June 22nd and July 20th were two dates BTC was trading around $29k. It was this year as well. Since then slowly like BTC always do, it rises from the bottom and keep the momentum alive. There was no clear cut or explanation to why crypto in general reaches a market cap of more than two trillion dollar. I know the market is saturated with news to the left and right about crypto. At the end of the day crypto will always win.
Looking for elsewhere to decide why you need to be part of this innovation, you will remain clueless. I can add to that point, it has become a lot easier to adopt crypto when you are part of it. I can say yes. There are two trillion reason why you should never think otherwise. I watch a video on youtube why everyone should hold 0.02btc, then it was a mere $250US. Right now you need a thousand to get to that number. I will be following this inflation graph to see what 0.02btc will get.
It is hard to press anyone to jump in crypto bandwagon without asserting the fundamentals of investment. It is a no quick rich scheme. You have to give time to mature. Always invest what you can afford to lose, simple as that. On the other side you will always laugh to the blockchain. Lately crypto has emerged to be a place for DEFI. Not everyone thing this way. Mr. Saylor from Microstrategy seized another approach from the beginning.
The company investment in BTC is there to balance the company reserve in the long run. Apparently he decided to buy and hold BTC directly. Kind of a reminder for all of us in Hive blockchain. This is one way of addressing crypto for a company. I will go the route of lending crypto to a DEFi and take the interest in the long run. There is risk involved and he is right to feel this way.
Apart from his point, BTC is not the only token growing these days. Even though he think BTC will crush everyone. I see in BTC as an asset class where only the privilege will have access to when it reaches $100k. It will be expensive and look satoshis like to intervene with BTC at this valuation. This is why you have Ethereum, ADA, and many more putting a run. Crypto is making it possible for anyone to appreciate what you can do with money.
Hive is trading 60% against #KRW. It has stand the weather quite well. It seems they need more in the exchange for liquidity. While BTC gets the whole fanfare you have many altcoins coasting quite well in the market where millions of dollar valuation are moving daily. Hive is trading heavily inside Hive-engine. This trend alone is putting pressure on the amount of Hive reaching the exchange. Now you have a parallel market in great need of a token. #Splinterlands could be a smoking screen that can take Hive to new high.
A healthy crypto place benefit the holders. Lately so many institutions are buying crypto and hold. It causes the exchanges to look for liquidity and keep the flow going. When tough gets going, the going only gets tougher. I hope the supply crunch may never come now cause I am ready to follow what the market is giving me. Supply always play in the favor of the seller. Less seller dictates the price.
The bottleneck for crypto market cap to reach another trillion is valid. Understanding blockchain, rallying around regulation mix with compliance. Open the door for more folks to see the need for crypto, this could be the situation room now all over the world. Mr. Saylor mentioned how to beat inflation. In 2021 I will take volatility over inflation. At least I know one of them will have to cool off, where the other one will always eat my funds, unless I go in crypto.
That $50k mark needs to build enough resistance. Let's say we will leave this job to September. Maybe the rest of the year to fully embrace volatility. That way it will bring less pressure for many more to follow their numbers. Everyone has one. I wish I can say crypto will resolve the world problem. I can say crypto will enable every holders to fulfill a dream where you are not bound to a location with crypto. Universally you can be anywhere and do your business with crypto. This part is getting itself out of trouble right now.
Keep vesting your tokens.
