I just wrote this about Bitcoin…why I don’t like it

I don’t think he’s dumping $BTC because $MSTR is a publicly traded company and it would come out.

Worse than dumping, he’s trying to lure more victims in a desperate plea to save himself (or that’s how his behavior looks to me).

Seriously — this is why we all have to use our own heads and make our own decisions in the end. I’ve been excited about a stock only to later to change my mind: new information = new decision, so maybe he’s an idiot who really believes $BTC is a good investment at this point in time so he’s trying to coax others to buy into Bitcoin.

Why am I bearish? As banks modernize and embrace instanteous transaction methods (ie Zelle),

the financial role Crypto can play is diminished in importance. There are other roles for Crypto in our digital universe, like ownership of digital art, which is in play (ie $ETH.X and NFTs),

but crypto as a means of ‘instantaneous financial transactions’ is losing its importance as banks modernize and as the US clamps down on anonymous crypto transactions.

Remember: when Bitcoin was created, it was much more different to send money instantaneously. It was a different world then.

I’m not bearish on crypto overall, as there are other uses for it, particularly in regards to persevering and authenticating ownership of art (which I like).

But Bitcoin? We simply don’t need it.

About hopeforanswers

Some kind of rare immune deficiency, yet to be determined. A lifetime of infections without an elevated white cell blood or fever. Very grateful to be alive, very thankful for the friends who’ve supported me and for access to literally millions of dollars worth of medical care. I’m not the bubble child, I’m somewhere in between.
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