AlanSantana

πŸ…±οΈ Are Decaying Banks A Bearish Bitcoin Signal?

Long
KUCOIN:BTCUSDT   Bitcoin / Tether
One of the main arguments we hear against Bitcoin is the fact that the conventional markets are to set crash really strong and this should take Bitcoin down with them.

The argument goes like this.

Install parrot like voice first.

But, Bitcoin is a "risk-asset", if Johny the banker goes broke then all risk-assets must crash.

The key word of course is the "must".

People are making arguments and predictions all of the time based on assumptions.

If this happens this something else "must" happen... All based on assumptions.

Nothing "must" happen, what will happen is whatever happens.

To destroy their argument completely, let's just go back to the basics.

Bitcoin is not a "risk-asset".

Bitcoin is only a "risk-asset" to a certain cohort, a certain group of people, in a certain town/city in a certain country.

βœ”οΈ Bitcoin is a new form of money.
βœ”οΈ Bitcoin is a technology, as well as digital cash.
βœ”οΈ Bitcoin is sound, hard money.
βœ”οΈ Bitcoin is the future of money.
βœ”οΈ Bitcoin was invented to protect consumers against decaying banks.

The banks have been trying to kill Bitcoin for a long time now... Banks somehow look at Bitcoin as competition and they do not like competition.

Banks crashing is a bullish signal for Bitcoin, not a bearish one.

But, but... Bitcoin is a "risk-asset".

Only if you are wealthy and buying Bitcoin to diversify your portfolio in order to make cash. For the rest of the world, Bitcoin is money, Bitcoin is freedom, Bitcoin is a technology that gives them back their power and protects them against abusive and highly fractionalized addicted to gambling banks.

Don't you agree?

Namaste.

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