Coinbase, the largest crypto exchange in the US, is reportedly gearing up for a Polkadot ETF. According to insiders, the initial approval stage is already scheduled for July 15. A Polkadot ETF would be a massive boost for the entire ecosystem. On June 28, the exchange kickstarted the ETF process by launching DOT Futures Contracts, followed by a DOT Futures ETF, and ultimately, a DOT Spot ETF.
Fiat is a scam built upon fractional reserve banking run by unelected officials that have all the control over your hard earned money. It is literally created out of thin air and gets compounded by our heavy taxes on everything we buy, do, consume, and even own. We pay takes to go to work using a vehicle that we get taxed to get to work in. The government gives away more than our worth to other countries and we get to pay the price with inflation which is another tax. Most crypto is the same or worse than fiat currency it's all run on a schill that most people will lose money on as they are susceptible to the developers pump and dumping on you. Only Bitcoin and a very few others have this problem figured out. The more we save our wealth over time it goes against inflation and he's been profitable . Cardano will be completely decentralized as well as Bitcoin. Bitcoin and Cardano will be truly decentralized taking away from the CEOs of currency. They are or will be running completely without a leadership team, rather a community team. No money should have a CEO.
I sold all my alt coins last week and put it all in Bitcoin. There will only ever be one Bitcoin. Bitcoin is the only one that is fully decentralized . There is no one master. Only 21m coins ever produced and a bunch are lost forever. I have lost a bunch myself by losing passphrases and such. The reason I love Bitcoin the most is my distrust in Government and the Banking system. By leaving my money in the bank it erodes over time with inflation. Bitcoin has been validated with ETFs now trading in multiple countries making it easier for people to save as a store of value for retirement. We are now seeing pension funds buying and managed retirement fund. Institutions are stock piling as their reserve. Only the smart institutions are now getting in. Bitcoin ETFS are the fastest growing ETFs ever created. It's only a matter of time before the world loses faith in USD and we see a bank run. Big institutions and Government will be running to Bitcoin scared of losing everything . I believe Bitcoin is in infinity mode being a long term holder . We are literally in the starting gate now. The only bad move I could ever think of for myself would be to not be holding. I use it myself as a reserve and place all my company profits in.
I'm seeing a lot of posts in regards to historic charts lately. In my opinion the historic charts are great, but things are different this time around with the validation of Bitcoin as an asset class through the ETFs Bitcoin has gone through a recent dump the biggest in the history with very little movement on the price. with ETFs it has made it very easy for people to store Bitcoin in their retirement plans and store. The ETFs have resulted in unseen amounts of volume since their inception. They have also accumulated so many Bitcoins that are not on the market to be sold. Michael Saylor is also stacking at a phenomenal rate with the plan of never selling. we will see a major supply issue soon as result and more anticipated demand from other countries hoping to see ETFs of their own. one notable country being Hong Kong. This will bring more demand to the asset class and take more off the market. The recent Bitcoin ETFs were the fastest growing ETFs in the history of the funds on US markets. People want Bitcoin now and they are not selling as it is now sitting for retirement . I see a supply shortage causing something that we may have never really seen before as there is not enough Bitcoin on the planet to go around with so many people holding over 1 Bitcoin. I believe holding 0.01 Bitcoin will eventually give enough wealth to our children and families that they never have to struggle like some of us are now. These are only my views and in no way financial advice.
#BTC #Bitcoin is where it should be. Have been noticing some posts on here that seem rather misleading as they are panicked due to a sell off on a Sunday morning. Crypto runs 24/7 and takes no days off so it needs no timeframe to buy and sell. When in doubt zoom out your timeframes on your charts. By zooming out you will see a much clearer picture and it could actually be a healthy dip . Most people lose money trading and trying to time the markets. Just because it's Sunday morning in the US does not mean the world stops, because it's football day in the US. Heck the rest of the world could care less about American Football .