@Baron How about a yearend up date?
Are you still as confident as you were when you started the journal after all that has transpired in 2022?
Well first of all, we need to define what 2022 actually represented. So many people are like, "2022 was such a terrible year for crypto!"
Um, actually no. It was a great year because the weakest links in the chain broke, and that paves a much more solid path moving forward. The crypto community really needed a year like 2022 to happen so that regulators will finally do what they've been called upon to do for many years, which is to implement a regulatory framework that gives all market participants a field to play the game on. What we've had so far is one big basketball game but with no lines marked on the court, and no referees and accountable coaches to oversee the activities of the players. And with no painted lines for out-of-bounds, three-pointers, half-court, and free throws, the game became one big clusterfuck of activity but nobody can actually tell who is playing, who is regulating, who is coaching, and who is scamming. That's what the crypto game has been like for years. But despite those limitations, the problem is that players want to continue playing, and spectators want to continue speculating and betting on the outcomes of the sport, even with a lack of clear rules... until a series of fraudulent events happen that leaves everybody feeling fucked over. And that's when people start going nuts by demanding rules, referees, coaches, shot clocks and painted lines.
And that's where we are at in 2022. The initial fun of a new technology and industry was great to witness and be a part of, but in order for everyone to move forward, just like in any sport we need regulations and boundaries put in place so we can all know if a game participant of any type, meaning a player, a coach, a team owner, a stadium, a referee, etc. is violating the rules and fucking with the core ethics, honesty and integrity of the game.
So I have two messages to give as we move forward:
Message number one is for all of the crypto fans out there. Don't waver in your conviction as we move forward. The game rules are just now being put in place, and that only bodes well for you. The more rules that are implemented, the more institutional money will come into the space. And when that happens, it will drive the market higher at a much faster pace than you have ever witnessed so far. And for a mathematically sound opportunity like Bitcoin, it's absolutely the best bet you can make for your investing future.
Message number two is for all of the crypto haters. One of the biggest lessons that you will learn is that when you try to cling onto a specific snapshot of life and resist new technologies and ways of thinking, you eventually discover that there's nothing left to hold onto. The pace of change never stops and the rest of the world moves on without you, and no matter how much you want to believe that the current way that you've been brought up is the only way, the next generations to follow will show you that the only true path of moving forward in life is not clinging on to what you are familiar with, but instead letting go and embracing the present moment of constant change because it's all you have in this life to be a part of. Now, you certainly have the right to live and dwell in the memories of your cassette tapes, fax machines, newspapers on your driveway delivered by the paperboy, and physical buildings called banks that hold metal coins and paper bills. But you must understand that life moves on no matter how much you want to cling to the past, and just like when the day came that you had to lay the flip phone down and embrace the smartphone, the day will come when you'll have to get rid of the cash underneath your mattress and embrace your crypto wallet.
Cheers to 2023!
