So I read @shortsegments' article here about the synthetic halving of Bitcoin because of Microstrategy being out there buying up all it can, and that was scary but exciting ... it opened my eyes to the dimensions of some possibilities that I knew were there ... and then, this happened ...
Now, I have Bitcoin -- not a lot in the grand scheme of things, but I have enough so that I was more intrigued by this approach to understanding the thought of not being able to buy any in the future than worried. I'm also on Hive, so, again, no worries over here -- we have v4v.app and VSC network -- no big deal, right?
I must say the presenter's style was anxiety inducing ... he kept having to tell himself to calm down and that never inspires tranquility, but as I listened I could understand his negative excitement ... frustration for others in the midst of unprecedented opportunity.
It's not just Microstrategy -- it's five other companies, and also two U.S. states, and also China getting ready to dump U.S. Treasury Bonds for Bitcoin, and everyone who is going to come behind them ... there's a scramble for Bitcoin, and there are only 2 million left to be mined. Volumes on exchanges according to this creator are already at 2018's low levels and may be depleted this year -- and everything that is available old and new not already in the hands of Bitcoiners may not be available after 2030.
The presenter was encouraging his subscribers to wake up and realize what was going on and lock in on buying Bitcoin while it is at a low price. He predicts Bitcoin at the end of this cycle at $700K, and at $2.4 million by 2030!
This staggered me to consider ... there was a moment of FOMO I had to control because I refuse to make buying or selling decisions based on emotion, but if you watch the video on YouTube you will see the folks in the comments went to running and thinking up the most amazing ways to get more Bitcoin.
None of them, of course, know about Hive, Distriator, V4V, VSC, and that is too bad for them.
But the challenge about Hive is close to the challenge about Bitcoin that this content creator was so frustrated with ... and in a way, this is the challenge about crypto in general. The masses just don't see it, and may not until much is out of reach in terms of life-changing opportunity.
Do I think Bitcoin will make $700K in this cycle? I am still considering the possibility ... I expected around $200K and would not be surprised about $250K, but the cycle math we had to work from before 2024 is pre-institutional inrush math.
I do not know what I am going to do in 2026 to get ready for everyone who THEN, three years late, wants to buy the book I wrote to help them in 2023 ... I understand the frustration in this video. I don't have a solution for that yet, and there may not be. But for me in the meantime, I am not going to panic buy on Bitcoin -- I am going to stick to the plan for buying there. I will consider converting my baby altcoin stacks beside Hive into Bitcoin sooner rather than later as I see how things develop, because I learned Tuesday that altcoins bleed to Bitcoin anyhow!
Yet now I wonder if altcoins -- and therefore Hive in USD terms -- are going to pump as never before as retail comes in too late and tries to get what is still affordable in USD and other fiat currencies.
I also wonder now if Hive is even better positioned or worse ... better because we are already working with Bitcoin applications and can be the onramp to the world getting access to both Hive and Bitcoin through Proof-of-Brain? Worse because our onramps and off ramps may not be ready for Bitcoin to be drawn off all exchanges and quartered synthetically?
Well, I am doing my part ... bringing the information to Hive so we can get ready for the better and not deal with the worse!