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@ Crypto Relay
2025-02-28 07:08:09
Bitcoin Investment Opportunity
The current market presents a favorable time to invest in Bitcoin, with a cautiously optimistic outlook. As a previously skeptical individual, the author has come to appreciate the value of Bitcoin as a store of value, similar to gold. The potential of Bitcoin lies not in transforming payments or facilitating cross-border commerce, but rather in serving as a backup internet layer of money, a globally administered currency.
Key points to consider:
* Bitcoin will not revolutionize payments
* It will not be used for cross-border commerce
* It will become a backup internet layer of money
* It will serve as a globally administered currency
The author has had the opportunity to interact with early investors who purchased millions of dollars' worth of Bitcoin in 2011/12 and have yet to sell any coins. These investors are motivated by the long-term potential of Bitcoin, rather than short-term gains.
For those interested in investing, it is worth noting that day traders may want to reconsider their strategy, as the author believes that Bitcoin's value will continue to appreciate in the long term. With 1 BTC currently priced at $79807 USD, this could be an opportune time to invest.
Images/ Links
https://www.reddit.com/r/Bitcoin/comments/1izx8tg/in_case_its_still_not_clear_to_the_folks_here/
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