$BTC 🚨🚨 Since bear markets and corrections bring out this "argument" every time let's address a few other aspects of Bitcoin 🧐
_ Bitcoin has "no intrinsic value" ⬇️
The value of Bitcoin is the network. It is a network of over 100 million people, and 1 million "whole coiners". The network is growing at roughly 16% per year or a power law of 2.8, consistent with Metcalfe's law of network value.
Why is it growing? Bitcoin is hard money that can be transported over the internet and stored securely with almost no effort. This is a killer product market fit that finds new long term buyers every day. The rest is growth like a virus
_ There are infinitely many other, better "versions of Bitcoin" 🧐
This is the problem that kept me from allocating in size from 2013 to 2019. It does seem on the surface that many other cryptocurrencies could exist to create "better, faster, cheaper" versions of Bitcoin.
But all these have a central issuer or foundation, or are just knockoffs of Bitcoin like Bitcoin Cash. None of them have network adoption. None of them are really "hard money"
Conclusion 🙄
Once you really do your homework, you will realize that Bitcoin is truly unique and will probably grow several orders of magnitude more than where we are currently
This is not to say that other cryptos wont find a role, but they are fighting for scraps 📢
The real fight is for global digital hard money, and it's already over , Bitcoin has won 🔥
#StrategyBTCPurchase #BTCMiningDifficultyIncrease #MarketCorrection