Post
Topic
Board Nigeria (Naija)
Re: Another Win For Bitcoin
by
laijsica
on 18/11/2024, 05:51:03 UTC
To be honest, it's really surprising to see some of the big moves some companies are making just to have much bitcoin accumulated as part of their reserve. The reserve system has gone past the old ways where it was either gold or any other assets. 
 
On the other hand, it's kind of scary to me what will become of bitcoin (aside from the increase in value) when more institutions try to bag bitcoin as much as they can and the government joins the train too using bitcoin as a reserve. The kind of unstable price and how easily those entities can manipulate price and cause panic to the market is what I'm afraid of.
In fact I am not surprised at all as Bitcoin has been on a skyrocketing trend over the past few years and is very close to touching $100k and any government can trust it considering this situation. Bitcoin is said to be a volatile valuable asset and if the term volatile is gradually removed from its side over time, then governments can consider Bitcoin as a reserve instead of gold or dollars and thereby create a balance of assets.

Fear of investing can hold you back from becoming a successful investor and if you can keep yourself free from fear and keep accumulating bitcoins at regular intervals, you can become a successful investor as an individual. Bitcoin is in such a strong position today due to many small and some large institutional investments like yours.