A lot of people are asking me about the recent #Bitcoin price drop.
ANSWER: Bitcoin is behaving as it always behaves. Zoom out. I don't worry about it. All you really need to know is . . .
1) There will never be more than 21 MILLION Bitcoins for 8 Billion people. (19.9 Million have been mined, which means only 1.1 Million left to mine).
2) Bitcoin is the only truly decentralized money or crypto asset -- meaning Bitcoin is not controlled by anyone or any small group. It operates on its own autonomously in accordance with a fixed set of rules.
3) Because of Point 2, Bitcoin is unconfiscatable and uncensorable if you self-custody.
4) There are more possibilities for private key codes than there are atoms in the known universe.
5) Bitcoin is the only asset class that enables you to move your wealth with a few key strokes without permission of a third party. (You can't move real estate. And find out what happens if you try to carry your gold bar across a border or through an airport.)
6) These price corrections are healthy because they crush the rest of Crypto -- 99.9% of which are scams.
JUST IN : ๐ฐ #Binance will gradually convert its current $1 billion stablecoin reserves into #Bitcoin reserves and plans to complete this conversion within 30 days after the announcement. $BTC
#crypto