"If I had bought #Bitcoin in the early 2010's at 10 cents, I would be a millionaire now".
Truth is: You would have sold long before BTC reached even its 2017 ATH of 20k USD.
Venezuela ๐ป๐ช has the 3rd highest level of #Bitcoinย adoption in the world, as people increasingly use it to mitigate economic instability.
These are some basic items in Venezuela next to how many bolivars, the local currency, it takes to buy them:
If your home lost 50% of it's value would you sell it?
Of course not.
So why would you even think about selling any of your long-term holdings on a drawdown?
Bitcoin bears have been wrong for over a decade and now that BTC is at $33k they think they are right ๐
Still sitting at prices 4x higher than one year ago
Proud long-term holder of #Bitcoin
Elon Musk said Tesla will no longer accept Bitcoin for car purchases due to concerns about the "rapidly increasing use of fossil fuels" to mine the cryptocurrency โ a move that comes 3 months after first embracing it.
How Many Bitcoin Wallets Hold More Than $1 Million.
"Since January 2021, over 100,000 wallets have met the qualification. Notably, the number swelled by 400% from just 25,000 millionaires five months ago."
Remember the market cycle we are in
Stage 1 = $BTC run
Stage 2 = $ETH run
Stage 3 = Major alts run
Stage 4 = Micro alts run
We are currently in stage 3!!