snip
P.S. Bitcoin reaching $1 million has been and will continue to be possible with or without US imaginary strategic reserve.
I believe this to be the case
But the cat is out of the bag now and we could be caught in the middle when, as the OP's post states
-the rest of the world wakes up and decides it needs to have Bitcoin in their reserve.
$100k is absolutely massive on Bitcoins upwards trajectory and now that this has been reached* all of
a sudden $1m is no problem.
I still don't get the whole idea of the US government making Bitcoin a "strategic reserve". I thought that Trump was joking, when he proposed this(or maybe he was desperately trying to get votes from the crypto community). What is so "strategic" about Bitcoin? Bitcoin isn't like oil and gas or precious metals. Bitcoin is a bunch of code and nothing else. Holding lots of BTC won't help the US government in case of a global war or a global natural disaster.
At this point the Bitcoin pump looks more and more like the "tulip mania" in the Netherlands. Everyone wants to profit from the bubble and nobody knows when the bubble is about to burst.
What is so "strategic" about Bitcoin? Bitcoin isn't like oil and gas or precious metals.
erm - have you not watched at least 1 video of Michael Saylor?
21,000,000
Decentralised
Deflationary
Secure global network
Digital money
Unconfiscatable
Isnt like oil and gas or precious metals - Oil and gas are commodities, Bitcoin is an asset
On Gold M.Saylor said "Bitcoin has all the the metal's great attributes, but none of its problems."
Bitcoin is a bunch of code and nothing else
100% correct
Finite supply
Decentralised
Deflationary
Secure global network
Holding lots of BTC won't help the US government in case of a global war or a global natural disaster.
best to keep holding Gold then cause that helps in times of global natural disaster and war
At this point the Bitcoin pump looks more and more like the "tulip mania" in the Netherlands. Everyone wants to profit from the bubble and nobody knows when the bubble is about to burst
Bitcoin has moved on from that way of thinking, there is no bubble because there are new investors
with a new way of thinking about a new asset class.
Tulips were commodities