The accumulation of 70% of Bitcoin remaining stationary for over a year is a significant milestone. Just think despite Bitcoin's rise from $15,700 to around $37,000 in the last 12 months, a vast majority hasn't budged. I vividly recall the November 2022 FTX crisis when Bitcoin's price plummeted, critics predicted its demise, and the media celebrated prematurely.
Those who celebrated during the crash are those who are anti-bitcoin, on the other hand, smart investors took advantage of that collapse to fatten their wallet. And as I have said previously, we are now 100% in profit in just 12 months. So other assets can give us that huge profit for just holding and buying at that lowest low.
Yet, none of this affected Bitcoin holders.They held firm and even increased their holdings over the next year. Despite complexities like geopolitics or Fed policy, the basics remain: supply and demand. With stagnant supply and increasing demand, the price is bound to rise. This aligns with Satoshi Nakamoto's insights, buying a scarce asset only drives its price higher.
Those who hold was here for the long run and obviously will not budge even for an inch during that time. And it's good that you mentioned geopolitics because it doesn't have any effect at all to us.
The lesson is clear
Conviction matters. Accumulating and holding onto a scarce asset, regardless of volatility, can yield rewards. Looking ahead, with factors like the halving, potential policy changes, and a potential Bitcoin ETF approval, the next 18-24 months promise excitement. The world is slowly realizing the power of a dedicated group accumulating a scarce asset. it's an intriguing time for Bitcoin. Cheers to what lies ahead.
Conviction matters. Accumulating and holding onto a scarce asset, regardless of volatility, can yield rewards. Looking ahead, with factors like the halving, potential policy changes, and a potential Bitcoin ETF approval, the next 18-24 months promise excitement. The world is slowly realizing the power of a dedicated group accumulating a scarce asset. it's an intriguing time for Bitcoin. Cheers to what lies ahead.
Yes, not just conviction, that is already a given fact, but we have that kind of mental patience, hard, gritty every week doing DCA and not be tempted to sell any at this point because we are just about to hit the bull run next year.