Ah the price of bitcoin is once again all over the place but really these corrections where going to come at some point as large companies take their gains or really every day people. However those values of Bitcoin are getting harder and harder. For example I mainly invest in Ethereum and other large caps and not so much bitcoin these days.
That's mainly because bitcoin is sure a great store of value but when it goes up the percent gain is normally half that of Ethereum or even less for other tokens like Solana for example.
To make that more clear let's take Solana and Bitcoin.
Bitcoin at $16,000 x 10 is $160,000 (which we are no where near to hitting.
Solana $25x 10 $250 which we already hit and will most likely continue to hit.
In terms of gains there are better options now for investors over Bitcoin and to be fair the glow that bitcoin once had in terms of being anti banks and anti government are now gone. Now bitcoin is being fully integrated into the system it was built to overturn now how's that for a crazy story.
But what do the next 4 years hold for us as crypto becomes excepted by governments and honestly fully mainstream?
The 4 Year Plan
The next administration coming into the USA government has been talking a very bullish game for cryptocurrency. From replacing the SEC, reducing spending of the government, saying that the USA is going to build a strategic reserve of the asset and so on.
Now while this has lots of people excited you have to realize a few important things here. The first being that trump is a business man and so is his family. Everything they do is not for the betterment of everyone but in fact a betterment for themselves. That's just human nature and it will always be that way.
The other part of that is that the USA is not buying crypto or bitcoin they simply just are not selling it from the raids and other enforcement actions that are done.
None of these things are very bullish for crypto overall. So where's all the hype for the next four years coming from?
Right now we are seeing banks, companies and investment firms buying up bitcoin or well supposedly buying it all up. Do you really think bitcoin is going to be that attractive when the ultra wealthy hold pretty much all of it? We will literally be right back to the system if not worse off then what it was before. Where it's run by a select few at the top with all of the wealth.
We all know that Trump himself is launching companies and everything off of his presidency to build massive wealth not even in the fiat system but also in crypto. You don't have to dig deep just take a look at things and it spells it all out for you.
In a recent Binance conference Eric Trump went up on stage and laid out how bitcoin is like a modern day real estate. This modern day real estate does have value in it as there is really real estate involved with it. For mining warehouses, power stations and more.
So while we will see adoption I feel the general idea of what bitcoin once stood for is being thrown out the window and replaced with a new world financial system that might very well be even more centralized than the fiat system. What are your thoughts?
Posted Using InLeo Alpha