Just when I think it is impossible for me to become even more bullish for bitcoin's future; something like this happens! Which is hard to achieve because I'm almost always overly bullish. For people who have been invested in BTC over the years, who always believed in what bitcoin stood for; what it could do for the world, how it could help people, and how it could save yourself from the corruption of the system. 2021 has already become the prime example for the real use case of bitcoin to show to others. The system is playing right into our hands.
This is the time we have been waiting for!
Most of you are likely aware of the whole Gamestop/WallStreetBets situation. And if you aren't I highly encourage you to research more about it. But long story short is that it has finally been revealed to the mainstream just how the financial and investing system are highly stacked against the "normal person." Just how corrupt the system is, and how "he who has the money, makes the rules." This situation actually began as an underdog story where a group of people bound together and beat out a hedge fund and drove them to the bring of bankruptcy. But that is where the real drama begins. Everyone was working together and buying Gamestop's stock and this caused the price to soar exponentially. Eventually Robinhood would turn off the ability to purchase more of the stock, only allowing the ability to sell; which of course caused the value of it to drop. There have been many conspiracy theories for why they may have decided to do this, but the reality is that this whole situation was a real wakeup call for many.
This has woken up the normal person that they don't "actually" own their stocks, they are helpless if their service provider or app decides to turn off the ability to buy stocks, sell or even withdraw their funds. This also then applies to banks as well. There could a be a day where you wake up and you are blocked from accessing your funds, or perhaps your account is frozen, or your bank has turned off withdrawals and transfers for an unannounced period of time. You don't actually own the money in your bank, until it's actually in your hands.
The people from the wallstreetbets Reddit group have become aware of this fact and then next went after buying the cryptocurrency, Dogecoin, which is actually a joke coin.
And then the price of Dogecoin went straight up! At one point being up more than 800% in the last 24 hours. It was trending all over the internet and people were all talking about pushing the price up to a full dollar. But remember this; Dogecoin is just a memecoin.
Just wait until this passionate group of people learn about just how valuable bitcoin is and the traits that it has to offer.
When that moment happens there will be a stampede rush to buy bitcoin and it will go up faster than you can blink. In fact bitcoin has gone up a bit just from the news of this whole fiasco, and with Dogecoin going up, but it hasn't been the main focal point yet.
This is the type of scenario that bitcoin was truly made for; corrupt governments, protection against monetary inflation, to give the small guy a chance against the big hedge fund groups, to give the people the strongest form of money we have ever seen. But the most important trait is that it cannot be controlled. You are able to buy or sell whenever you want. You can send or receive to anyone or anywhere at anytime. It is never closed; as it is available 24 hours a day, 365 days a year. And you can actually own it by taking it into your own custody. It is borderless, very easy to travel with, and it will become even more valuable as time goes on.
Then you take into account that institutions and even hedge funds have been buying in at a record pace and how could you not be bullish?
I truly believe that the price of bitcoin this year will be going to a place that most of us could never have anticipated just a few years ago, or even just last year. If you own a decent amount of it; it will be life changing for you! It is not too late to get into BTC.
So what do you think of this whole Robinhood and Dogecoin situation!? Does it make you even more bullish for bitcoin? And what do you think the price of bitcoin will be at the end of 2021?!
As always, thank you for reading!
Wow 😱