I can't imagine that $BTC will ever reach the masses of society. The main reason for this is that even in the generations 1-2 younger than me, i.e. between 15-40, $BTC is not an issue. And even here in this financial bubble, people like @stefan_21 who really know a lot about the subject are very rare. So I don't know what will happen in 50-100 years' time, whether you'll be able to pay for flying practice and parking machines in the sky with $BTC 😂 , but for me it's just a speculative asset class.
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@Multibagger I also think that we will probably not see BTC become a fully established means of payment in the West. As you say, BTC / crypto plays virtually no role in the tik tok generation
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Personally, I am in this generation @Multibagger and I have to say that for me a 5-10% admixture of Bitcoin is part of a balanced portfolio.
I also see this in my environment, that everyone recommends this addition.
At the latest since the major American banks and now also savings banks have opened up this asset to customers, I can imagine that it is more difficult to trade this asset past the masses 😅
I also see this in my environment, that everyone recommends this addition.
At the latest since the major American banks and now also savings banks have opened up this asset to customers, I can imagine that it is more difficult to trade this asset past the masses 😅
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•@Mathias_Rr I agree about trading. But I don't see paying 0.0001 Bitcoin with the wallet as a means of payment at the bakery.
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@Multibagger Absolutely not, that's true.
For me personally, it is an asset that has been 100% missing from the financial world. That's why I see it as another building block in the portfolio.
I also don't see the lack of correlation with the gold price as negative.
In addition, currency losses such as in Iran show that Bitcoin can be a "saving asset" for people who do not have a gold/foreign currency backing.
For me personally, it is an asset that has been 100% missing from the financial world. That's why I see it as another building block in the portfolio.
I also don't see the lack of correlation with the gold price as negative.
In addition, currency losses such as in Iran show that Bitcoin can be a "saving asset" for people who do not have a gold/foreign currency backing.
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@Multibagger You don't pay with Bitcoin either, or do you pay for your purchases with gold?
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•@Investingyoung no, but you often read that Bitcoin takes away the banks' ability to print money and thus make it superfluous. For me, $BTC is an asset class, like gold, silver, copper, etc. Nothing more and nothing less! You can earn and lose money. So nothing special!
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•@Multibagger many people also vote for the left... there are a lot of idiots. By the way, I've never heard what you said about banks and I've been dealing with it for 3 years
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•@Multibagger Yes, Bitcoin is like gold (only better) 🤠🤭
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@Investingyoung anything is possible, but since I'm not invested, I honestly don't care. If $BTC goes to a million, I don't begrudge it to any of you who are invested. If it becomes worthless, it's just a gamble that didn't work out. That's life! But I see the risk of a worthless expiry higher with $BTC than with gold, and I don't see either of them at one million.
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•@Multibagger oh yes, BTC will have that in a few decades. Bitcoin wouldn't even have to be as big as gold now. Time + inflation alone will ensure that it reaches a million. Similar to how google and co will then have a mcap as high as gold currently.
It just won't be worth as much purchasing power as it is today
It just won't be worth as much purchasing power as it is today
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