Its good to see that crypto is being adopted by the govt and the regulators among them. Govt changes but regulators continue to keep on banning and crashing the crypto with bans and the changes out there. And now slowly every govt is coming up with the approval for the ETF and the mutual funds which has the bitcoin component. This means crypto gets more centralized and which means the innovation in this space would reduce our rights to hold the altcoins. And also the CBDC would be forced on us.
As you can see each there is some news about the SPOT ETF BTC and also other altcoin ETF are coming out.
In January 2024 if you are reading this it is going to be making some real waves now. And that means there would be more nations and the banks coming out for the ETF. And that is going to be one of those assets on which people are going to keep their funds. And this in short would move the money in and out of the crypto. So that makes the bitcoin new crypto which would have long term value.
What should you as a blockchain gamer, consumers, traders should do in crypto market and investing?
Bitcoin is worth holding. Dont sell it unless it crosses 100k or if you are in need of money 65k is a good target to sell and make exit out of this depressing world of money. You can retire into some island and hold money in nearby country and then regularly take it out and live rest of your life. This is often not easy to live in everyday stress but have some number in head like say 500K USD or something once you meet the same, exit to some other investment choice. Build some company or shop or service on low cost out of that money and make exit.
It's tiring making money on internet. And unless you are under 35, this advice holds true once you pass 40 and onwards. Make exit gracefully before you burn out and also it makes you more depressive. Younger you are, longer you stay in market. If you reach mid age, it's time for exit and retiring to some stable market like debt instruments, rental income etc.
So what number do you have in mind and what you are planning on next year for the investment?
