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Positive energy in the currency circle

Positive energy in the currency circle

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How far are you from financial freedom if you hoard Bitcoin?
1. Even if you know that hoarding Bitcoin can achieve financial freedom, you may still be unable to hoard it because you don’t want to wait and you want to take shortcuts. 2. As mentioned in the previous article, Jiu Shen predicts that Bitcoin will reach 160 million yuan after 2038. It was 2018 when Jiu Shen wrote "Hoarding Bitcoin". Whether it is a linear or exponential decline in valuation, I think Jiu Shen's main consideration was Bitcoin's four-year halving cycle and the acceptance of the store-of-value function by more people. . 3. I think the four-year halving cycle is more about considering the commodity attributes of Bitcoin, that is, if the total amount remains unchanged, the price will increase after the output is halved. However, with the later stages of the Bitcoin halving cycle, the number that can be mined is getting smaller and smaller each time. When the number of Bitcoins that have been mined is getting larger and larger, the reduced number is not enough to bring about the same results as in the early stages of Bitcoin mining. The deflationary effect of comparison. 4. The public’s understanding of Bitcoin is indeed becoming more and more clear in terms of stored value, and this is even more obvious among the millennial generation. Compared with old money like gold, it is easier for them to recognize and accept Bitcoin. We know that unlike before, even in bear markets there is no longer talk of the death of Bitcoin. 5. Compared with the specific figures of Jiu Shen's linear growth theory, we can actually think more about things on another level. Because I think Bitcoin’s price growth will not regularly continue its previous price trend, there is no need to predict specific numbers. 6. Of course, I mentioned before that Bitcoin should be benchmarked against the total amount of global currency m2. I believe this ambitious goal will be achieved, but I am not sure of the time course. It may be ten or twenty years. As a real Hodler, this is not that important, right? 7. From another perspective, from the perspective of the public involved, I think it can be divided into the following stages: 2012-2013 was participated and promoted by technical experts and liberals. 2016-2017 was driven by China-led large-scale mining and the participation of Eastern speculators. 2020-2021 will be driven by the intervention of funds from medium and large institutions and high-net-worth individuals. 2024-2025 is driven by really large institutions and supported by new small sovereign states. In 2028-2029, some sovereign countries will intervene to compete for defensive asset positioning.2032-2033 Most sovereign countries will participate, and circulation will become simple (the free trade that Jiu Shen is waiting for may be realized at this time). In 2036-2037, billions of people will join it, or it may have become a global currency, 1 Bitcoin = 1 Bitcoin 8. By about 2037, how much will the price of one Bitcoin become due to the addition of billions of people? Just imagine. You may say that 20 years is too long. Is there any shortcut? I tell you this is a shortcut. You say it is expensive now and will be even more expensive in four years. People who find it expensive will never be able to afford it. 9. In fact, most people have very slim chances of achieving financial freedom or crossing classes in this life. If you now know and understand Bitcoin, and then start hoarding coins, it can be said that you are already on the right path. Apart from this, I can't think of any other low-risk, high-certainty ways to cross strata. If you have one, please tell me! 10. Finally, for people in the industry who want to take shortcuts to earn more Bitcoins, I think Jiu Shen’s advice is very good. If you want to play copycats, it is better to issue coins. If you want to play contracts, it is better to open an exchange. Instead of mining, it is better to sell mining machines and open mining farms. If you can't become a sickle, then don't bother, just hoard coins steadily, this is the shortcut.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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