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406 sats \ 0 replies \ @ssaurel 28 Nov 2023 \ on: What If We Don't Sell Our Bitcoin? bitcoin
As always, you have two types of people in the market.
Those who understood the why of Bitcoin. They will not sell their Bitcoin to BlackRock or Fidelity, because they have understood that their interest lies elsewhere with Bitcoin. Bitcoin is our chance to take back power over money. A unique opportunity presents itself to us with Bitcoin in the future: that of building a circular economy based on the Bitcoin system. An alternative economy that will allow us to protect ourselves from governments and bankers.
Those who only see Bitcoin as another financial investment offering good returns in perspective. These people are likely to end up selling their BTC to BlackRock once the price exceeds $100K in order to make profits. Their greed will prevent them from seeing beyond the money to understand that there is no point in selling Bitcoin for weak money.
Unfortunately, I fear that the second category is largely in the majority. But I do not despair that as we propagate the deep values of the Bitcoin revolution, more and more people will open their eyes to join the first category.
This will clearly be the challenge for years to come for the mass adoption of Bitcoin which respects the interests of the people.