But what does that mean for altcoins? Well...
I've been reading a lot of X as of late. I think this seems to be the new place where I get my news from. I'm absolutely not too hot on taking it from any of the mainstream news sites, that's for sure. Maybe that's a rebellious bias from my teenage years that has stayed with me? I don't know..
Nevertheless..
https://x.com/saylor/status/1882110599032950806
Here's Larry Fink, speaking at Davos, trying to convince other governmental leaders and institutional investors to get behind bitcoin as a tool to hedge against local problems.
Local problems? Well, he means things such as inflation, wars, and unrest. It's like a peaceful tool to overcome financial instability, which if you understand how the world works, then it's all about the base financials underneath everything.
Sure, the people matter, a great deal, as solid crypto communities will tell you -- however if those base financials are out of synch then the people turn against you. Bitcoin is like a solver for this, a peaceful tool for economic stability -- is what I took from this.
Is his intentions purely altruistic? Nah, of course not, Blackrock are one of the biggest Bitcoin holders; he now wants people and countries to pump his bags, as we all do, but his point is no less truer, Bitcoin is a force for good when used in the right ways.
But then what does that mean for the altcoin holders? I mean wont people just forget that we exist since Larry Fink has now become Bitcoin's biggest promoter?
No, well, actually, we should see an immense amount of growth in this sector in the next few years. If you thought we were in the dusk part of the early years then think again.
Right now the cryptosphere fundamentally lacks any sort of proper business fundamentals. I've worked with a lot of projects and finance in the last 10 years and it's mostly a guy and his dog working with a shoestring budget -- myself included for a while.
That's not to say there isn't any real business powerhouses out there in crypto, because there are, and some of them have entire buildings dedicated to their existence -- but there seems a sort of existence where there are extreme have's, and extreme have nots. There exists a vacant spot for middle management in crypto, the medium sized businesses; the high street shop that maybe has up to ten stores dotted around the country; they are now about to come flooding in.
And, well, they can't use Bitcoin. Imagine people trying to pay their transactions through Bitcoin en-masse. It'd tighten the system up harder than @bradleyarrow's butt hole when I tell him I might buy his book. The system would have a heart attack.
So that's where we come in; the altcoin people. This is where the payment processors will be, and who I truly think will be the real winners in the end. Whoever manages to create a system where you can load up your wallet with crypto and as long as there is liquidity there then it'll pay for.. whatever you buy, will win the ticket to Valhalla.
This will turn the system on its head and a new wave of middle class businesses will emerge - ready for the picking. And through that, as more and more people onramp to crypto, then our bags will be pumped to the moon.
And then we can go buy a private island in the maldives.. haha. I hope.
Anyway, enjoy the bull market. It's going to be a big one.
Peace :)
