The game has changed, Bitcoin has gone through a transformation and will never be the same again. All of this sounds great, but all of this bullish momentum can easily be missed if you aren’t paying close attention. There is no denying that Bitcoin is in the midst of one of its longest stretches of moving sideways, The boredom is starting to affect investors in the market. Causing them to either lose interest, forget what made them so excited in the first place, or become bearish.
The route that most people take is suspecting the market pressures and becoming bearish, especially if this is their first cycle in Bitcoin. No one wants to go against the grain. When the internet and your peers are becoming fearful, it is much easier to join them, rather than going against them. People love to be included in the most popular group.
And right now that popular group has been saying that Bitcoin will drop. The price couldn’t overtake the $31k hurdle after the news that BlackRock was applying for a Bitcoin spot ETF broke out, and now there aren’t bullish events on the horizon. Financial markets and economies continue to be shaky, with many experts believing that we are on the cusp of something horrifying. That the best-case scenario would be a recession, and that we could even have one of the largest depressions the world has seen in a century.
It is true that in the short term, things could continue to go sideways or even drop. The truth is that absolutely no one knows what will happen next, and if they say they do; they’re lying to you. We are in uncharted territory.
With that said, things have never looked better for Bitcoin. The game has changed and there is no going back.
When people tell you what they are excited about in the future for Bitcoin and crypto. They will often mention the next Bitcoin halving, the SEC losing their court case again XRP and Ripple, countries such as El Salvador making Bitcoin legal tender in their country, or maybe even the SEC finally approving a spot Bitcoin ETF in the US.
Those are all incredibly bullish things, but they are distracting you from the most important change that Bitcoin has undergone.
The most important thing that is currently happening with Bitcoin is that it is being discussed openly and often in US Presidential campaigns. It has even become one of their main selling points. They understand it, why it's important, and they are vowing to protect it. These candidates represent the old generation transferring their power to the next generation. You could argue that maybe the likes of people such as RFK Jr might not be elected. But there is no denying that Bitcoin has moved from the shadows and is now one of the most important issues during their Presidential campaigns.
It is no longer an issue that can be ignored. These people must have an opinion on it, and suffer the consequences of whatever their opinion is. The truth is that they already know that many Bitcoin and crypto holders are one-issue voters. While they care about other issues, they will vote for the candidate that best represents their views on Bitcoin.
While El Salvador making Bitcoin legal tender in their country was monumental for Bitcoin. Its size and financial impact cannot be compared to the US. When the US is finally talking about Bitcoin openly and often and even now that BlackRock has finally entered the Bitcoin market, you can bet that other countries are taking notes. Adoption doesn’t happen overnight, but step by step. Ten years ago, no one would have predicted that Bitcoin would have come this far, but it has. You will be amazed at how far it can go in the next ten years. People often overestimate what can be achieved in a year, but drastically underestimate what can be achieved in ten years. I’m fully confident that in the future, we will look back at this moment as the time when everything changed for Bitcoin.
How about you? What do you think is the most important thing currently happening in Bitcoin?
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