Simply put, bitcoin is better money.
Global, independent of governments.
Difficult to seize or block. (barring torture)
Easy to transfer.
The long term thesis is simple: Humanity has never had better money. As more people realize this, price should rise. Substantially.
@mattodell Good reminders :) Just like early bitcoin twitter days!
@mattodell just about the torture part- some storage solutions, even now, can greatly reduce this risk... like my CWAP 😉
The more financial crises occur worldwide the more ppl will remember '09, Cyprus, Greece, Argentina (3x), India adding Zimbabwe, Venezuela and Turkey's hyperinflation and recognize that these crises are spreading like a wildfire.
Price will rise (no matter if ETF's approved/ICE-Bakkt entering) due to higher demand.
All those selling 6k are those w/out sound economic understandings!
I agree with this but it is a big question mark what effect this will have on the society.
How will this transfer of wealth effect all of us? Will this be beneficial for the humanity as a whole or will there be equal harm?
Food for thought.