Crypto – An Increase In Global Demand & Dominance

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3 Dec 2024

Can’t Hold Back The Tide
Just as you cannot stop the changing of the tide, an idea whose time has come cannot be stopped. According to Victor Hugo, it is more powerful than all the armies of the world. Crypto, specifically Bitcoin, has entered such a moment in time. As the Crypto industry adds trillions to its market capitalization, institutions, and governments scurry to ensure their piece of the pie. The race for Dominance is on, and institutions are in the lead.
If you have not realized by now that quality crypto projects outperform traditional investments over the medium to long term, there is little hope for you. Furthermore, fiat currencies have almost zero long-term value apart from daily expenses. In the US the average home now costs approximately $500K. Put $500K in a savings account and revisit it in 10 to 20 years. This should put things into perspective for you.
Digital assets/currencies are where value is found today and tomorrow. To still be tinkering around with outdated investment vehicles is not only foolish but dangerous. Even those who own copious amounts of real estate and other existing investments are making aggressive moves into Crypto. Larry Fink, the CEO of BlackRock is a perfect example. A man who oversees trillions of dollars in traditional investments spends much of his time promoting and endorsing Bitcoin.
The Fool & His Argument
I do not doubt that history will again repeat itself. As the euphoria increases, dumb money will be attracted to the market. Many will again buy the top, be left holding the bags of smart money, and then spew insults at the industry and asset class. A surfing location known for its “wave” does not continuously produce the perfect wave. This is dependent on the tide, season, and other elements. Similarly, the best asset class in the world is subject to seasonal volatility.
I have been explaining this for a decade, yet many are unable to grasp this simple reality. Those in this scenario are like those going to a prime surfing location out of season at low tide and dismissing it as useless and overrated. However, if they were to arrive at the appropriate time, their opinion would be different. Likewise, investors enter the market at the worst possible time and then proceed to slander the sector.
This is the foolish approach and the argument that accompanies it. This school of thought is laughed upon by the knowledgeable. After all, ignorance helps to propel smart money ahead of the crowd. The fact that personalities such as Peter Schiff continue to promote their negative narrative is unbelievable and incredibly embarrassing. Sometimes you can feel embarrassed on behalf of someone.
The argument becomes increasingly embarrassing with every delivery. It is unlikely that such individuals cease the slandering of an asset class that has outperformed every other asset class over the past decade. Crypto has more than proven itself, potential investors need to rather conduct personal research than rely on the opinions of others. Crypto is here to stay and 2025 is likely to usher in developments that will affirm this.

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Final Thoughts
Michael Saylor and MicroStrategy continue to amass Bitcoin at an alarming rate. MicroStrategy currently owns more than 2% of Bitcoin’s circulating supply. BlackRock and other ETF providers also hold a large percentage of the circulating supply. Unfortunately, many will be left behind as they continue to exalt their opinions above reality and data-driven statistics. It’s the same with every significant technological development. This time is no different.

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.