Reasons why BTC will become the new 'Gold':
[in quotation marks, as it of course can never become a physical good]
Just as predicted one and a half year ago, BTC has 'crashed' up and almost risen to 30k $!
BTC, in near future, will be more favorited than Gold, in terms of safe haven.
Why? - Because you can sell btc very fast and at any time, while Gold does not offer this flexibility.
On the other side, Gold has always been a metal, that had times of low validation.
People tend to sell their gold, because other than looking at it, is not possible [if you do not use it for jewelry].
Additionally, one must keep it safe and secret.
That means, that BTC will become very attractive for the really big investments.
It is much easier to deal with it, as you can keep it on a hard disk.
BTC, other than Gold, is a 'currency', so you can even pay with it - though in my eyes, this will only become the 2nd important reason for holding it.
I see prices of BTC not lower than 10k in future; anyone who has bought around that price is lucky and should keep it.
> It is, seen from a technical-analysis as well as from a fundamental point of view just not imageable, that it could go under this level. That would just be a catastrophy and destroy all confidence and trust into this currency.
People, who have bought around 20k, must be very patient and cautious, as BTC could go down to that level again at some time. But the long term trend is clearly above 20k.
Other reasons that speak for my perspective:
1) First 8 years were speculative - that is totally normal for a new asset, that must first provide some sort of feedback, before it can be seen as investment asset.
It must pass the speculative time; just like Tesla stocks had to pass it. Afterwards, it gets interesting for the really big boys, that do investment - and not trading.
2) Holder type changed: As there have been many spec. traders, that came into the game before (and sold at 17k, which caused a massive drop to under 4k), now there are much more serious investors in this trading floor.
Btc already reaches volume of trading, that is not far away from typical assets like oil, metals, etc.
3) Big volume makes the market much more stable.
And: Popularity of bitcoin is very important in this analysis, as it is the 'one' crypto currency.
This is no more story of typical crypto smash, as it has been before (but foremost for all kinds of cryptos, that no one uses).
I think that btc has survived the testing phase and will become a crucial investment asset in future.
Have a nice year and take care!
[in quotation marks, as it of course can never become a physical good]
Just as predicted one and a half year ago, BTC has 'crashed' up and almost risen to 30k $!
BTC, in near future, will be more favorited than Gold, in terms of safe haven.
Why? - Because you can sell btc very fast and at any time, while Gold does not offer this flexibility.
On the other side, Gold has always been a metal, that had times of low validation.
People tend to sell their gold, because other than looking at it, is not possible [if you do not use it for jewelry].
Additionally, one must keep it safe and secret.
That means, that BTC will become very attractive for the really big investments.
It is much easier to deal with it, as you can keep it on a hard disk.
BTC, other than Gold, is a 'currency', so you can even pay with it - though in my eyes, this will only become the 2nd important reason for holding it.
I see prices of BTC not lower than 10k in future; anyone who has bought around that price is lucky and should keep it.
> It is, seen from a technical-analysis as well as from a fundamental point of view just not imageable, that it could go under this level. That would just be a catastrophy and destroy all confidence and trust into this currency.
People, who have bought around 20k, must be very patient and cautious, as BTC could go down to that level again at some time. But the long term trend is clearly above 20k.
Other reasons that speak for my perspective:
1) First 8 years were speculative - that is totally normal for a new asset, that must first provide some sort of feedback, before it can be seen as investment asset.
It must pass the speculative time; just like Tesla stocks had to pass it. Afterwards, it gets interesting for the really big boys, that do investment - and not trading.
2) Holder type changed: As there have been many spec. traders, that came into the game before (and sold at 17k, which caused a massive drop to under 4k), now there are much more serious investors in this trading floor.
Btc already reaches volume of trading, that is not far away from typical assets like oil, metals, etc.
3) Big volume makes the market much more stable.
And: Popularity of bitcoin is very important in this analysis, as it is the 'one' crypto currency.
This is no more story of typical crypto smash, as it has been before (but foremost for all kinds of cryptos, that no one uses).
I think that btc has survived the testing phase and will become a crucial investment asset in future.
Have a nice year and take care!
