BUY IN THE DIP-BITCOIN
My wonderful friends, if you are like me, believing that the demand for Bitcoin will grow in the coming years. A low bitcoin price in the short-term is definitely a beautiful thing, buy-buy buy-buy in the dip. I did this the last time that Bitcoin was in the 30s and I triple my money. This is an opportunity, don’t be all sad and bum out, jump in while you can and make that money.
There are good reasons to believe the contrarian position is right and that crypto could have an explosive in 2022. Crypto is volatile as we all know, it can go down 75% in a month and then jumped up 500% in the next month. And with the market roiling, many believe Bitcoin will keep sinking further. When markets hit the max fear, that’s when we begin taking the contrarian position. However, only if we have collected the data to back it up.
With crypto trembling now, some see it as proof that this new asset class isn’t quite ready. Others see it as a temporary hurdle. I see it as an opportunity, yes people are worried I understand, the Fed signaled that it would begin tightening monetary policy. And Kazakhstan abruptly forced an internet blackout. It has been a bad week indeed. The majority of people don’t know this but Kazakhstan is without a doubt a leading Bitcoin miner second only to the United States. Bitcoin mining drop 14% the question is could the Bitcoin price follow and drop more I hope so, because I only see opportunities here.
HOT OFF THE PRESS
Today January 27-2022 a new bill introduced in the U.S.A. had a provision that would essentially give the Treasury Secretary unchecked and unilateral power. To ban cryptocurrency transactions, warned crypto advocacy organization coin center. Treasury Secretary Janet Yeller will be able to prohibit any crypto transactions without any process rulemaking or limitation on the duration of the prohibition, don’t start freaking out, I almost didn’t put this information out because of fear. However, I’m here to tell you this threat will pass, digital currencies is the new way it is only going to grow by each giving day, and at this point no one can stop it, there is way too much old money involved. The rich and wealthy will not allow any stopping of digital currencies.
Here are a few reasons why I am able to make those bold statements.
- Interest is still super high, The fidelity digital assets institutionally investor survey found that 71% of U.S. and European institutional investors surveyed intend to allocate to digital assets in the future.
The mayor of New York City, Eric Adam’s just took his first paycheck in Bitcoin.
San Diego State University (SDSU) is now accepting Bitcoin donations Harvard, Yale and brown endowment have been buying Bitcoin for a while and this my dear friends is just scratching the surface.
- Countries are walking through the door.
Last year my friends, 352 public workers in Ukraine declared owning cryptocurrencies. Collectively they own 46,351 Bitcoin at current price over 1.5 billion worth.And you all know El Salvador was the first to adapt Bitcoin as a legal tender, then Tonga announce they would follow suit. And Rio de Janeiro, which is the financial heart of Brazil has announced it will buy crypto with 1% of the city’s Treasury reserves.We expect several countries to give very similar announcements in 2022.According to Fidelity, countries might buy Bitcoin just to hedge their best. In this recent trends report, Fidelity lays it all out, why.History has shown Capital flaws to where it is treated best and embracing innovation leads to more wealth and prosperity. We also think there is very high stakes, game theory at play here. Whereby if Bitcoin adoption increases, the countries that secure some Bitcoin today will be better off competitively than their peers, thereafter, even if other countries do not believe in the investment thesis or adoption of Bitcoin, they will be forced to acquire some as a form of insurance.
In other words a small cost can be paid today as a huge compared to a potentially much larger cost year in the future. We therefore wouldn’t be at-all surprised to see other sovereign nations states acquire Bitcoin in 2022 and perhaps even see a central bank make an acquisition.
- Bitcoin hash–rate hits new ATH
China’s ban on mining did not kill Bitcoin as many pundits suggested it would. Nor did Kazakhstan’s outrage, all these things did was spread mining out even further, making Bitcoin more decentralized, and stronger than before. A decentralized Bitcoin is without a doubt, a strong Bitcoin. A strong Bitcoin raises confidence, and confidence helps to boost the price. And I’m here today, to tell you Bitcoin is about to get even stronger.
Mr Thomas Templeton, who is a general manager of Block, wrote we want to make mining more distributed and efficient in every way. From buying, to set-up, to maintenance, to mining. We’re interested because mining goes far beyond creating new Bitcoin. We see it as a long-term need for a future that it fully decentralized and permission lass.
- Miners are definitely buying and holding.
Bitcoin miners are without a doubt accumulating at a level that we have not seen since 2020.Historically, spike in buying from miners it usually followed by a run-up in price.
Scam alert, Binance CEO warns users of massive SMS phishing scams.
The scam involves sending users a text message with a link to cancel withdrawal, leading users to a fake website designed to harvest their login credentials. Binance CEO Changpeng Zhad has alerted the crypto community against a “massive”SMS phishing scam targeting Binance clientele.
*FOOD FOR THOUGHT*
A Bitcoin ETF is an investment vehicle that traders on the stock market. Shares in the ETF are proportional to the price of bitcoin, which the ETF’s manager buys and sells, ETF’S charge low fees and closely track the price of an underlying asset. The catch is that “spot” ETF’s those that track the current price of Bitcoin are only offered in a handful of countries, such as Brazil and Canada.
The U.S. securities and exchange commission (SEC) has repeatedly denied applications for spot ETF’s on the grounds that the Bitcoin market is inherently manipulable, although some applications are outstanding. The SEC has, however, greenlighted several Bitcoin futures ETF’s. “Which” track the value of short-term bets on the future price of Bitcoin.The main reason given by SEC Chairman Gary Gensler for the preference of futures based ETF’s over spot ETF’s is that the former can be structured using the Investments company Act 1940, which gives consumers greater protection.
My dear friends, with all of my heart I sincerely want 2022 to be the year that all of you will receive true prosperity. I promise you, that my team and I will do all that we can to help you to acquire wealth. May prosperity and good health be always with you.
Humbly yours Paul Earl.