Whoever's Able To Climb The Wally of Worry Will Get to The Garden of Heaven(Sort Of...)

If there's one lesson I've gleaned from my six-plus years in the crypto world, it's that during the early stages of a bull market, assets typically scale what analysts and TA experts affectionately term the "wall of worry." There's no overnight boom, and instances of investors turning $1,000 into $1 million in a short span are exceedingly rare.

Achieving a 30X, 50X, or higher return on your investment demands time and a slew of corrections. Making it in crypto requires nerves of steel, and it's imperative to steer clear of mainstream news narratives surrounding crypto. Just a short while ago, Larry Fink, CEO of BlackRock, was lambasting crypto; now, he's heralding it as a flight to safety.

BlackRock's ETFs have amassed over 100,000 BTC from the open market thus far. It baffles me how some individuals in the crypto space harbor doubts and fears about whether we're in a bull market, given that a $10 trillion assets under management firm like BlackRock has already dipped its toes into crypto.

Few may realize it, but BlackRock owns an AI named Aladdin, which has been fed data for years and plays a pivotal role in the company's investment decisions. It was reported several months ago that even the venerable Federal Reserve of America sought guidance from BlackRock via Aladdin on how to address inflation.

The fact that BlackRock holds over 100,000 BTC in its reserves shouldn't be viewed as bullish for those who champion crypto's fundamental principles. Such a substantial Bitcoin holding by a company suggests that prices will likely continue rising for a considerable period, further centralizing coin distribution.

It's easy to tout anarchism and financial freedom through blockchain technology, but how many of us genuinely own and utilize Bitcoin? There's an app on Hive called @v4vapp, enabling Hive users to spend their HIVE or HBD at merchants accepting Bitcoin, but how many actually avail themselves of this opportunity? Let's be honest about it...

The vast majority of us in the crypto sphere harbor a singular wish: for prices to soar skyward, enabling us to offload our coins acquired at rock-bottom prices for hefty profits. There's nothing inherently wrong with this desire, but it perpetuates a cycle of exchanging between various forms of "dirty fiat," doing little to address the world's financial woes.

However, I'm confident that blockchain technology will witness increasingly widespread adoption in the years ahead, paving the way for the flourishing tokenization of diverse assets. The surge in demand for NFTs exemplifies the appetite for tokenizing real-world value, and once established entities throw their weight behind this trend, we'll witness a plethora of mundane items being tokenized.

Consider Tether, the entity behind the USDT stablecoin, which has managed to transform the US dollar into a tokenized asset and burgeoned into a $100 billion company in under a decade. How many firms, boasting just 50 employees, can boast such a feat? Tether's net profits now rival a substantial portion of JPMorgan Chase's earnings, despite the latter employing a quarter of a million individuals.

Technological advancements are rendering everything more accessible and lucrative. While a recession may loom on the horizon in a couple of years' time—certainly not before or immediately after the elections—technology firms, AI enterprises, and the crypto sector are poised to flourish.

Although AI's current impact on society remains nascent, this is poised to change. We're already witnessing the proliferation of AI bots across various companies, serving as chatbots, while AI-generated content creation is only in its infancy. Banks face a stark choice: either embrace blockchain technology or risk obsolescence. While the dollar isn't facing extinction anytime soon, economies as we know them are primed for significant transformation through digitization.

This shift carries both promise and peril, contingent upon where one stands in relation to technology. Wishing you all a splendid day, folks, and until next time.

Thanks for your attention,
Adrian