Post
Topic
Board Nigeria (Naija)
Re: Another Win For Bitcoin
by
Yucky
on 18/11/2024, 16:02:52 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. 
It's really interesting to witness the constant increase in Bitcoin that companies are holding and holding large amounts again. This is just the triangle effect - the more companies get into Bitcoin, buy Bitcoin, hold, individuals buy and hold, the more the demand in the market and the price keeps going. And this is how Bitcoin's price will keep rising.

 Just imagine how it has risen in the charts over the month, and a company is holding 26k worth of Bitcoin. That is a lot of money and a lot of investment. And indeed, when I saw it, I paused to think, 'This company is not scared. What if something goes wrong, which we are praying doesn't go wrong, and Bitcoin keeps increasing, and we make a good profit from it?' But the confidence, the risk a company is taking to hold this large amount of Bitcoin, it's another level of investment mindset.

And this is just the mindset I think anyone who wants to get into Bitcoin or any form of investment needs to have, because yes, there's nothing about investment that doesn't involve risk. And if you keep waiting, this is how opportunities like this will pass you by. So you just have to take the risk once the opportunity shows up and hope for the best. This is really big news for the Bitcoin industry.