Over the next 8-12 months we believe crypto is about to get crazy. So much is happening in the crypto space we are bringing back our weekly crypto newsletter. Summer is basically over and it’s time to get focused and end this year out strong.
First I just wanted to go over a few things especially if you’re a new reader here. I wanted to start with the number one piece of advice that new investors need to know. Do not buy a coin just because a crypto influencer or a YouTuber talks about it. Think of it as a ‘trimming off point’ where you can learn more about Bitcoin and all the different crypto projects especially the new ones.
Always remember a conversation about something is not a cosign on something. One thing I need to stress to protect myself I am not a certified licensed financial advisor. Honestly I am just someone who has been working online since 2002 and someone introduced me to Bitcoin and crypto a few years ago. I became very passionate about it and decided to build my brand and blog about it.
Sure I know a lot about Bitcoin, blockchain and crypto but I don’t know the inner workings of most of the new projects I give reviews on. Coins like Bitcoin and Ethereum we know exactly what it is and how it works. It’s the brand new coins and tokens we can’t tell you with certainty. I only have what is made publicly available which I research and bring to you. This goes for coins, tokens, tools and systems. Anything new that hasn’t really been tested comes with more risk. But like the old saying goes more risk more reward.
So lets dive in shall we?
Bitcoin Richest 1% of the World
How can we say this with such certainty? A statistical guarantee? First lets talk about a DeFi alt coin that actually went to $30 thousands dollars. YFI aka Y Finance. It’s not decentralized, immutable or permissionless like Bitcoin but it’s scarce as hell. It’s NOT a store of value because who knows where it will be in a year.
Bitcoin on the other hand is the complete opposite of YFI. However what they DO have in common is SCARCITY. Lets take look at what Parker Lewis says:
First thing you want to understand is that 100 million people value Bitcoin today. A fixed 21 million Bitcoins starts to become scarce. What if the Bitcoin network continues to grow (which is will) to lets say one billion people? Now 21 million Bitcoin becomes EXTREMELY scarce. Bitcoin will become even a greater utility as a constant.
Now take a look at these graphs:
This is a projection of supply and demand regarding Bitcoin. Adoption vs Bitcoin in circulation. Today there are 18.6 billion Bitcoin in circulation. The estimated adoption is 100 million for 2020. By 2030 we know for a fact there will be 20.6 million Bitcoin in circulation. Yet adoption will exponentially grow I’m sure. I would guess around 1 billion people will buy Bitcoin at some point.
Lets talk about the average that a user can actually buy. I don’t know if you are aware but the average holding of Bitcoin per person in 2020 is 0.20. By 2030 it’s going to be 0.02 per average holding. And that is why we can say if you own .28 BTC, you’re statistically guaranteed to be in the richest 1% of the world (in terms of bitcoin). Today that’s just a bit over $3,200. Are you in the 1%?
Personally I believe Bitcoin is going to be around for decades not years. It’s hard to believe now because it’s only been around for just one decade. Just like back in 1995 half the people didn’t think the internet would be a part of our lives forever.
No more than 5-10 million people
No more than 5-10 million people will ever own a full Bitcoin. What’s really cool to think about if you own just 0.28 Bitcoin you would be considered statistically the richest 1% of the world. What if you could be a Wholecoiner?
1000+ Bitcoin at an All Time High
The demand for Bitcoin is there. The number of wallets holding 1000+ BTC is at an all time high. Our team has been talking about Bitcoin for almost three years now. We started in October of 2017 so just a couple months away. We are more excited today than when we started. One of the reasons is that Bitcoin is sitting under some of the last remaining resistance. Bitcoin has always tested a lot of resistance levels. Once it can breaks through this last level of resistance I see no reason why Bitcoin is not going to see something similar to all previous bull runs.
In conclusion I will say this. If you haven’t been collecting Bitcoin and other cryptos there has never really been a better time. You really have to ask yourself are you a Bitcoin and crypto bull like me? Do you believe your crypto will be worth a lot of money some day? Treat it as such. Make sure your storing and protecting your coins. There are plenty of ways to do it. Any questions at all feel free to reach out to me. If you’re ready to get started with crypto there really has never been a better time.
If you haven’t started your crypto journey you can start here:
Ready To Take Your Business To The Next Level?
wanted to mention something important. I’m guessing you’re weighing your options and want to make steady income correct? Or maybe you’re looking to increase your wealth and or options in life. In my opinion and the opinion of many others crypto is probably the easiest way to make that happen.
Cryptocurrency is helping people get away from the ‘traditional stuff’ that makes things so difficult to get ahead. Centralized banks and business models make it extremely hard to make things work and preying eyes are watching your every move. Get decentralized asap and get your freedom back.
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The team is here to support and help you get the results you are searching for.
To Your MASSIVE Success
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P.S. Don’t hesitate to reach out to me. If you have any questions at all you can leave them in the comments or just send me a message on Facebook I am here to help!