Bitcoin: the digital gold and the challenges ahead

With a limited supply and consistent movement to cold wallets, Bitcoin requires strong faith to navigate market turmoil and background noise.

By the SpyStocks desk · 4y ago · 2 min read

Part 2 -

Bitcoin is digital gold; there are only 21 million of them for a population of 7.8 billion people.

Less than 0.25% of the world's population will hold a whole Bitcoin - that's the statistic.

Another statistic: a record number of Bitcoins are leaving traditional exchanges for cold wallets, making the supply on exchanges very scarce.

So if you are in crypto for the right reasons, don't let anyone confuse you on the way to your goal.

As in fairy tales, there is always a villain. In Little Red Riding Hood, it's the Big Bad Wolf, and in crypto? It's China.

Will the end be as good as in fairy tales?

It depends only on you, if you manage to hold onto your Bitcoin through the many turbulences on the long road.

Let me give you a spoiler: it won't be easy.

The game is to successfully navigate the long path, including all the obstacles it brings.

What remains for you to do, if you believe in the future of the crypto world, is to hold onto your coins and ignore the background noise that accompanies me, and you, on the way to the destination.

As in nature, only the strong survive. And the weak? They fall by the wayside.

In the picture: the number of times China has come out against crypto.

The choice is yours.

Many thanks to my dear friend Ofir Shapira, who helped us with the text and information.

- Nothing stated herein constitutes a recommendation to act! -

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