We are now seeing people wanting to save their Bitcoin savings. Is it the start of a new big bull run or another bubble?
It is not the first time Bitcoin reaches $ 10,000, but the third in its history.
The first was in 2017, when starting at $ 1,000, it climbed to an all-time high of $ 20,000. The journey from 10,000 to 20,000 took only 18 days.
The second time was in mid-2019, when it went from about $ 3,500 to $ 14,000 in a few weeks.
This case is different from the previous ones. No excessive or hasty movement has been preceded. That is why it is considered to have a more solid base. It is not based on investor excitement or on a business event. Although by its very nature the number 10,000 has something special. From 4 digits, the number now goes up to 5 digits. Change is great in psychology, you feel like you are lifting level. And not only there. The media are again referring to the “phenomenon” of Bitcoin. They start and inform about it. People are learning about halving and some of the unique features of Bitcoin.
The only thing we can’t blame for Bitcoin is that it has not provided any opportunities to acquire it. We had 7 whole months to buy under $ 5,000. Even a little bit, a little bit. Because you can buy as much as you want, even for a few euros.
The price on the “dashboard” reflects the expectation. Only this time the infrastructure is much more durable, much more hospitable. The world has learned about it, even as a name. The institutionalists who have the “big pockets” are about to enter. Not only are some of the big players in the market already in place, but they are preparing the ground to be able to welcome others. There are legal providers and exchanges that comply with the laws of each state in which they are based and have official authorizations from the Authorities.
Everything is ready for the big trip. Many say that this is why we are at the beginning of a new, larger, more massive bull run ever in the history of Bitcoin. The next question is how much is “enough” for the price of Bitcoin. Because so far it has amazed us.
His course is but a course of constant rejection of expectations, usually surprising us positively. 10 years ago, you need 100 euros to buy 100-150 Bitcoin. If you had kept them up to date, they would have been worth a million. In the next ten years, how much will they be worth?
We are now seeing people wanting to save their savings in Bitcoin, not euros or dollars or pounds. In Bitcoin? What a jerk they are, many will complain. Why do we need Bitcoin? With my money in the banks secured, I withdraw whenever I want in the currency I use, I take interest, I have them as a means of saving.
To see how many errors there are in the last sentence:
Secured? You will hardly hear this again from Cyprus. Withdraw whenever you want? So easily we forgot what happened in our country 5 years ago, when we learned that we could only make 60 € a day, from the money allegedly owned exclusively by us?
Interesting? In our time, anyone who does not pay above banks is happy. In terms of purchasing power, better not ask Venezuelan or Argentinean.
But can the traditional monetary and banking system have so many disadvantages? It is not the first time that we are fooled into something we are used to, feeling so familiar, that we have not thought about it.
Throughout history, the main method of communicating with someone over long distances has been to send a letter. It could take days, weeks, even months. Without any guarantee that it will reach its destination. Email has drastically changed communications. Messages are sent and received immediately, from anywhere in the world. Before its appearance, people did not realize the disadvantages of the old communications system.
This is true of today’s monetary system. Most do not worry about the disadvantages of traditional trading. However, new technology is already beginning to emerge.
Seasons are always changing, only this time running. They’re not waiting for you. Hong Kong has already been granted the first official government license, the ‘Pawnhub’ company, which will accept your Bitcoin deposits and give you interest!
