Written by Andrew Lee Hi friends, I’ve included below some comments on some of the latest crypto trends I’ve identified and hopefully the insights are helpful to readers. Halving There is a lot of speculation around how the halving event will affect prices and whether history will repeat itself. In my opinion, trying to use any event to predict the price in a short-term direction is not a sound strategy. Rather than trying to decide whether the price will go up because the “having event is/isn’t priced in,” or whether “Bakkt is priced in,” or whichever relevant event is “priced in,” is, in my opinion, is not a reliable strategy to predict the direction of the price. Bitcoin’s price and success depends on whether the world embraces it as a safe-haven asset, joining other safe-haven perceived assets such as gold. Bitcoin’s utility is unique in that it is anonymous and can be transacted with digitally in a relatively cheap and fast manner compared to wire transfers. I believe the appreciation of Bitcoin’s value depends on how society accepts Bitcoin as a safe-haven asset investment that can be added to a diversified portfolio strategy. Vitalik expanded on this concept
Some Crypto Optimism
Some Crypto Optimism
Some Crypto Optimism
Written by Andrew Lee Hi friends, I’ve included below some comments on some of the latest crypto trends I’ve identified and hopefully the insights are helpful to readers. Halving There is a lot of speculation around how the halving event will affect prices and whether history will repeat itself. In my opinion, trying to use any event to predict the price in a short-term direction is not a sound strategy. Rather than trying to decide whether the price will go up because the “having event is/isn’t priced in,” or whether “Bakkt is priced in,” or whichever relevant event is “priced in,” is, in my opinion, is not a reliable strategy to predict the direction of the price. Bitcoin’s price and success depends on whether the world embraces it as a safe-haven asset, joining other safe-haven perceived assets such as gold. Bitcoin’s utility is unique in that it is anonymous and can be transacted with digitally in a relatively cheap and fast manner compared to wire transfers. I believe the appreciation of Bitcoin’s value depends on how society accepts Bitcoin as a safe-haven asset investment that can be added to a diversified portfolio strategy. Vitalik expanded on this concept