There have always been only 2 possible outcomes for Bitcoin. It would either eventually go to zero or it would go to a million dollars and beyond. As time goes on, it is becoming clearer that the 2nd outcome has the best chance of becoming a reality.
If you owe a bank $1 million and you can’t pay it back, you have a big problem. But if you owe a bank $1 billion and you can’t pay it back, now the bank has a big problem.
I believe this is a quote that now directly applies to Bitcoin and where it is in its timeline.
Well, not Bitcoin, actually, but the powerful players that have gotten heavily involved with Bitcoin.
Some of the most powerful people, corporations, organizations, and now countries have gone all in on Bitcoin. If BTC were to fail or go to zero, now they would have a big problem. But if you know anything about these types of groups, you know that they will never let this happen. The truth is that they actually have the power, capital, and influence to ensure that.
Companies such as BlackRock, the largest asset manager in the world, has gone all in. Most financial experts agree that there are a few select companies or people that actually control the world from behind the scenes, and BlackRock is one of them.
For example, for years, a spot BTC ETF in the US was thought to be impossible. For nearly a decade, each application had been rejected, and most Bitcoiners had accepted that the spot ETF would never be approved.
However, all of a sudden, BlackRock applied for a spot ETF and everything changed. It was approved, and that was the catalyst that ignited the bull run that we are currently in.
Governments have joined in as well.
When countries like the US have fully gotten behind Bitcoin. Even going so far as to create their own Strategic Bitcoin Reserve. You can believe that the US will continue to protect Bitcoin, because it's now in its best interest to do so.
Finally, banks are even getting into the fold. For years, JP Morgan and its CEO, Jamie Dimon, have been heavily against Bitcoin. Verbally attacking it each change they got. But that has also changed with JP Morgan getting into the Bitcoin business. And you can be assured that they will become one of BTC’s biggest proponents in the near future. Because it is now in their best interests.
First, they ignore you. Then they laugh at you. Then they fight you. And then you win.
Bitcoin is exiting the “fighting you” stage and entering the “winning” stage.
What this all means is that Bitcoin is about to reach its full potential. With the most powerful organizations and people now fully backing Bitcoin. The sky is truly the limit. Things are about to become very bullish.
Bitcoin has become too big to fail, and a lot of people are going to become very wealthy because of that.
How about you? Do you think Bitcoin has become too big to fail?
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