TEN Reasons To Own Bitcoin In 2024
Bullish case for bitcoin
Let's call it what it is – Bitcoin is not what you think it is, it’s more…
The maverick, the rebel, and the wild child that nobody quite understands, but everyone secretly wishes they had invested in.
Now, I don't know about you, but when I see numbers like "up 32% in the past month" and "up over 100% this year," it is sure to light up even the grouchiest of humans.
But why is bitcoin soaring?
The perfect storm is brewing:
Mining Hash at All-Time Highs: Bitcoin mining is going stronger than ever, with hash rates hitting all-time highs. It's like the engines of a rocket firing on all cylinders. The more secure the network, the more confident the investors.
Bitcoin Spot ETF on the Horizon: After years of anticipation, a Bitcoin Spot ETF is finally on the brink of approval. This ETF is the golden ticket to institutional acceptance. In other words, the big players are about to join the game.
FASB Accounting Rules Favoring Bitcoin: Hold onto your balance sheets, folks! FASB (Financial Accounting Standards Board) is changing its rules, and they're leaning towards being Bitcoin-friendly. That's great news for companies holding Bitcoin in their portfolios.
Larry Fink’s Blessing: Blackrock's big cheese, Larry Fink, amidst chaos praised Bitcoin's recent price move as a "flight to quality." That's like having your sternest teacher nodding in approval - the rest of the class (institutions) is going to take notice.
Global Chaos: If there's ever been a perfect backdrop for Bitcoin's rise, it's the chaos unfolding across the world. Geopolitical tensions, economic uncertainty, and a general sense of unpredictability are all contributing to Bitcoin's allure as a safe haven asset, like Fink mentioned above.
Fed's Balancing Act: If you're into financial astrology, then the stars are aligning. Many experts are foreseeing that the Fed will have to expand their balance sheet in 2024. What's that got to do with Bitcoin, you ask? Well, a booming Fed balance sheet usually means Bitcoin is in for a bullish ride as interest rates go down.
HODLers' Love: Those who firmly grip their Bitcoin with “diamond hands,” are in control. A whopping 70% of the Bitcoin supply hasn't moved in a year. These folks are committed, and their commitment is driving Bitcoin's value higher as fiat falls on its face. Who is death-gripping their fiat?
The Bitcoin Halving: In less than six months, April 2024 approximately, Bitcoin is going to experience a halving. No, it's not about sharing your burger; it's about the mining rewards getting cut in half. Supply and demand, anyone?
Conserving The Environment: The fall of fake ESG initiatives as just propaganda for those at the top coupled with the rise in Bitcoin mining is quickly becoming the fastest way to securing electrical grids and truly cleaning up the environment. This super power of bitcoin has not even begun to seep in to the mainstream yet.
Dictators, Despots, and Tyrants: Justin Trudeau censored bank accounts and orange-pilled millions of people in 2022. Elizabeth Warren continues to come after Bitcoin. These attacks, from politicians who don’t respect your freedom, create more marketing material for the sound money as they ramp up their anger.
When money is easy to make, societies break
2024 is shaping up to be the perfect storm for Bitcoin, the time to accumulate cheap Sats are certainly dwindling as the days tick by.
But, as with all financial adventures, a word of caution is in order.
Bitcoin is still young and volatile as the money is adopted around the world.
The waters might be choppy, but the potential rewards?
They're enough to make even the boldest investors grin like a Cheshire cat.
The separation of money and state is upon us.
Closing the wealth gap.
Bringing property rights, liberty, and wealth to 8 billion.
Ridding ourselves of revolving door politics.
Ending endless wars brought on by the banker’s currency printing machine.
The alternative is to choose to stay in fiat currencies that debase your livelihoods at best and promote war and destruction at worst.
Don’t believe me.
Trust, but verify.
I am just reporting what I have witnessed and experienced over the past 15 years.
Stay strong,
I don't understand number 8. How is cutting the rewards for mining a good thing? Doesn't that mean miners will be less incentivized to mine the coin?