Once you have been in the Bitcoin and cryptocurrency market for long enough, you will become familiar with some of the most popular theories by experts in the space. Perhaps the most famous of them is that crypto will cause the largest transfer of wealth that the world has seen in recent history. Those who have been accumulating Bitcoin and other blue-chip cryptocurrencies over the years will benefit greatly. And those who haven’t will see their wealth disappear.
This is the hope that most Bitcoiners hold onto during the darkest of times. When prices have plummeted by more than 70%, and when we are in the midst of a bear market. That the feelings of stress, pain, depression, and anxiety that the market hands out will all be worth it.
All with the hopes that we will someday, “Make It.”
The idea of “making it” is vague and has different means for each person. For some people, it might mean being able to pay off all of their debts. For others, it could mean no longer living paycheck to paycheck, and being able to take that trip that they have always been dreaming of. Finally, for others, it could mean being able to buy a house or even being able to retire early.
But what are the odds this will happen?
The harsh reality everyone needs to know when entering the cryptocurrency market is that nothing is guaranteed. While there is a chance that Bitcoin could someday be worth millions of dollars per coin in the future. It is also possible that it could someday go to zero. No one knows what will happen. And if they say they do, they are lying to you. This is why doing your own research is vital for your survival in the market. No one else can be trusted, and you must build your convictions. As for me, I believe Bitcoin, Ethereum, and a few other select cryptocurrencies are the future. By investing in these correct projects, you can change your life financially.
However, 99.99% of crypto projects are junk. This means that the crypto market could cause the largest transfer of wealth that the world has ever seen. But, you could still lose everything by investing in the wrong projects.
With that said, with each day that passes Bitcoin’s chances of sticking around for the long-term and becoming even more successful increases.
When Bitcoin was first created there were real doubts if it would ever amount to anything. There were fears that it could become a criminal offense to simply own it.
But, that doesn’t mean it will be a straight path to the finish line. Unfortunately, there will be several bumps, detours, mistakes, and battles along the way. This is evident by the US seemingly waking up to the fact that the US dollar is losing its power and that Bitcoin could be a major threat to it. The Biden administration has come out against it and even has blamed it for many of the problems that have caused the banking crisis. They are attempting to turn the public image against crypto and drain enthusiasm from the market.
While no one knows if we will actually make it in the future. The truth is that most people would be shocked if Bitcoin would never match its previous all-time high again. They would also be shocked if it never crossed $100k or above. The future is very bright for crypto, and we can all make it. There are no free passes, however. As always, it will take money to make money.
How about you? Do you think we will make it in crypto?
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