The question I would like to ask you today is: how many years have you been in the Crypto world? How did you discover Bitcoin? Personally, I discovered BTC as a payment method on the Dark Web in 2011. At the time, there was a misconception that BTC was anonymous. Certainly if you do not interact with an exchange and platforms with KYC, Bitcoin guarantees a certain degree of anonymity. However, users on TOR used BTC because they believed it was anonymous.
In those years BTC was not seen as a speculative asset but was only used as a payment method on the Dark Web. The first time BTC exceeded $1000 occurred in 2013, then a long Bear Market started. I also had something of Litecoin because in those years it was seen as the main competitor. Litecoin's network was more scalable. Shortly afterwards, however, I agreed that there is only one protocol for Bitcoin. If you want to compete with Bitcoin you have to bring different value. There is no "new Bitcoin". Bitcoin is unique. It has no rivals.
Anyone who has experienced the Crypto world in the last 13 years has seen it all:
2011: Online black market Silk Road, known for trading in illegal goods, exclusively accepts Bitcoin as a form of payment.
2013: Mt.Gox, one of the first and largest Bitcoin exchanges, suffers a major security breach and disappears along with thousands of customer Bitcoins. At the time, someone talked about an exit scam but it was never understood. This is one of the first major incidents in the world of cryptocurrencies.
2014: Ethereum (ETH), a platform for creating smart contracts and decentralized applications, is born.
Ethereum Founder Vitalik Buterin Releases Ethereum White Paper.
2016: Monero (XMR) starts to spread on the Dark Web due to its features (encrypted blockchain)
2017: Bitcoin price reaches its all-time high, surpassing $19,000 per BTC in December. The split of Bitcoin Cash (BCH) from the Bitcoin blockchain occurs, due to disagreements over scalability and protocol.
2018: Cryptocurrencies go through a period of price collapse, known as "crypto winter," with the price of many cryptocurrencies dropping dramatically. The OneCoin scam case is exposed, revealing one of the largest cryptocurrency scams in history.
2019: The founder of QuadrigaCX, a major cryptocurrency exchange in Canada, dies under mysterious circumstances, leading to the loss of access to user funds and raising suspicions of fraud.
2020: Cryptocurrency exchange BITMEX is accused of violating financial transaction laws in the United States.
The DeFi (Decentralized Finance) boom begins to gain popularity, leading to the creation of new DeFi platforms and tokens. On March 12, 2020, due to the lockdown and the spread of Covid19, the markets collapsed. BTC scores -55% in a few hours. The first airdrop in history occurs in DeFi: Uniswap.
2021: Bitcoin price reaches new all-time highs, surpassing $69,000 per BTC.
The rest is recent history that you should know about. An important event will certainly be the approval of the BTC Spot ETF in the USA. They are interested in your BTC:
- BlackRock ($10T)
- Fidelity ($4.5T)
- Franklin Templeton ($1.5T)
- Invesco Galaxy ($1.5T)
- WisdomTree ($87B)
- VanEck ($61B)
- GlobalX ($40B)
- ARK Invest ($14B)
- Bitwise ($1B)
- Valkyrie ($1B)
However, even if this news is very bullish, this could make the market more unpredictable because these large funds have billions to invest and still have to maintain a compliant balance sheet with possible take profits. In a few months we will know if there will be a new Bull Market.
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