Cryptocurrency

You’re a Bitcoin Hodler? Here are 5 reasons why you appreciate, you happy now can

In these uncertain times, there seems to be little reason for joy. But since global Chaos and social distancing are on the agenda, you should now, more than ever, be grateful that you’re a Bitcoin Hodler. Why? Please:

1. Bitcoin bypasses the large devaluation

Perhaps one of the most curious things in the whole of the Coronavirus pandemic that no one seems to ask where all these magical government money.

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The FT reported on Wednesday:

“Andrew Bailey, the new Governor of the Bank of England, said on Wednesday that the British Central Bank was ready to pump through your new Commercial Paper facility unlimited amounts of money into the economy to combat the effects of the Coronavirus and that they would go at the request of the government even further.”

What will be left if the Central banks tackle the Problem with cash? A mass devaluation of the currencies of the world, followed by widespread Inflation and a reduction in the purchasing power. Bitcoin has a fixed supply. Bitcoin tends to have a gigantic upside potential.

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2. Bitcoin halving is coming

OK, so last month we were still a little bullish with respect to bitcoin halving – as the price was still over $ 10,000. Currently, the halving seems to be a bit of a double-edged sword. If prices do not improve, will be pushed to the smaller Bitcoin-Miner in the short term, likely to be out of the market, but you should keep your eye on the prize.
Thomas Lee of the Fund, entered believes that BTC will end the year at $ 40,000. Max Keiser sees $ 400,000 on the horizon. And remember, this estimate of the BTC-price, 12-18 months after the halving?
It is quite possible that he will reach on the basis of earlier reductions by about $ 70,000. During the temporary massacre note in the global markets.

3. No one can take your Bitcoins

Many people have learned the hard way that your Bank freezes your account or set. If you think you are to the retention rules and your Kryptos outside the stock market keep, you will have your Bitcoins.
No one can reduce you lose weight, or set a Limit for transactions impose, in contrast to the branches of the Bank of America, the fear of a Bank Run, and in the Moment of the cash withdrawal.

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As no Central banker can suddenly decide the value of your Bitcoins to undermine, by printing to taste more, also there is no Central authority in the BTC hardware.

4. If you have only 0.28 BTC, you’re already in the Top 1%

Remember that Bitcoin is not a Sprint, but a Marathon. Since Fiat currencies are on the verge of collapse, and more and more people’s eyes to the reality of opening that emerges after this crisis, it could be BTC as the ultimate healthy money of our time. Accessible worldwide, erlaubnislos and rar.
You have then only 0.28 Bitcoin, you can only have 1% of the world’s ever more than you. This means that you will be among the 1% of the richest Bitcoinern.

5. BTC has decoupled from just the stock market

There is no market (not even Gold) is not stayed in the last time of the brutal closeout spared – even Bitcoin. Whether this is the real deal or not remains to be seen, but you have to admit: the bad news are heard everywhere, should give a 20% BTC Pump in 24 hours, at least, the occasion for a Smile.

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.