I’m expecting a 4-5K bottom
demand has been waning in 2018... no one knows where the descent stops
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I’m not worried about where it stops. I don’t know either. The greatest risk is timing. It’s basically a self directed 401K. Millions of ppl in the US have a 401k and never look at a chart or know what they are buying. Maybe one day bitcoin will be 401k eligible too.
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It already is. Tons of Brian Armstrongs etc have it in their 401k.
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Maybe so. But for the rest of the US we have to have a custodian to keep the plan administrator from stealing the coins. Thats $5.3T in plans today and growing. Just 1% is $250B in new money.
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Maybe - but I know you can have a self directed precious metal IRA where you are the keeper of the metal. I assure you - you can do the same thing with BTC. In any event - if you have 10 years? the taxes won't mean as much to your retirement on $1 million+ BTC price.
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401K plans are a little different than self directed plans. The administrator and the custodian are different. Funds have to be separated. It’s a good thing to allow the workforce to have it included in their plans. Even if they don’t own it or have the keys. The wealth of /1
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The millenials and gen Z is better served by having bitcoin included. Both generations are far bigger than gen x and the boomers. And as demographics combine with money flows not only will the stock market go up but anything they are investing in. bitcoin will be part of it /2
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Now combine this with the rest of the world and all pension plans. Then add in HNWI and you are on a collision course to the first digitally global reserve currency. And those owning just a fraction of bitcoin may have generational wealth. The bond bull market stated in the /3
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80’s. The stock market bull market started shortly after in the late 80’s. These bull markets r still intact today. bitcoin bull market is the icing on the cake. Give it time & let Wahl Street do what they do. And they will because it’s bitcoin TINA. There is no alternative /4
End of conversation
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