New Time Highs
Bitcoin is in uncharted territory. 🟧
To surpass Amazon, the price of 1 BTC needs to be $118,693.47.
To surpass Apple, $158,442.21.
To surpass Microsoft, $188,040.20.
To surpass Nvidia, $199,597.99.
To surpass gold, $1,121,155.78.
Aside from a black swan event, Bitcoin will surpass gold by 2030.
What does this mean for those who do not have Bitcoin, may have been hacked, or lost Bitcoin holdings?
Any buy of Bitcoin under $1M is a steal. Be patient and stay consistent. The days of gaining in memecoins then rolling profits into Ethereum or Bitcoin are becoming far and few between. Windfalls may occur in this market cycle, but be careful with them. Accepting Bitcoin as a form of payment, looking at ways of rolling pensions or IRAs into Bitcoin through platforms like Fidelity, or even doing what people like Jeff Bezos has done regarding selling stocks to put into Bitcoin may be beneficial to some. For founders looking at ways to trade time for Bitcoin, you may have to get creative. I wish grants and investments in Bitcoin were more common place, but I sense that it would have to be based on relationships, great ideas, and product market fit. In a permissionless environment, you don’t need permission to build but depending on your situation, you may need money to build. Every founder’s situation is different, and not all money is good money. With that said, I will do a piece on Bitcoin Treasury companies next week, but people are creating legal instruments for entities they manage to hold Bitcoin. All else fails, build mini apps or tools that can be sold then roll that into Bitcoin. I don’t know your financial situation, so this is not financial advice. I tell people everyone should have a “number” regarding what they need to survive, live, and thrive. Anything above that, embrace radical generosity and give it away! Not only may tax benefits abound, but helping others out feels really good! Especially with Bitcoin!
Lastly, a black swan event is coming; not a matter of if, but when. Some people may need more time to put together dry powder to invest but they are grieved due to missing the upside of time in the market rather than timing the market. Historically speaking, Bitcoin always has shake outs during uptrends then one big drop before consolidation and then a new high; a time may come in the near future when Bitcoin is sub $100K. Who knows when that will be. One things for sure, it may be one of the last times to acquire “cheap” Bitcoin. While this is not financial advice, I’ll tell you what I’m going to do; take advantage and embrace the opportunity.
With that said, stay safe, touch grass, and keep Christ first. Peace.
— Christopher Perceptions, TwentyOneSociety.com
P.S. Some people will look at Bitcoin and say stuff like this:
