Bitcoin! Did You Know?

Bitcoin $55,000.00 & Bullish!

#Bitcoin is at $55K right now and trying to fight it's way back up. We seen a decent dip in the Stonks Market today which was most likely investors taking their profit. Now I love to speculate more than the next guy, but where would you imagine these investors are going to sink some of those profits at.

We are living in an era where Governments are creating their very own crypto currencies and corporations are utilizing the Blockchain to simplify out dated procedures that are probably linked to a #Microsoft #Database now that, I have no clue if I am correct or not but I am 100% sure that the blockchain is more effective and cost efficient in comparison with previous procedures in all cases thus far.

"WE HAVE YOUR BACK AND YOU STAB US IN OURS!" This Bell usually rings true and a rather unfortunate thing for billions of people in this world that are still scared to get into #Crypto already. Just in case you don't ever read my articles very much, I have numerous times gave credit to the China Virus for speeding up the evolution of crypto itself by decades, nah it really sped things up by a couple years at least though.

Governments are constantly printing money. Especially if you live in the United States although we are not the only country doing this but by the end of 2021 the United States will have printed over $8 Trillion Dollars from the start of Covid-19

March of 2020 $2.2 Trillion USD followed by December 2020 with another $900 Billion USD and as of March 2021 another $1.9 Trillion USD has been printed bringing the current total of the United States War Against The Unseen Enemy at $5 Trillion USD

That isn't all the spending that the United States Government plans to do. President Biden will need to create a booming economy if Democrats are to stand a shot at re-election in 2024 which thus far it isn't going to happen, but anyways President Biden is going to be spending and additional $3 Trillion USD in an effort to rebuild American Infrastructure.

Which the majority of us already know how this will pan out. But anyways with this bill I am sure we will be at $9 Trillion alone for the United States Government.

What Countries Did Stimulus And How Much Stimulus Did Other Countries Give Out?

• $8 Trillion USD from USA

• France guaranteed 70% of wages

• U.K. guaranteed 80% of workers wages up to $3,000 per month

• Australia worker paid $2,000 per month if their company lost revenue

• Canada paid $1,500 per month to worker with 50% reduced hours

I wish I could find the exact figures each of those countries has given out to date, maybe one day in the future that data will be available but until I'd imagine that total sum of those combined would make the United States figures look reasonable.

Although these other countries gave away a lot of money, they did it in a reasonable manor by ensuring that the money went to those whom had actually been effected by Covid-19 in terms of income. Unlike some countries where politicians feel it to be necessary to attempt to give money to prison inmates...come on guys, I can't make this stuff up.

What Part Do Banks Play?

Banks are running on the Fiat system, their currency based off of the respected country in which the banks reside. The banks in the United States use the USD as the factory currency if you will. Have you ever wondered how banks are able to make so much money? Even though you are able to bank with them with zero fees or cost unless you use an outside ATM? Has that thought ever crossed your mind?

Have you ever had a large sum of money and been scared because you're holding it and you wanted to find a safe place to store that money? You probably ended up putting that money into the bank, most people would consider banks to be the safest and most secure place to put money.

However, informed people are scared to death to leave money just sitting their in a bank account resting on the future of the bank. A lot of banks limit the amount of money that a customer can withdraw daily. I personally couldn't even begin to imagine myself personally having a million dollars and being told by the bank I could only withdraw $15,000 daily. This happens to people daily, why?

Banks don't have the money! Banks do not have to have any money in order to operate and yes, you did read that correctly. Banks used to have to keep a minimum amount of money in the bank as leverage for what they loaned out. Now banks can loan as much money as they want, 5 days a week all year long minus Holidays.

What Does All Of This Have To Do With Bitcoin?

These are the reasons why Bitcoin is more Bullish now than ever. The governments are actually forcing people into Bitcoin in order to safe guard against currencies collapsing which will be happening in the not so very distant future. on a scale like we have never seen before.

Bitcoin will soar higher than an Eagle! I am not angry at the government for doing what they are doing. However if you ask me, I'd say this is an orchestrated attempt by a certain group of people to put the final nail into the fiat coffin as crypto takes over the financial world completely which is the evitable future.

At the start of this article Bitcoin was at $55,000.00 USD and as of now we are $56,200.00 while it appears that we are moving away from the bearish down trend that we are still technically in, we could still see another pull to the downside at around $50,000.00 after this rally. This is Bitcoin though and anything could happen.

The Last 2 Bitcoin All Time Highs As of March 2021!

March Bitcoins All Time High was set on March 21, 2021 February Bitcoins All Time High was set on February 21, 2021

The chart below, I was done on a Samsung Galaxy Note 8 via the trading view app from the play store. I am working on different charting approaches for long term estimates and that pattern lead me to putting the new All time peak to be on April 21, 2021 as well. I have said $67,000.00 in previous articles and I still feel safe with that number although it looks slight higher on the chart below which I wouldn't doubt.

Roughly about 36 days until we find out exactly just how wrong I was...or 36 days until your minds are blown and you're like, "Dude, you totally nailed it!" who knows?

My Final Thoughts!

I can't predict the future if I could, I would already be rich enough to own a TV studio and I would be speaking to a camera instead of typing this right now, someone would be paid to type this for me honestly lol..

What I can say is, Bitcoin contrary to the beliefs of a lot of people doesn't seem to be showing any indications of a major price retreat like we have seen in the past. The correction in March of 2020 was around 75% that is an estimate the actual number is most likely different.

When you start to think of Bitcoin as more than just a piece of computer code that you hope you will make another dollar off of, you have to realize that Bitcoin is playing an ever increasing role in financial systems world wide. Bitcoin has been epic from the start and people, society is just now starting to wake up and see the "Bitcoin Rise"

When you have Global Currencies that are operating on prehistoric infrastructures not backed by anything of value and you continue to print more and more worthless money, you than need a solution to that problem. That is why Satoshi Cough*Elon*Cough Nakamato Cough*Musk*Cough excuse me, it's allergy season.

Anyways, that is why Satoshi created Bitcoin. Bitcoin can not be produced by governments, they can do like every one else and mine it or buy it, it is completely decentralized. Nothing is untraceable contrary to popular beliefs, you could be tracked to an extent.

The main issue was more about being able to safe guard your money from government and the banks reach as well as being able to send money to anyone in the world instantly over the internet. This commercialized the internet in a way that has been fruitful to a lot of people in the world.

Governments and Banks are constantly deflating your currencies making them worthless by inflating the economy. Bitcoin is constantly growing on that standard alone.

Now I factor in the corporate interest. My favorite Trillionaire is Elon Musk, Between Elon, Tesla and Space X they hold roughly $5 Billion in Bitcoin at this current moment. Elon announced on twitter earlier today that you can now buy Tesla's using Bitcoin. I think this will make history in the world of Bitcoin we will be talking about the man who spent millions of dollars on a roadster because he paid in Bitcoin... Meanwhile Elon sitting back stacking sats...

Michael Saylor whom operates Micro Strategy owns 72,000 Bitcoin, he probably bought more on this dip, I wouldn't doubt it but I haven't seen any press release about it. Anyways, Saylor is a major influencer for Bitcoin to other major Corporations. The thought of Saylor and Musk buying over $9 Billion USD alone.

The event that Saylor hosted brought thousands of investor to the table, Bitcoin has CNBC talking about it more and more. The media attention as well as the attention of governments has shifted majorly towards adoption. Florida in the United States accepts Bitcoin.

The thoughts of a major bear market are just silly in my opinion. I could be wrong but I seriously doubt it. I know some of you whom love the altcoins are probably red in the face about this article, but I have to remind you that Bitcoin is the "Gateway Currency" kind of like "Marijuana' is the "Gateway Drug" it is true.

The more money that flows in to Bitcoin the more interest it sparks, those people become familiar with Bitcoin and exchanges and than start to experiment with other crypto's maybe after doing some research or maybe not, either way almost every one in crypto when asked the first crypto they heard of will say Bitcoin like wise when asked the first crypto they have ever bought.

We have a lot of major things that happening and like I have said plenty of times, we are the beginning of something life changing and we are blessed to be here first, as always, Thank you for reading, God Bless You and Stay Healthy!