In my first "Bitcoin: DO NOT SELL THE DIP" article, I explained that 2020 was the year that Big Finance and Big Tech finally discovered the monetary value proposition of Bitcoin, Ethereum, and other crypto currencies or protocols.
The 2017 Bitcoin retail cycle that ended in a painful bust is in no way comparable to the current Bitcoin cycle. Despite several bearish years, the underlying blockchain technology and new innovative protocols in crypto niche sectors such as DeFi and NFT have matured and the conditions for bigger pockets to enter the ecosystem have been created.
The evolution of Capital Markets (2017-2021) is positive for crypto currencies.
For Bitcoin and other crypto assets to grow beyond the retail investor class, several entities had to be developed, such as:
- Custodians;
- Prime brokers;
- Clearing entities;
- Settlement entities;
- Transfer agents,
...most of which have started to enter or are entering the industry, often with totally new platforms especially designed for the rapidly evolving fintech sector. These dapps, often running on the Ethereum Virtual machine technology, will change the way we bank.
Furthermore, we can say that the crypto exchanges have improved significantly, have insurance, comply with regulations and are here to stay. What is still to come?
- I predict that the first Bitcoin ETF will be introduced in the US in 2021 (VanEck);
- CME futures contracts will come to Ethereum, after the successful rollout of BTC futures keeps setting records;
- Bitcoin's Lightning Network (scaling solution) will become the most used payments layer on Bitcoin, making BTC transactions cheaper and faster;
- A first central bank will invest in Bitcoin, recognizing the immense potential to be early, and thrive after doing such a bold move for a central bank.
A deeper look at Michael Saylor and his World 2021 Agenda.
Who is Michael Saylor?
Michael Saylor is the CEO of MicroStrategy Inc (NADQ:MSTR) and prominent thinker and speaker about Bitcoin. He also holds Bitcoin in his company's treasury, setting a new standard.
The incoming rounds of Covid-stimulus have driven people like Michael Saylor into thinking what that means for people's and companies' cash positions. Concluding that cash is under attack and looses 15% annually, Bitcoin was the logic alternative. [Bitcoin] is a technically superior asset. I bought it because I was selling inferior assets. I’m selling the dollar to buy Bitcoin.”
The upcoming event starts with a pre-event on Tuesday, February 2: the MicroStrategy OEM Summit.
On Wednesday, February 3, there are seminars about:
- Keynotes and Networking;
- Hyperintelligence;
- Cloud Intelligence;
- Business Intelligence;
- Embedded Analytics;
- Enterprise Data Management;
- Enterprise Administration;
- >>>Bitcoin Corporate Strategy & Operational Considerations.<<<
Yep, it's the last seminar that we're going to write about. There will be several discussions:
- Bitcoin Macro Strategy: Bitcoin as a Reserve Asset;
- Bitcoin Corporate Strategy: which companies can integrate Bitcoin and how;
- Bitcoin Finance Considerations: Considerations when integrating Bitcoin in Treasury;
- Bitcoin legal Considerations: legal and regulatory considerations for Bitcoin integration;
- Bitcoin Auditing Considerations: Accounting, Tax & Audit considerations;
Bitcoin hardcore fans know how Michael Saylor, who is comfortable with fintech, became one of the most outspoken Bitcoin evangelists. He did all the pioneering research to be able to invest in Bitcoin in a legal manner and he will now share this knowledge to offer individuals and companies the ability to do this in a streamlined and legal manner.
However, I must remind you that the renewed appetite for Bitcoin will inspire some shady figures to pick the incoming dips, therefor the upcoming FUD campaigns (double spending hoax,...) aren't occurring now for no reason. So expect some price volatility the coming months. Whatever you do, don't panic sell your Bitcoin, is a now often claimed remark.
On Wednesday, February 4, there are several presentations by well-known crypto entrepreneurs:
- Binance Presentation: Vince Kwok: VP of Global Institutional Business, Binance;
- Coinbase presentation: Brett Tejpaul: Head of Institutional Sales, Trading, Custody, and Prime Services, Coinbase;
- Fidelity Presentation: Tom Jessop: President, Fidelity Digital Assets;
- Galaxy Digital Presentation: Mike Novogratz: CEO, Galay Digital;
- Gemini Presentation: Dave Abner: Global Head of Business Development, Gemini;
- Genesis Presentation: Michael Moro: CEO, Genesis Trading / Genesis Capital;
- Grayscale Presentation: Michal Sonnenshein: CEO, Grayscale Investments;
- Kraken Presentation: Jesse Powell: CEO and Co-founder, Kraken;
- NYDIG Presentation: Robby Gutmann: Co-founder & CEO, NYDIG and Co-founder, Stone Ridge;
- Paxos Presentation: Charles Cascarilla: CEO & Co-Founder, Paxos.
Conclusion:
I strongly Believe that Bitcoin will go significantly higher in 2021, and the window for the middle class to buy some Bitcoin before it is scooped up by the rich is closing and closing rapidly. It is clear to me that the strategies for rich individuals and companies with regards to how they can buy Bitcoin has been perfected and will now be adopted by many, making a demand-explosion that drives up the price. Despite the upwards potential, FUD will re-enter the arena and newcomers as well as weak hands will sell their treasury asset, often not even knowing it is one.
"Not you key, not your Bitcoin!"
This is not financial advice!
