RE: What Do We Owe the Crypto Community and to Each Other?
I've been watching how crypto as a whole, Bitcoin, in particular, has been performing against the US stock market. But I've also been paying close attention to the remarkably steady price of Bitcoin the past few months. Could it be that the manipulators and quick buck takers have moved on to greener pastures? And could it be that Bitcoin and other cryptocurrency will be seen as a "safe haven" especially in times of tradional stock market volatility?
Only time will tell, but I am feeling better and better each time I hear my friends moaning about the hits their portfolios are taking. I just smile quietly at the reaffirmation that riding the crypto wave is the right thing to do, especially as the world economies seem to be more than a little nervous at the moment.
Truthfully, I feel bad for some of my friends that have most of their retirement savings in the stock market because they have been slightly "green around the gills" lately with how much is going on over there. I have been telling them for years about crypto and have encouraged them to get involved but some got involved and others didn't. Some see the bigger picture and others don't.
The stability of Bitcoin since the beginning of the year is very encouraging! Hopefully, we will have some rock solid stability going forward and move into more mainstream adoption. Can you imagine the possibilities when that happens?
Thanks for such a great comment!
Jeff