There is still many doubters out there, those who see Bitcoin as nothing more than another asset, ignoring the true essence of it.
I recently saw people mentioning that Bitcoin will not last the fud, that there is too much fud gping on that will hold it back such as:
- One of the biggest exchange turned out to be fraud and stole most customer money
- Most bitcoin βhedge fundsβ are toast ( and stole customers money )
- The banks providing offramps for bitcoin are bankrupt or closed.
- Binanceβs finances are shady and not to be trusted
- Tether never got properly audited and is most likely shady and will collapse.
What these people fail to realize is that all the above mentioned "issues" are related to centralised entities, and are only enhancing the decentralized nature of Bitcoin.
While all this FUD has been going on, Bitcoin has decoupled from the stockmarket and at the same time Bank stocks and centralised finance institutions are collapsing with a volatility that is supposedly only known to crypto. I will spare the bank charts but the proof is sufficiently out there.
All this being said, a pullback could come, but regardless it goes to show that Bitcoin is here to stay and the USA will try to do everything to stop it only to lose the lead and allow nations and territoriea like Switzerland, Hong Kong, S. Korea, Malta and Singapore among others to suck up this unique marlet and profit from it accordingly.
The future is bright but we are not out of the woods yet. At the same time the blockchain never lies, just follow the trend... lines
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