BITCOIN ADOPTION IS COMING!

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Disclaimer: I am not a financial adviser and this is not financial advice.

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36 COMMENTS

  1. MasterCard sponsors the lightning network through The Digital Currency Group to Lightning Labs who is a partner. But I wonder if Elizabeth Stark wasnt able to make the LN good enough and now Jack Dorsey is taking over the project in a slightly different path. I honestly feel like the only reason why the powers that be arent allowing the Price of Bitcoin to skyrocket yet is because of the slow network effect and high fees that come. They want to start converting their wealth into Digital Assets that will be hard to trace. BEFORE everything goes tits up.

    But at $9,000 the uber rich dont want 10's of thousands of Bitcoins. Too much KYC. They want Bitcoin to be at $12M each so they only need to buy a couple dozen and hide their assets amongst the masses. Then they can spend it at anytime using the Lightning Network or some other layer 2 solution with anonymity. As silly as it sounds, there is wayyyy too much money in the world for all the wealth to go to a single Blockchain.

  2. Funny how big daddy government doesn't give a flip when you get rekt in Substratum. But when you make a couple bucks in BTC couple years later he quickly asks for your financial support.

  3. Yeh, don't get to excited. Lots of miners have been stacking for a better price since the bottom. 10-12k range is def. a key level to watch for a massive short before we go into the halving.
    Just my 2 sathosi's

  4. The coins not moved in a year is a silly metric. Unless you exclude exchanges. Also many isers including whales keep coins on hardware wallet but hedge on exchanges like Bitmex.

  5. There are over 50 million people age 62 or older in the US and most of them are computer and digital illiterate. Crypto is not ready for mass adoption for at least several years. That doesn't mean price can't go up in anticipation but actual mass adoption is still not here. That $97 billion in btc that has not moved has simply made the float in btc smaller then it should be and that makes btc easier to manipulate with thin volume

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