Bitcoin will never go to zero. There’s plenty of use cases for bitcoin:
- heating your home
- heating your pool
- heating offices
- converting energy to digital numbers
(These examples are a little tongue in cheek but they’re true)
Think of anything that needs heating and if the hardware and running costs make sense economically, then mining bitcoin to produce that heat/energy makes sense. The use cases are endless.
What Bitcoin still needs to prove to the masses over the long term is to become a store of wealth, which can then be used to back a digital currency.
The dream is still alive, but it’s going to take many, many more years than most people believe or hope it will.
In the meantime, price is going to fluctuate a lot which produces very tradable ranges rather than doing the most common form of “investing”; that is buying the all time highs and hodling.
Follow the time cycles and make the most of it.
Want to win some free $SOL?
With the money I won from the Jake Paul fight, I was planning on giving away some money, but after thinking about it, I'm going to do a fun new contest for you guys.
Before I explain, you might want to:
➡️Follow me at: @jacobcanfield
➕Turn on notifications.
❤️Like & Retweet this post for bonus points.
Introducing: The Wallet Race
I'll start with one and if you guys like it, we'll do more and might even do it as a weekly event.
They will be different kinds of puzzles that all lead to a seed phrase that unlocks a wallet with varying amounts of money.
They'll range from easy to hard with various amounts of money in the wallet in the form of $SOL.
You'll have to transfer it to your own wallet quickly though because people will be on your heels.
This is just for fun and I hope you guys enjoy it. :)
In a tweet later this week, I'll do an announcement of a day I'll post the first puzzle.