Post
Topic
Board Speculation
Re: BITCOIN will rise
by
Lucius
on 19/03/2022, 15:46:03 UTC
The market now is really different, I am glad about it.

We are definitely in a different environment than 4-5 years ago, because large amounts of BTC ended up in the possession of institutional investors, and they mostly bet in the long run and have credit for some claiming that there is less liquidity on crypto exchanges. Yet this is far from any serious shortage that would arise if some big investor wanted to buy some larger amount of BTC and the market could not meet his demand. If we know that there is an OTC market as well, then we probably have several million BTCs on sale at any given time.

I believe most of people now are being introduced with Bitcoin because of inflation right now on fiats, and you will see that most of people are intended to hold it off exchanges and this is very good news.

It would be more accurate to say that many people have heard of Bitcoin, but are not too interested in such investments. One of the reasons is that negative stories about Bitcoin being harmful to the environment are constantly circulating in the media, not to mention how Bitcoin, without any concrete evidence, is often put on a par with crime and terrorism. The average person still trusts the mainstream media and politicians more than some random guy who writes or talks about Bitcoin online.

When it comes to inflation, people are faced with a lack of money for basic necessities, so the question is whether they have any money at all for any investment.