Keep Your Eye On The Prize
I am not sure how long most of you reading this article have been in Crypto? For me, my journey started in 2015 and has continued to surprise me as I soldier forward through bull and bear market alike. I started researching Bitcoin and Crypto in 2015 and decided to start accumulating small amounts of Crypto in early 2016. So yes, I was hodling positions during the 2017 bull run. Back then, it was coins like Bitcoin, Monero, Zcash, Santiment, Iota, Dash and XRP.
We have seen so much advancement and development in the space, especially during the recent bear market. Staking is now a dominant factor, side chains and second layer solutions are everywhere, DeFi is rocking the space and institutions are coming in hard and strong. It seems like the bear market of 2018 and 2019 has been nothing but a catalyst to encourage innovation and advancement.
Actually, if you do a bit of digging you may be surprised to find out that Wall Street has been in the Bitcoin space longer than you may think. Though not corporately, yet in a personal capacity, hedge fund managers and traditional finance guys have been dabbling in Bitcoin since the early days. This just serves to prove that people who understand money and markets saw the potential back then but for obvious reasons had to keep silent as they continued their allegiance to their jobs and careers.
The Shift Is Real
Things are however changing and with big names like Tudor Jones openly admitting to owning Bitcoin, the cat is out of the bag. We all know that institutional money will drive this industry further. Grayscale and other large firms are accumulating BTC and ETH at an alarming rate, as more mainstream Crypto investment vehicles come online.
PayPal is on the verge of a massive move into Crypto. Though not confirmed it has not been refuted, bearing in mind that sometimes, silence is also an answer! Banks are slowly but surely being seen as an unnecessary evil, especially as DeFi continues to grow in numbers and adoption. Many people were still looking to banks as they needed financing in the form of loans. This too is slowly being replaced by the DeFi space.
We are currently a couple of months into the post halving zone, which is historically when things tend to get fired up. We also have the FED printing money at an unprecedented rate. People are limited in their ability to work due to the pandemic and so are seeking alternative spaces to work in such as Crypto and the digital world.
Crypto is in the midst of a perfect storm and alts are already starting to breakout. It will be upon us very suddenly, so keep at it because the rewards of your labour and effort are on the horizon! Just look at ChainLink over the past week! Some hodlers were probably getting pretty bored of seeing LINK hover between $3 and $4, only to see it surge to $9 in a matter of days. Stay focused!
