I gotta admit I really enjoy watching the constant rise and fall of Bitcoin. No, I don’t have any and have no plans to ever dive in - because I’m not a gambler.
But still, It’s entertaining. And that reminds me. It’s about time for the tulips to start coming up. The daffodils are blooming in my area.
On April 19th or 20th comes the Bitcoin halving.
Three out of Four times it has happened whatever the price of Bitcoin is at the halving it doubles in 18 or 19 days.
Oh and for the record this is the first Bull Run where we hit all time highs before the halving. Probably because of BlackRock, Fidelity, State Street, etc... All 9 ETFs are buying up the maximum coins they can every day. Ditto Micro Strategy that borrowed 700 million to buy more Bitcoin, and even countries like El Salvador, Argentina and United Arab Emirates.
If you gambled the insignificant price of pennies per Bitcoin at the onset about 13 years ago, would that have been a good investment? You could easily afford to lose a few tens of bucks in exchange for the chance of a payout.
Every investment is a gamble. Even in cash.
How is the US dollar different?
And don’t give me that “full faith and credit of the criminal US feral government” nonsense.
You are gambling by holding dollars that will be worthless someday (and that day grows ever nearer). I roll my eyes every time I see someone talking about “cashing out” back to worthless fiat for a short-term profit.