On Oct. 3, Visa unveiled VTAP, a platform supporting various tokenized assets, signaling a deeper move into the crypto space as adoption grows.
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Not once did I say, while many were fearful that the banking cartel would try to kill Bitcoin and crypto, that these beasts wouldn't actually do that. Instead, I said they'd adapt and profit from it—and now, we're living in the times proving my point. Technology drives our evolution as a species, and anyone trying to fight it...
Well, I wouldn't recommend that. In fact, I even advise my father against it. Whoever tries to "short technology" is going to get wrecked. The banking and TradFi cartels know this, and that’s why they’re finally embracing it.
I see all sorts of people on Twitter cheering for BlackRock buying Bitcoin... On the one hand, that’s bullish for the price, but on the other, knowing what BlackRock is—and its CEO’s past attitude towards Bitcoin—I don’t see their involvement as all that bullish.
Yeah, price-wise, it is bullish. A few days ago, when no ETF was recording inflows, BlackRock did. This company is famous for using AI to manage its assets long-term, but it's also the type of company that looks to monopolize everything.
If we view Bitcoin as a "hedge against tyrannical governments and the banking cartel," then BlackRock hoarding BTC isn’t a good thing. But honestly, who even cares about that anymore? 99% of us in crypto only care about portfolios going up and the money we can make from it.
At the end of the day, all that matters is how much more dirty fiat we can rake in, riding the waves of bull and bear markets while actual utility seems to matter less and less—which is kind of sad. But I get it. A lot of us didn’t have shit our entire lives, and now we "can all make it" in just a few months.
Buying yourself a house, a nice car, and having enough cash stashed to last a few years until the next bull market—that's something. Otherwise, it makes no sense to sell BTC ever, and honestly, it would make no sense to buy altcoins either, because 10 years from now, many of these shitcoins won’t even exist.
Oh wait, we said the same thing seven years ago, and now we have three times more shitcoins than back then. Man, this stuff is inflationary as hell 😀.
Still, it’s nice to see that some projects here and there have real-life utility, and hopefully, many more will. It’s not easy finding the perfect approach to crypto, though. I used to be in the "HODL for life" camp for a while, but when the bear market kicked in, I regretted not selling during the euphoria phase.
Regrets are pointless—and so is BlackRock for my day-to-day life. I don’t mind them pumping our bags, but I’d really love to see people use crypto more often instead of just speculating on it.
Just my two cents...
Thanks for your attention,
Adrian