Analysts and commentators make a living speaking authoritatively of things they BELIEVE, but can’t possibly KNOW. I have spent several careers, spanning three decades, doing so as honestly, and diligently as possible – and NEVER have I been more confident of something, than that Bitcoin will be worth far more “tomorrow” than today. I believed this in early 2016, when I started proselytizing and personally investing; and nearly four years later, believe so more than ever.
The global financial system is archaic; fiat currency, an increasingly obvious Ponzi scheme; and the movements toward empowerment, self-sufficiency, and independence exploding – with a global population so large, and social media so prevalent, it can no longer be controlled. This is why it’s comical that people take it seriously when a leader in China or America takes an ambiguous shot at Bitcoin – as if a government can stop it…particularly when many governments, via classic political game theory, support it.
Bitcoin is not perfect, by any means – but what it’s accomplished in ten years is miraculous. Thus, if you think the BTC genie is not out of its bottle, you are either ignorant or have an agenda. Bitcoin is here to stay – spearheading a “digital age,” in which quality cryptocurrencies slowly, but surely, usurp archaic legacy monetary and financial assets.
However, Bitcoin is so nascent, and revolutionary, 95% of the world still doesn’t understand it - whilst most of the powers that be consider it a threat. Thus, Bitcoin still is subject to violent, volatile movements, that all but the strongest of hands can handle. That said, given the scope of its potential importance, the miniscule size of Bitcoin’s market cap makes it as undervalued as any asset I have seen – which is why I have little doubt it will be worth much more tomorrow, than today.
This year, the crypto crosswinds have been particularly violent – as aside from Bitcoin’s typical growing pains, investors are relentlessly purging the altcoin sector - just as the dotcoms were purged until all but the handful of quality, value-added companies remained. This, as HUNDREDS of new, useless altcoins are born each month – nearly all of which, are dead on arrival.
I have written numerous articles, since the day CGC launched in September 2017, of my belief that 98% of altcoins are worthless. However, it’s probably far more than that, as very, VERY few add value – much less, via a sustainable formula over time. This is why Bitcoin is my largest position, by far – brought back to that level, after a brief respite at last year’s lows.
There are several coins that will be big winners as crypto inevitably gains traction - some of which, like Bitcoin Rhodium, I have spent much time on. However, the most “sure thing” I see in the space, aside from Bitcoin itself, is that MimbleWimble technology will advance; thrive; and potentially, become a dominant blockchain protocol…which is why it’s so exciting to work with MWC, just launched to join fellow “MimbleWimbleTrinity” members Grin and Beam.
I’m not going to rehash what I’ve written in more than 100 articles on the MWC website (also on CGC, Steemit, and Twitter) – of how MimbleWimble is the most revolutionary technology in cryptography history. However, suffice to say, MWC, Grin and Beam are NOT typical altcoins – as they are not “ideas,” but superior blockchain technology platforms…that ultimately, the Bitcoin community will be forced to address, given MimbleWimble’s powerful advantages in the areas of scaling, privacy, and fungibility.
Not that Bitcoin’s store of value values are assailable, as its network effect is too large – and decentralization, irreplaceable. However, MimbleWimble’s use case is so powerful, it could actually take a significant market share of the crypto ecosystem when fully built out – so much so, the Bitcoin community may one day feel compelled to incorporate it…even via a dreaded “hard fork.”
NOTHING in finance is guaranteed, and certainly not in cryptocurrency. However, the two things I am most confident in, is that Bitcoin is here to stay – and along with it, MimbleWimble technology!
The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims commenced December 2nd. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.
Join us on MimbleWimbleCoin Telegram, too!