Re: [2020-11-18]Mexicos 2nd Richest Man Reveals 10% of His Liquid Assets Are in BTC
⭐ Merited by Karartma1 (1)
One thing is for real: there are not enough full bitcoins for everyone here. These billionaires will go crazy when the market will run out of coins! And the laughable thing will be that they will not understand why they can't buy more! Don't sell all of your coins even when we get past the old ATH. As 600watt wrote on the Wall Observer they have unlimited fiat, we have limited coins 
be careful. this next bull is not retail driven with fiat in mind. it is driven by institutional investors. their motivation is not fiat. they drown in fiat, that is not the point. their point is to invest in something that protects against a fiat meltdown. they don't invest to make more fiat, they invest to fucking escape fiat. they invest to hedge against fiat. for them, there is no top to sell btc for even more fiat. they will hold their corn.
Great point re investing to escape fiat. It is like homeowners insurance which might cost you 0.25% to 0.50% per year. You can buy permanent insurance against authoritarians (socialist, fascist, communist, totalitarians etc) for whatever you want to spend. 1%, 5%, 10% and it is a one time cost. Plus until equilibrium is reached, maybe 7 or so USD figures, you get the appreciation factor. Plus you get the cross border capital controls protection, plus inflation protection.
It almost sounds like an infomercial. "Act now, and you won't just get insurance against authoritarians, but inflation protection too. As an added bonus we'll thrown in appreciation, and capital control protection."
Upper six, lower seven USD figures might get me to sell some, but not much. The fewer people willing to sell at the low price now, the quicker it will reach equilibrium.