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In the current environment of wars, economic slowdown, high prices, and ever more government control, it is easy to take your eye off of the ball. The ball here is Bitcoin, and it will protect and increase your wealth. Do not be distracted.
Too risky for retail?
On social media channels and in the mainstream media you can find any amount of calls for a massive fall in the bitcoin price, or that bitcoin mining is ruining the planet, or that bitcoin is too risky for retail investors to buy.
If you have done your research you will know that you are being gaslighted. How does the scarcest asset on the planet take a massive price fall when the institutions are buying the hell out of it now that the Spot Bitcoin ETFs have been approved.
Of course, no one can predict markets, and yes, bitcoin has a small enough of a market cap to still be manipulated. But for an asset like this to go down and for bank stocks to go up over the medium to longer term, is probably something out of la la land.
Bitcoin is ruining the planet
We are still told that bitcoin is ruining the planet by using so much of the electricity supply. We are generally given a country like Belgium, or Norway or something, and told that bitcoin is using the same amount of electricity.
Even if this were the case, and a lot of bitcoin mining wasn’t in fact using renewable or unwanted energy, it would be worth every single watt. A financial system outside of the corrupt and unfair one that we currently have is certainly worth a Belgium.
Is bitcoin risky? Everything you put your money on is a risk. However, if you were to weigh up the risk of putting some of your wealth into bitcoin, against buying government bonds, backing the stock market, or just leaving your money in the bank, bitcoin looks like a very attractive alternative.
Bitcoin vs banks – no brainer
The bitcoin price is currently at over $52,000. While leaders of banks and international financial institutions have been screa
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Author: Laurie Dunn
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