you are in fear, zoom out”. This will almost instantly dispel most of your fears and doubts. You will understand that this is just a small correction of the asset price, which has always been upward. Yes, always. Even during the last bullish cycle, when the BTC peaked at $ 20 thousand, and then when it fell to $3 thousand.
If you zoomed out, you would still see that Bitcoin’s trajectory is still moving upwards. It’s the same today. Although the price has fallen by more than 50% in just a few months, it is still moving up. Remember, at the beginning of December last year, we still have not overcome the new record high price for military-technical equipment. If we continue, then in May last year, Bitcoin fell to $3,500. Taking this into account, you feel much better about the fact that Bitcoin price is now $31K.
This alone should calm you down
But for those who are in the know, they know that this is a great opportunity offered right now. Although Bitcoin at $31K is still very expensive for most people, always remember that you can buy a small part of it. Adding small portions of cake, you will get a large pie someday. This is an equally amazing opportunity to get BTC at a discount, just like in March 2020, when the crypto asset fell to $3,500. This may shock you because of such different prices, but let me explain.
The value proposition of Bitcoin is very different from what it was just a year ago. No, the protocol has not changed, but the world has changed. The world has begun to realize how it can be an asset that will protect them from money printing by governments, inflation, maintaining freedom and the list goes on. Real Bitcoiners have always known this. But the world has only just begun to realize this.
And then the corporate world turned its attention to Bitcoin. Microstrategy, Tesla and others. For those of us who believed in Bitcoin, we always believed that it would be an excellent protection against inflation and preserve your wealth. In the end, they hoped to receive a reward for saving, not punishment. But few of us expected that companies would transfer their balances to BTC. And if so, it’s definitely not so early.
Covid and the state printing of money have accelerated the introduction and use of Bitcoin by at least 10 years, and that is why today’s current price is potentially an even better discount deal, compared to the price drop in past years.
But that’s not all
State adoption has also begun. El Salvador has announced Bitcoin a legal tender. Again, a move that even the most avid Bitcoiners probably didn’t expect for at least a decade. All it takes is one small domino to fall and push all the other dice. Soon others will fall as well. In this situation, Salvador is the first domino.
Their law on military-technical cooperation as a legal means of payment will come into force in September, and the whole world will be watching. Until then, we will not see how any other country will accept BTC as a legal means of payment. Everyone wants to see what happens next. If Bitcoin and Lightning can successfully process the transactions that El Salvador will need, then the floodgates will open.
As soon as this happens, there will be a price jump unlike any that you have ever seen. There is a famous phrase that says that altcoins were created to take your Bitcoin. It’s true. Too many people will learn this the hard way.
Always remember this: the goal of the game is to accumulate as many Bitcoins as possible. The second-level Bitcoin Lightning chain has been gaining incredible momentum in the past few months. This is similar to everything that was promised during development. This will allow you to make everyday transactions incredibly fast and cheap. This alone will eliminate the option of using 70%of altcoins. These market capitalizations will be absorbed by BTC, and then a BTC for $31,500 will seem very cheap.