The BTC evolution and developments have, honestly, ventured beyond my wildest dreams. When I was mining in 2016/2017 - before I shifted full-time to trading (and, then, ultimately to hodling/accumulation/and LT swing trading) - I couldn't even fathom or realistically accept what is now unfolding before our eyes. It's a testament to my limited thinking, on one hand, but also I am inherently conservative in the markets. I have family members who were burned in the Dot.com bubble because they were greedy. BUT, it's hard to turn a blind eye to what we're seeing and as I've grown in this crypto market as a whole my thinking has changed. And, well, in my charts when I pull out to the macro larger timeframes I can't deny what I'm seeing. I try to disprove it. I really do. BUT, before this cycle even kicked off and turned bullish - I'm talking late 2023 and beginning of 2024 charting - I could find ways to see certain price action giving me $350K this cycle. That never materialized but it got me going through various market scenarios. Ultimately, $1 Million was (and is) on the table as a logical first Mid-Term target. Say 10 years or so out. Which, well, got me thinking and extrapolating. I was already pontificating one could make a reasonable argument that beyond Microstrategy like purchases, the US Fed was shadow buying lots of BTC to leverage against the US Treasury. I'm not going to get into specifics but I can tell you I'm not the only one who thinks this or was charting this. I digress. So, I had been asking the question: What is a reasonable growth estimate - annually and in 5-10 year cycles - if Bitcoin actually became a global reserve? AND, well, here we are that is being openly discussed across the Sqwuak Box almost daily. Then, well, yesterday I saw this:
The long and the short? Other than a very small but keen sense of validation, I reminded myself: Just keep buying every dip. Doesn't matter the amount of money you or I have. Responsibly cost-average in and it will all come out in the wash. I just no longer think this is an outlandish proposition whatsoever. 4-5 years ago? I would have looked at you like you shot my dog.
Lastly, man, my mom is retiring this upcoming summer. I hand fed her the golden opportunity for the rest of her lifetime. I sent her weekly texts when BTC went sub-$20K. Just not in her risk profile or, honestly, her realm of comprehension. Is what it is. I still have the hardest time grappling with that failure to execute as her son.😅