Let’s Talk Bitcoin
For years now we have been writing about Bitcoin, speculating, dreaming, and hoping for a change brought on by Bitcoin but we have never really seen this happening. There has been this back and forth about the validity of the system and crypto as a whole.
As we approach a new halving of Bitcoin we quickly approach a new era where new millionaires are possibly created. the last halving created a lot of millionaires and this new one seems to offer that same chance. Still, with the economy the way it is now it seems very unlikely that the number of millionaires created this time will mirror that of the previous halving.
As usual, the ones that have the biggest chance to grow and gain more money and power …are those that already have money and power. The crypto space -once thought of as a way to buck the system, has become nothing more than another playground for the likes of big businesses and billionaires. Elon Musk once slyly used the Bitcoin market to gain millions by allowing his cars to be purchased by Bitcoin during a downward trend only to end Bitcoin purchases once the market went back up netting him millions.
Companies like Blackrock, which already owns half of the world, have vast storages of Bitcoin and are poised to benefit the most from the halving. There are so many companies, whales, and already rich individuals holding enough Bitcoin to make millions, even billions once the halving is complete that it makes you wonder about the “little guy”- us common folk.
The United States government has made all efforts to make it damn near impossible to thrive in the crypto world while at the same time making sure they can benefit from it. Congressmen complain and “warn” about the dangers of Bitcoin and crypto all while holding the token themselves, completely showcasing the hypocrisy of the modern American government official. Retail traders, or those that are not professional, are at the mercy of the government and taxation, which we know is avoided by the rich and powerful.
So, what can be done? What does this mean for you and me? The answer is that the adage “If you can’t beat them, join them” comes to mind here. As the Bitcoin halving comes it’s best to make sure you make at least some type of purchase. Now of course this isn’t financial advice nor should it be taken that way, and no it is not meant as a form of FOMO. What we are saying is that you should do your research, and see for yourself what has been happening with Bitcoin, who has Bitcoin, and what it has done for many people in the past, and then make a decision based on your values and the information given.
Full disclosure — As for us a lot of our staff already has Bitcoin, some have a whole bitcoin and some have pieces and pieces are fine too as long as you have some skin in the game.
The once big dream of Bitcoin may all be but gone due to the greed of the greedy but perhaps before it is too late we can do something to ensure we are not left behind.