Bitcoin is Changing – Are You Ready?
The Rise of Bitcoin: Opportunities and Self-Custody for Financial Freedom
Introduction:
Bitcoin has experienced a surge in demand, driven by the emergence of nine new ETFs. These ETFs have been consistently buying an average of 9,000 BTC per day. This influx of institutional capital has significantly reduced the available supply and pushed the price of Bitcoin close to all-time highs, despite significant selling pressure from the Greyscale ETF. This buying trend is expected to continue for the next several months. As a result, the supply of Bitcoin on OTC desks and exchanges is currently at its lowest level since 2013. This has triggered the start of Phase 3 of the Bitcoin cycle, arriving seven months earlier than expected, and the price has reached an all-time high in terms of market capitalization against most currencies worldwide.
The Four-Year Cycle:
The all-time high against the dollar is highly likely to be surpassed this week. Bitcoin has never come close to achieving a new high before the halving. With approximately 48 days remaining until the halving event, Bitcoin shows no signs of slowing down. While this does not break the cycle, it does indicate a significant change that requires our attention. All indicators now confirm the beginning of Phase 3 of the cycle, except for the monthly indicator. If the monthly indicator aligns as well, it will signal the start of the most parabolic phase of Bitcoin price action. Historically, Phase 3 has never lasted more than 13 months. If this pattern holds true, Bitcoin is expected to reach its peak in January or February of 2025. If this happens, the cycle will have remained intact but with a noteworthy change in its structure. However, if it does not conform, it suggests that Bitcoin has entered a new stage in its adoption, breaking the four-year cycle.
ETF Madness:
Bitcoin’s acceptance on Wall Street has witnessed a remarkable shift. It has transformed from being the most disdained asset by traditional finance to a trusted “flight to quality” option. This signifies the capitulation of financial institutions desperate to gain custody of Bitcoin for the masses before individuals realize that banks and investment firms are not essential intermediaries. Don’t fall for this! Investing in Bitcoin ETFs means you do not own any actual Bitcoin. Instead, you are giving capital to the very entities that should not be trusted with holding Bitcoin. Rather than entrusting your money to the institutions of Wall Street, take the time to learn how to purchase and self-custody your own Bitcoin. Swan Bitcoin, River Financial, and Hope.com are excellent platforms to begin your journey of BTC self-custody.
Start Participating in the Bitcoin Economy:
Once you have learned to self-custody (be your own bank), consider utilizing Bitcoin as a means of purchasing goods and services. Payment options such as Strike, The Coinbase debit card, or Cash App enable you to make online purchases using Bitcoin. Additionally, platforms like Travala allow you to book your travel and pay with multiple cryptocurrencies. If you own a business, consider offering Bitcoin payments to your customers through services like People Pay  By actively participating in the Bitcoin economy, we contribute to its wider adoption and the growth of this new financial system.
Conclusion:
Bitcoin has undoubtedly established its presence in the financial world and is reshaping the landscape. Major financial institutions have recognized its potential and are embracing it for their survival. These institutions have long dictated government policies, manipulated financial markets, and exploited the general public. As Bitcoin and decentralized finance continue to gain traction, these institutions face their demise. They will desperately try to convince you that they are still necessary in the future. Don’t fall for it! Take control of your assets, learn self-custody of Bitcoin and other cryptocurrencies, and secure your financial freedom. The opportunity awaits, but only for those who seize control.
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So good! Thank you Kury!