Posts about Bitcoin
Yesterday we had the meeting of most evil people at the house of even more evil people. Bank CEOs met at Capitol hill to testify for various instances. Crypto was not that big on the program but we still had some statemets about it. The most meaningful one was the JP Morgan CEO saying that cryptocurrencies are a "decentralized ponzi scheme", whateer that means...
So you can see that JP Morgan was speaking full-on against crypto. While their actual actions are something else... Already in 2021 they launched their own Bitcoin fund for private clients and just like other investment banks they were expanding crypto too.
Either they are trying to behave good in front of the government or they are lying to us. But it's clear that institutions can not be trusted as they will change their opinion according to the people they talk to.
Started in October 2017. I buy as much as possible from my salary every month. Mostly its 500€ per month. I'm calling this strategy the 'bitcoin retirement plan' which basically means I'm gonna keep on stacking for the foreseeable and at some point my stack should be big enough to comfortable quit the fiat hamster wheel. Five years in, how many more to go? I'm guessing the next bull cycle will make it for me and this journey can serve as a blueprint for others doing the same. Keep on stacking for x number of bear markets + x number of bull markets = this is what you can achieve. I document my progress in a blog with monthly posts. Enjoy reading!: