Bitcoin is about To SHOCK the World

DTVz...1pWr
29 Jan 2024
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Bitcoin is about to shock the world, and it will be sooner than you think. This market will test your conviction, unlike anything you have ever experienced before. The only question is if you will have the patience and willpower to survive the Bitcoin market until that happens.

Disappointments

Everyone would love prices to go straight to the move so that we can all retire, but that isn’t how financial markets work. It will be a rollercoaster ride up and down, and there is a certainty that you will be feeling extremely nauseous by the end.
The event that Bitcoiners have been hyping for years finally happened a few weeks ago. The spot Bitcoin ETF was finally approved and began trading. This ETF was supposed to be the catalyst that sent the price of BTC instantaneously up to $100k and above. 
However, the exact opposite happened. Due to the intense selling pressure coming from the Grayscale ETF, the price of Bitcoin dropped from $49k down below $40k before bouncing.
“When in doubt, zoom out.”
Whenever there is panic with Bitcoin, it’s always important to zoom out. The reality is that these spot ETFs have become the most successful ETFs in history. When Grayscale’s ETF opened, there was always going to be heavy selling pressure. That was compounded by FTX selling all of their shares of GBTC as well.
The point is that as the days go by, the selling pressure will begin to wane. All the while, there is still heavy buying pressure from the ETFs. Sooner than later, the price will begin to reflect that and soar.

The Bitcoin Halving

I will sound like a broken record with how often I refer to the upcoming Bitcoin halving. The reason I keep bringing it up is that very few of you realize how bullish the halving will be when combined with the recently approved ETFs.
The Bitcoin halving happens approximately every 4 years, cutting the issuance of new Bitcoin in half until the point when we reach the hard cap of 21 million Bitcoin. After that, there will never be any new Bitcoin created.
The entire cryptocurrency cycle revolves around the Bitcoin halving. It is the catalyst that ignites the bull market. It is also what pulls us out of the coldest winters of the bear market. 
Once you have been investing in crypto for multiple cycles. You will have learned that you need to have accumulated heavily and set your positions before the halving takes place. 

The Powerful Have Woken Up to Bitcoin

The most powerful people in the world have finally woken up to Bitcoin, and they will want to own it all.
One of my favorite quotes from the Rich Dad, Poor Dad book by Robert Kiyosaki that, “The rich want to keep you poor.”
Once you begin to understand this, you will learn how the world is rigged against regular people. Just to be able to make a great living and retire has become a monumental task for most.
Arguably one of the most powerful people in the world, Larry Fink, the CEO of BlackRock, has declared that Bitcoin is a “flight to quality.”
There is something he knows that most people aren’t privy to.
Larry Fink isn’t the only person who has had a complete change of mind about Bitcoin in recent years. Something is brewing.

DEBT, DEBT, DEBT,

The United States Dollar is currently the world reserve currency. This gives the US the ability to print money like no other country. Printing for things they don’t need, paying for wars they can’t afford, and the list goes on. 
As each day passes, they are falling further into debt. 
It might not be today, tomorrow, or even a few years from now. However, eventually, this debt will catch up to the USA. Once that moment happens, it will send shockwaves around the world.
If the dollar were to collapse, a currency most had considered the safest place to park their money. It would cause a stampede rush to find safety. People would try to buy gold and real estate, and the newcomer to this asset class would be Bitcoin.
Once other countries begin to turn toward Bitcoin instead of the dollar. That is when it will be game over, and Bitcoin will have won.

The World has Changed

Like it or not, the world has changed radically since 2020. Working from home, cryptocurrencies are gaining more respect, and the trajectory that the world is heading toward.
During this time countries such as Russia and China publicly began moving off the US Dollar. Something that would have been inconceivable just a few years ago. 
The world seems ready to move away from being so dependent on the US. With that said, there is no other country’s currency that is well enough respected or trusted to take over as the new world reserve currency.
Setting up the perfect scenario for Bitcoin.
Because Bitcoin is decentralized, trustless, and cannot be printed or manipulated. Sooner or later countries will wake up to this fact. All it takes is one large-scale country to adopt Bitcoin and then all of the dominoes will begin to fall.

Bitcoin Acceleration

Throughout the last year, there has been intense fighting within the Bitcoin community. This is all due to the Ordinals. The fighting is between groups who are in favor of Ordinals and experimentation on Bitcoin, and the BTC maximalists who are deeply against it.
No matter where you stand on this debate, there is no denying that Ordinals have brought back developers and excitement to the Bitcoin ecosystem. They have also worked wonders on the protocol.
What was once thought impossible, has become possible on Bitcoin. NFTs, tokens, and that is just the start. Soon we will be discussing DeFi, stablecoins, and other things all being built on Bitcoin. There was once a popular saying amongst Bitcoiners.
“All other blockchains are just a testnet for Bitcoin. Eventually, those developments will find their way to Bitcoin.”
The money being made on Ordinals and BRC-20 tokens has caught the eyes of VC investors, bringing an unprecedented amount of development cash to Bitcoin. All the while fees have been soaring. Arguably, the development of Bitcoin ignited by Ordinals has accelerated progress on Bitcoin by at least 5 to 10 years. All of this happened in less than one year. Imagine what will be possible given a little more time.
The key point is that while in the short-term the Spot ETFs have ignited the price like many had hoped. Bitcoin is playing a long-term game. Each category above would have been a bullish enough reason alone to own Bitcoin and see incredible gains. However, with all of them combined we are about to see something special.
The strongest supporters of Bitcoin have been declaring for years that Bitcoin will eventually cause the largest transfer of wealth that the world has ever seen. Each day that Bitcoin survives, there is a better chance of this taking place. Once that happens, the sky is the limit for the price of Bitcoin.

How about you? Do you think Bitcoin will take over?

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