So that would mean that SO FAR, 100% of people who held bitcoin for at least 4 years have won.
BTC was around $5000 when you got it. Since then, it ran up to over $63,000, crashed a few times and is currently around $28,000 today.
Everyone who bought BTC between January 2021 and June 2022 is under water on those transactions. Every single one.
There is no way you can guarantee the price of BTC four weeks from now, let alone 4 years from now.
But I also do not suggest Bitcoin as primarily an "investment". But rather a hedge.
As I thought I pointed out much earlier... In order to function as a good hedge, ideally it needs to go up when other asset classes drop. But that doesn't seem to be the case. It's just too volatile, and doesn't correlate particularly well to any of them.
Casinos do not make for good hedges.
And it is a hedge against what we see coming.
There's no evidence whatsoever of that.
For example, SVB was shut down a month ago. Thanks to the swift action by the FDIC, Fed and other entities, the potential contagion was halted. Other portents of doom don't seem to be playing out as expected.
While some type of recession is inevitable, there is no way to know what will happen to BTC exchange rates when it hits.
CDBCs and endless dillution of the money supply by constant printing. A way that governments have extracted wealth from not only their own citizens but the people of the world for over 50 years.
Sorry, but no, not even close.
Governments around the world have successfully kept inflation hovering around 2-3% for 50 years. Repeated proclamations of imminent hyperinflation in the US repeatedly belly-flop. That claim makes even less sense than ever, given that:
• The Fed has increased interest rates rapidly over the past year or so in order to tamp down inflation.
• BTC underwent
massive inflation in the second half of 2022
Meanwhile, the residents of the tiny handful of nations that "endlessly dilute" their own currencies (e.g. Zimbabwe and Argentina) typically switch to USD (not crypto). Hyperinflation doesn't wind up "extracting wealth" from anyone, because the currency that they try to extract as taxes quickly become worthless. And the few nations that are trying to use BTC as their legal tender got railed by the huge drop in BTC's value.
Also, people who support he central bank fiat system have no right to point at Bitcoin and talk about it's use in crime. Bitcoin is small peanuts compared to the USD in that regard.
How does that make BTC a good hedge?
Lastly... we seem to be seeing an orchestrated plan against the USD unfolding before our eyes.
What "plan?" Who is masterminding this plan? Why isn't the federal government stopping this dastardly plan to destroy its currency?
We will see if I am right. It is just a matter of time.