The investments of MicroStrategy, Tesla and Square, in Bitcoin, raised the financial legitimacy of Bitcoin as a store of value and further strengthened the crypto’s case as a hedge against inflation. These bold moves, at this critical stage in the acceptance of Bitcoin as an asset class, would prompt other institutional investors to “jump on the bandwagon”. I think the “retail investors” missed the proverbial boat and while there are still gains to be realized, the kind of resources (money) it will take is void in the retail community for the most part. I am only speaking in terms of Bitcoin, but there are opportunities in the “altcoin” space. Bitcoin will experience 3 more halvings in the next 12 years that will be very significant and we could see a price surge that will move the crypto to the $1MM per coin mark (that is not a typo). I was an early adopter of Bitcoin (2011) and was the receipient of several “free” coins during the early days before we began mining operations overselves.
With regards to regulation, we have to be mindful of “too much” regulation. It could destroy the foundational fabric on which crypto is built. There is no way to truly shield crypto from illegal activities or any currency for that matter, but that still should not diminish the good that can and is being done. I have written extensively about this topic and will share more with you when I am released. I don”t want to run out of TRULINCS lol.
Kind Regards,
Ben
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