It may seem hard to sell that BTC could one day take over gold. Indeed the sound is getting louder even in 2022. If you look at the same aspect of BTC when it was trading around $60k, it does not change a bit. $24 billion in volume in one day only surpassing by Tether and we know why. Liquidity will always be in the room.
The value has its merit to soften the emotion but BTC is still the king of the jungle.
#Gold is keeping pace with inflation. Unable to mount a rise to $2k, this is BTC fault. The ease of using crypto like BTC has slowed down the reason for gold to grow nowadays. Having the Banks making the prediction signal something very interesting. You wonder why now they may have jump ship for crypto. The answer is loud and clear.
As a money transmitter you get to earn percentage on all transactions. It is not really about the growth. It is all business. Bringing crypto to the clientele has so far enabled another source of revenue for them. Instead of going against it, why not embrace it and spread the good news of BTC reaching soon $100k. While Gold is moving sideways around $1815, its price keeps getting moved around by the dollar weakening.
This is one factor that affect all currencies around the world including crypto. In order for one to be strong, the other has to be weak. It all starts with supply and demand. So you know well, inflation is still around. I do not know the new word for the state of inflation in the US. 2021 it was transitory. Maybe 2022 it is pseudo permanent. Having a hint with the state of crypto, January may not be a month to look at. February with only 28 days is not looking satisfactory. Maybe March could be the month we will see something moving in the direction we hope.
In the meantime, clock is ticking. If you have to wait for more than 59 days to know what is going on, minus well you continue holding. #Gold will be gold just like the US dollar will be doing what it does best weakening.
It may appear subtle but one BTC or Hive will be the same token with far better attributes.
As long the market value is penchant in one side, crypto will step over. Now if you are so worry for the valuation in 2022, in that case wait for 2023 for a better one.
Every passing day is a lost day to accumulate. I learned that last year.
This is why I make sure I get my Leo book in order.
Weak hands be ready while diamond hands making strides.
You a newcomer in Hive, keep vesting in you.
