Congrats to the long-suffering investors as winners from this new dynamics in the world of cryptos

in #lifelast month

Talking about "Life-changing wealth", the unprecedented big Bitcoin demand is now causing the entire crypto space to rally as well with no certainty that it would ever stop causing even many ordinary people to feel the financial freedom it will create.

hands-4519045_1280.png

Source

I had learned that ETF will make the price of Bitcoin to soar to at least $120,000 this "Cycle" which as some people say as a "Super Cycle" which basically means that it makes a very big jump not looking like the previous ones. The reason was the ETF-lead demand for Bitcoin which we are experiencing right now where it is sure to beat its all-time high of about $69,000 even before its halving event. It is a testament that indeed, "we" are going going parabolic for the price of Bitcoin with not much of a perspective that a top will ever be formed for the foreseeable future in my opinion as some crypto-personalities say "Just will go on and on" considering that Bitcoin has a limited supply as the main factor that it attracts this demand from institutional investors with their now made-easy way of buying via Bitcoin ETFs.

BTCPurchasedbyETFs.jpg

Source

The current demand for minted BTC is looking awesome considering that BTC is not even halving for the next 50+ days at the time of this writing.

The demand for Bitcoin is about more than ten times than Bitcoin created per day, so this scarcity of Bitcoin will make the law of supply and demand kick-in and it is already kicking in particularly after the halving where double the scarcity is created and thus would further adjust the price of Bitcoin into a much degree that it is now up to our imagination how high that Bitcoin price will soar in the remainder of this year alone. I can safely assume that the value of BTC for this year will also crush the expectations of many people in the positive side because BTC will become more popular from the poor to the rich and I hope that many more people realize that in order to protect their wealth, they have to invest it in Bitcoin for the reason that the dollar is losing its purchasing power due to the misuse of the US government and its treasury department in tandem with the Federal reserve bank which the latter is a private institution and nothing have to do with the government too. but regardless, holding your dollars will just make you poor because of inflation created by the said US govt, the FED, and treasury department team.

money-1874723_1280.png

Source

There is no pint in holding your wealth in the form of FIAT currency because of uncontrolled inflation which is would get worse as time passes by and it is time to store it as an asset with appreciating value over time.

What is even more better was the effect of this "more valuable Bitcoin", personally if I would have more Bitcoin to cash-out I would spend the profits in Altcoins that gives me a sort of "passive income" so that with just a minimal effort I can earn continuously compared to actively "day-trading" which the latter is so much stressful to do and could get me in trouble in many ways more than one because of human errors, market forces, and anything which could happen for my loss in my own personal view. What I like is to earn more cryptos everyday because of the nature of my work/hobby where being involved in DPOS social media blockchain which is working well and good for me. I am excited about getting more value or profits from it particularly now that the bull run of Bitcoin as I foresee it will continue in an extended period of time because of the reasons and factors aforementioned. As for the rest of other altcoins which are just basically following Bitcoins pattern also would prosper and it is up to the crypto-enthusiasts where to put their attention or work into provided of course that they had done their own research many months or years already.


oie_FyF2zzOTXMJL.gif


Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.033
BTC 62996.10
ETH 3122.17
USDT 1.00
SBD 3.88