Boomer Gold Is Now Bitcoin
You can't always be right. I chose to play this crypto cycle with Ether instead of Bitcoin, betting that Ethereum would outperform Bitcoin due to its higher volatility. My thinking was that Bitcoin would soar past $100,000, while Ether would break $10,000.
In true British fashion, I won’t complain too much—I did manage to buy Ether at prices lower than today's depressed levels.
However, the final leg of the anticipated Bitcoin rally to $100,000 hasn’t materialized yet, though the dream persists. Now, there’s also the unsettling possibility that a geopolitical crisis could be the catalyst. A major global event could push Bitcoin past $100,000, driven by wealthy or desperate individuals looking to safeguard their assets in a time of cris
You can’t be right all the time. I decided to play this crypto cycle with ether not bitcoin on the premise that Eth is spicier than BTC
I suppose, like a true Brit, I mustn’t grumble because I did get my ether much cheaper than even these depressed levels.
The last leg of the hoped-for bitcoin boom to $100,000 has not happened, though the dream lives on – or perhaps now instead, the prospect of a geopolitical nightmare of a scenario is in view. A terrible geopolitical event that makes bitcoin dash to above $100,000 because a lot of rich/desperate people need to run for the hills with flight capital, seems possible because:
1. It is already building every day in the news.
2. Gold is on the run foreshadowing that possibility.
In my view, this is now the only realistic scenario for that final push upward, and it's not exactly far-fetched. While I hope it doesn't happen, gold and Bitcoin could serve as early warning signals. Prices often move well ahead of the news, as we’ve seen with the Federal Reserve—every statement is scrutinized by analysts, so it's no surprise that price shifts often anticipate announcements. For instance, you can bet that plenty of people would stock up on Bitcoin and gold if they saw their side of a conflict heading toward trouble. No one with the means is going to wait until the last minute.
Fortunately, this remains a “what if” rather than a certainty. Meanwhile, further down the crypto hierarchy, assets below Bitcoin and Ether are struggling. Here’s how Bitcoin compares to Ether in the latest chart:
Here’s a revised version of the text:
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As I see it, the situation with cryptocurrencies has become clearer. Bitcoin stands alone as the only truly decentralized option. It’s not controlled by anyone, whereas most others, like Ethereum, have shifted away from Satoshi’s original principles, moving toward a system dominated by technical and governance elites. History has shown that human interference, especially in financial matters, rarely benefits the majority. Many centralized cryptocurrencies have had unfortunate outcomes. I prefer a cryptocurrency that remains untouchable, free from manipulation—and now, it’s becoming increasingly difficult to find one where there isn’t a hidden figure pulling the strings, like the Wizard of Oz behind the curtain.
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