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Why I Have No Sympathy for Bitcoin/Crypto Sceptics and Haters
People’s mounting regrets for sitting on the sidelines for years.
Trump’s election triumph and The Fed’s latest decision to cut interest rates by 25 basis points (0.25%) have recently provided much-anticipated momentum for Bitcoin and altcoins prices, sending the flagship crypto to new all-time highs.
As it approaches $100K, many will lament the years of missed opportunities to buy these digital assets.
My response? Tough luck, to put it politely.
Most people globally — I’m mostly thinking of developed countries, but to a lesser extent many wealthier individuals across the developing world — have had a solid seven years of regular media attention to this asset class, albeit negative stories for the most part.
For those who’ve been here since 2017, you’d be well aware of the rollercoaster ride we’ve had.
The 2018 to early 2020 bear market (including the brutal market crash in March 2020) and the 2021 bull run, followed by another drawn-out market-wide downturn until 12 months ago, illustrate the years of opportunities billions of people have had to get skin in the game.
With over 92% of circulating Bitcoin addresses holding at least one Bitcoin, access to the eighth-largest global asset is becoming increasingly out of reach for billions of people; these are the ones who would benefit the most from Bitcoin and altcoins…
