You're a smart guy, no doubt a numbers man.
You're very generous sir, thank you. I'm an accountant (CPA by trade), so in that respect, yes, I am a numbers man.
Smart guy? I'm just like everyone else. Ask me about the tax code and I'll seem like a genius. Debate me in economics and we'll have a lot of fun. Ask me about technical analysis for any stock and we'll have a blast. Ask me about a crap load of other subjects and I'll be a fish out of water.
21 million coins
18million mined
4 million lost forever
14 in circulation
2.8million on exchanges
Elon musk/Tesla holdings 35k btc
Safe to say he can shake the market, no way shape or form is he breaking it. Enjoy the ride, you'll learn alot from it going into the next halving 2024-2025.
Frankly, I've entered the crypto ecosystem at a point in time where first-generation cryptocurrencies like Bitcoin that function via proof-of-work are becoming more and more obsolete by way of the direction in which the world is heading with regards to energy consumption.
Now you are having second and third-generation cryptocurrencies slowly saturating the space and like anything else, the old guard mainly being Bitcoin (The Godfather of cryptocurrencies - essentially the world Reserve currency of cryptocurrencies) is starting to show signs of wear and tear. Now you have proof of stake and proof of authority creeping into the system showing that first generation cryptos, like BTC, might essentially not fit into the world of tomorrow. We live in a society where this new liberal agenda is pushing towards a green new deal with a plan to reduce carbon emissions and to push for the welcoming of electric vehicles and manufacturing that is less polluting of our world. Even China, the world's leading powerhouse in trade, has a 5-year plan that seeks to also reduce pollutants and carbon emissions, while also digitalizing their Yuan.
What I've done is simply diversify my crypto portfolio as to not assume that what has worked yesterday will continue to work tomorrow. Bitcoin has made many of you wealthy. For that, I am happy. But like all wells, sooner or later the water runs dry. I seek to instead learn from the ongoing evolution of this space.
Like I've said before in this thread, I'm not placing all my hopes and dreams on Bitcoin. I'm instead looking at projects that can change the face of economies throughout continents. Bitcoin might have a role in all of this, but garner enough big and nefarious enemies like say Elon Musk, The US Federal Reserve, The US government, China, India and the Bank of England..... AND sooner or later the crypto ecosystem will find it hard to stay above water. Not saying it will happen that way for sure, but it could always go down that route.
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