Crypto and specifically Bitcoin is almost a religion for some. Love it or hate to, Bitcoin has always been the number one cryptocurrency when it comes to market cap. There have been many other cryptos who have attempted to dethrone Bitcoin over the years, but none have found success – yet. We all know that the public media has propagandized the “death of Bitcoin” countless times over price action or public scandals involving Bitcoin. Regardless, Bitcoin has always proved everyone wrong and today is no exception as it sets a new all-time high price of $31,100 USD.
Here is the chart from live coin watch marking this historical moment:
I want to remind everyone that at this point that every single person who has ever bought Bitcoin is in profit. Everyone is cheering, clapping, and running around telling people that they are an investing God. Most people are also thinking “investing and making money is easy.” Here is probably the most valuable infographic for all Bitcoin holders moving forward.
The Bitcoin of 2017 is not the Bitcoin of 2021 – remember that. Currently, we have massive regulation coming down on the entire crypto space. People will scream that Bitcoin is beyond governments or regulatory bodies, but that’s a naive mindset. Tether is, without doubt, the largest threat to Bitcoin. Currently, Tether is on the cusp of being caught in what will be the largest scam in crypto history. Without the printing of Tether to prop Bitcoin who knows where Bitcoins price could go. Here is an interesting graph showing the printing of Tether vs Bitcoin price pumps. I do plan on doing a full detailed article on this subject, but for now, a picture is worth 1,000 words:
For those of you who own Bitcoin, congratulations on your profits! I love watching anyone but the governments make tons of money. That being said, I will quote the CEO of Uphold exchange and urge you to “tippy-toe into the fog.”
