It's the first time I've seen a Bitcoin ATM in real life, and there's only one thing that goes through my mind right now: money laundering. Whether we like to admit it or not, Bitcoin is still the perfect tool for money laundering. I wish I had some money to launder through this ATM, tbh.
But my reserves are thin, thanks to being almost all in crypto, and I don't regret that. I kind of bought the bottom in 2022 and 2023 and am now waiting to gain my financial freedom, hopefully...
This Bitcoin ATM reminds me of my early days in crypto because the exchange that owns it was one of the first that I used. As a matter of fact, the first local exchange that I actually used was shut down a long time ago, and the owner was thrown in jail for money laundering and tax evasion.
Those were the good old days of the 2018 bear market. It's interesting how all the shit that can happen to crypto happens in a bear market. We're not there yet, though; there's still plenty of room for Bitcoin to grow and especially for altcoins.
I got into crypto in 2017, and man, how much this landscape has changed. We still have rug pulls, hacks, bad social media influencers, but we are no longer the underdog of the investing world. As a matter of fact, Bitcoin will be, in my opinion, the no.1 asset to invest in the decade to come.
I don't believe in a super cycle for crypto, in the sense that now that we have these ETFs, we won't see a bear market, if any, for a long time ahead. I simply don't believe that. ETFs are bought by emotional investors who are also driven by fear and greed, same as us plebs.
At some point, most probably in 2025, as history has taught us, BTC is going to hit a ceiling; it will not be the final ceiling, but the market will enter a bear market. Not until everyone goes bananas and starts believing that there is no end, though.
2024 was more like 2016 than 2020, and although we don't know how deep the bull market will dig into 2025, we sure know it's going to be glorious, and my take is that the rebound from this slight dip shall commence after the Trump inauguration.
Hold tight, don't get shaken out, and get ready for glorious times ahead. The time to reap the rewards for all the shitty bear markets we've gone through is close. So close... Have a great Monday, folks, and see you all tomorrow.
Thanks for your attention,
Adrian
