If I remember correctly, Michael Saylor has always called Bitcoin as sound money and a hedge against inflation and turmoiled times. Well, it looks like it isn't as such and seems to be highly correlated with the stocks market instead. Fluctuating in tandem with the establishments money making tools.
Michael Saylor's not the only one expecting Bitcoin to be that magic internet money that would fix everything and that's where our understanding is flawed. Bitcoin doesn't fix shit by itself and there's no god that would magically change the world so that it fixes what we were expecting it to fix.
It is in our hands, attitude and behavior to be the gods "fixing anything on this planet". As long as there will be a bank account and a tax threat between your Bitcoin and the groceries you get home from the supermarket, we're not using Bitcoin as we should.
By Bitcoin I'm not referring entirely to it and more at the industry as a whole.
The governance powers all around the world are proven to be corrupt and working for hidden leaders instead of the masses that actually pay them and have voted them. Hence the masses need to wake the fuck up once and for all. The abuses that happen against Canadians in Canada are threatening to become permanent and these abuses go even further.
We are at the make it or break it point. If we don't start using the damn tech as it was supposed to be used for our liberation, like spending the damn bitcoins, moving funds via blockchain more often, creating crypto businesses, exchanging goods for crypto and creating large crypto communities all over the world, we're still swimming in the same muddy waters.
Taking money out of the banks would be a good idea to start with as well.
As long as we "deal with bitcoin" through a bank account and pay taxes for that, we're far away from fulfilling Satoshi's vision and that's probably the main reason why bitcoin is still correlated with the stock market. The mentality around Bitcoin is still "stock market like".
We need to change that so we can change the world. Leaders as Trudeau prove to have become pure breed fascists and it's time to take our countries and freedoms back "by force". And what of a big force Bitcoin could be...
Thanks for attention,
Adrian
Initially Posted Using LeoFinance Beta