Today I heard that JPMorgan is exploring loans backed by clients' cryptocurrency holdings. Looking back at what I wrote before, it turns out to be so accurate.
Actually, there's no need to worry about the liquidity of BTC, and there's no need to store it elsewhere; waiting for traditional banks is the safest. To be honest, I don't really trust the others; it feels like they're trying to scam me out of my BTC holdings.
As BTC prices reach new highs, I revisit what I wrote before, and the feelings are still very deep.
What I can be sure of is that the Bitcoin I bought will be considered as destroyed for the next 10-20 years because I will never sell it.
Many people question why I went all in on BTC when it was at $100,000, and now that the price is so high, why buy? The reason is simple: if you don’t buy now, it will be even more expensive in the future. Looking at a ten-year cycle, a tenfold increase over ten years will make 99.9% of other assets pale in comparison.
Ten years may seem long, but in the grand scheme of history, it’s just a point. Looking back ten years from now, the price fluctuations of BTC will appear as a straight line, with no volatility at all.
The only constant is the continuous accumulation of BTC at an ever-increasing speed and quantity.
Why do I dare to go all in and keep very little fiat currency on hand?
On one hand, I have sufficient cash flow, easily covering basic living needs, with no debts, and I am not afraid of any situation; I have many exit strategies.
On the other hand, I have no high material desires; houses and cars are basically like clouds, and I don’t need to purchase them.
Additionally, the liquidity issue of BTC against fiat will be easily resolved in the next decade. At this point, I make a bold prediction:
In the next ten years, all major banks in the world, including those in countries that currently seem impossible, will solve liquidity issues for BTC holders. You won’t even need to sell BTC; you will naturally receive a large amount of interest and credit limits. If you accept the bank's proposal, the interest generated from one BTC can cover your daily basic expenses, and it will be of very high quality. What reason is there to choose fiat over BTC?
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