I have no grand sight for what BTC or crypto will be. I have reason to believe it will be around and gaining for decades. I’ve educated myself on the cycles and how it all works and I’m here for the turning, for example, $1K into $15k over a couple years and cashing out for hard assets. Then repeat. I already posted the halving chart. For 3 years we’ve known with about a 95% certainty that before this halving the BTC ETF was coming and institutional money was on the way. For me, the exponential gains from two years ago to about 1.5-2 years from today are nearly a guarantee. That’s why I’ve been buying ETH and SOL and not BTC, because I view them as safe with a much larger margin for profit than BTC. I’m already up nearly 10x on the SOL I’ve bought over the last couple years. I plan to be mostly out in ~1.5 years and buy a pile of real estate and reevaluate. I’ll likely roll all profits back into crypto over the (more than likely) two year bear market from 2026-2028.
I’m not into selling people on the hedge against inflation deal. I certainly understand it and somewhat explained it, but DYOR and don’t listen to internet strangers if you have so much money laying around that you’re investing it to save it from inflation. If you truly believe the USD is going to collapse and we will be on CBDC or trading gold rocks for goods, shit has got well beyond out of control. If that’s what you’re basing your investing around, I would recommend buying ammo, guns, and water filters over anything in that case; they will be of significantly more value than gold, BTC, or anything for that matter.
When I post items for sale, I say that I accept Venmo, BTC, ETH, and SOL. Several places online already offer crypto as a payment option. And we’re EXTREMELY early. Maybe we see crypto as payment at the store eventually, but probably not for another decade.
As far as theft and hackers, see the post about moving everything to a wallet. Not your keys, not your crypto. That’s what happened with FTX, people that lost money broke the cardinal rule of owning crypto. You don’t own it on Coinbase, FTX, Robinhood, etc. you own it when you have the keys (hard or soft wallet.) And keep in mind (unless things changed recently) that places like Robinhood own $0 in BTC. You cannot send crypto bought on places like Robinhood or PayPal to a wallet b/c they own none. You’ve simply bought a position. Buying on crypto exchanges like Coinbase will then allow you to send to your wallet, at which point you own the keys. Just buying on Coinbase again means you own an electronic position and they technically still own the actual crypto.
The US Government owns $13 billion in BTC by the way. So don’t be so convinced the government or corporations are against it. Watch what they do, not what they say.
I’m old enough to have watched dozens of opportunities slip away because of people not embracing technology. “Why would I go to a computer to type an e-mail when I can just write a letter and send it, Microsoft will go to zero.” “People would rather have in person interactions than online, Facebook will go to zero.” “People love going to malls, I doubt we will order our groceries from Amazon.” “I’m not carrying around a phone in my pocket when every building already has one and pay phones are everywhere.” The corporation and banks are putting in place massive crypto branches, we’re officially adapting. Again, watch what they do, not what they say.