If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Posted on 02/10/2022 11:03:38 AM PST by aMorePerfectUnion
*** The banking giant said Bitcoin is nearing a “hyper-adoption phase” similar to the internet in the mid-to-late 1990 ***
It is not too late to invest in bitcoin, said multinational financial services giant Wells Fargo in a Monday report, drawing parallels between the adoption rates of the internet in the 1990s and that of cryptocurrencies today.
Wells Fargo’s global investment strategy team explained in the report that Bitcoin’s over 200% annualized gains since its first transaction in 2010 often lead some investors to think that it may be too late to join the party. However, the big bank disagrees.
“We understand the ‘too late to invest’ argument but do not subscribe to it,” the report said, explaining that similar to the internet in the mid-to-late-1990s, Bitcoin and cryptocurrencies “could soon exit the early adoption phase and enter an inflection point of hyper-adoption.”
Moreover, Wells Fargo believes that Bitcoin’s adoption rate will be even faster than that of the internet because “each new digital invention rides the coattails of the digital infrastructure already built,” as evidenced by the steeper rise in smartphone adoption.
(Excerpt) Read more at bitcoinmagazine.com ...
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Yet another giant financial company has endorsed bitcoin...
[more article at link]
And we all know how the dot-com bubble ended up for most of the players.
If you look at any standard S Curve adoption of a new technology, Crypto is being adopted faster than even the internet was. 70% of the people in crypto (including me) got in in 2021.
All that said, the opportunity for making massive gains in Bitcoin is probably gone. If you want an opportunity for really massive gains you need to look at various alt coins which have much higher upside growth potential.
From Wells Fargo.....guilty of the largest bank fraud in banking history !
according to Bitcoin magazine, there is nothing that Bitcoin can’t do...
ensure world peace..
stop climate change....
cure the common cold....
“From Wells Fargo.....guilty of the largest bank fraud in banking history !”
***
No sh*t. Signing up accounts from customers without their permission. I personally knew someone who didn’t even complain, he went straight to his lawyer and sued the bastards and got almost 10 times the amount in return after a year of litigation.
It’s never too late to buy anything that’s still being traded regardless no matter how bad the decision to buy it is.
General investment rule: if I know about it, it’s too late to get in.
They always talk their own book to the low level dupes and suckers.
Yep. I just recently got a check from them as part of a class action lawsuit.
So the bank that was convicted for ripping off its customers wants them to run out and buy their fake currency?! 🤪
They must have bought a bunch of it at $35k.
That’s not what they mean….
Heck, even my shoeshine boy has endorsed bitcoin...
No, you are incorrect.
I bought today a large helping of a blue chip mutual fund the piece of which is cheap.I was not the low but it is still cheap.
Buying it is buying America (it owns some Tesla )
Just as a point of view: The last time Bitcoin broke out of a bear market at these levels back in June/July…the price almost doubled.
Are the 100x gains gone? Probably.
But 2-3x from here…over a few years is probably doable.
And, keep in mind…you can buy bitcoin (or a part of a Bitcoin) for as little as $10.
let me guess.. wellsfargo has some to sell
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