First of all I would like to emphasize that I am a Strong Bitcoin & Crypto believer (well for most of them) and that this post is just a warning that we might take a pause in the coming weeks to months.
Nevertheless, institutional buyers are pouring in and they will keep on making Bitcoin a more global and secure network as they might lobby in the future against any potential anti-Bitcoin
regulation.
I believe this kind of regulations would be the biggest threat apart from a hack of the Bitcoin Network.
1st anecdote: Are custom agents Bitcoin Bulls?
I am a French citizen and I came to the US a week ago with my wife to activate my greencard as we plan to move to the Bay area during the summer (if anyone is from there I will be happy to meet up !).
To leave France and go out of the Schengen zone (European Union) is forbidden except if you have an "overriding reason". These reasons can be work related, family related (funerals...)...
As we were going through customs, the French agent asked me why we were going to the US, I said it was to activate my Greencard as I have only a few months to do so.
He then asked me what I was doing for a living; I said that I was am Equities Portfolio manager.
Then out of the blue he asked me: " What do you think about Bitcoin?"
This is what I first pictured when they will raid my house to find my LEDGER with 0.0000001 BTC !
Like SERIOUSLY, I am working in finance, he could ask me about Tesla or Apple stocks; but not he went for the big orange pill !
Then I told him my view (basically it is our only way to fight the FED printing dollars) and he bragged about his colleague that made 100k investing in it. Finally, he let us pass :D.
2nd anecdote: In California you can buy Bitcoin almost "anywhere"
As we were going to a local mall as I needed to buy a pair of shoes, I stumbled into not one but two bitcoin ATMs !
I know I am in the heart of the Tech Culture in SF but still, without even looking for it, finding 2 Bitcoin ATM, I felt as if my grandma wanted to buy BTC, she could do it !
ATM Map (it might not count all types of ATMs)
We can clearly see that ATMs are mostly located in SF and LA areas but still, even very old school investors can buy it at these "physical" ATMs !
3rd Anecdote: Even hairdressers are on the Bitcoin Train !
My wife went to get a haircut at a local hair salon. After a few minutes, the hairdresser bragged about buying Bitcoin at $46k and how she will sell it later when it doubles.
I mean, imagine how many people she told the same story and she invested probably because some friends / hair salon clients told her about it.
Still, it means even non-financial or tech savy retail investors might be largely onboarded on the Bitcoin train.
I do not know what to think about it but this was definitely a moment when I think we are close to some kind of a short-term Top.
What do you think about all of these anecdotes?
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