Are You Grabbing Up All The Bitcoin You Can?

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I hate to say it but if you're not close to owning at least 1 $BTC you are going to find yourself behind the curve. That's because major news has been coming out in terms of what's happening with Bitcoin at the moment.

Central Banks

Central banks themselves are now stock up on bitcoin and they most likely are going to also be stocking up on other approved assets such as Ethereum which now has approved ETFs about to go live.

This is something we have been seeing and it's only growing stronger. I honestly feel it wont be long before more if not all governments start to stack bitcoin and that's when things are really going to get wild.

With 21 million total bitcoin going to be minded and a few million most likely lost forever the amount of bitcoin to go around to the worlds population is extremely low.

Why Are They

The reasons speculated as to why they are doing it is because mainly they want assets to backup their CBDCs which they will most likely be rolling out. This rollout will need to be backed by some real assets and not debt like the USA government currently does.

One of the rulings is that in order to have these types of Fiat assets that it needs to be fully backed. Now that doesn't mean we can't and wont see debt issues ETFs or something like it. For example most U.S treasury debt is most likely going to something we see a lot of and CBDCs could be used in order to buy these debts. However the CBDC will have to be fully backed meaning zero debt is being collected from banks like you would see with credit card companies.

Less and Less

With less bitcoin being mined and more people including businesses, large cap brokers and even countries wanting to get their hands on it the amount of bitcoin to go around is nearing an all time low.

Now you have some people saying and the creator of Bitcoin will pop their head out and say surprise here's another 21 million bitcoin that can be mined the chances of that are extremely low and honestly I wouldn't bet on it at all. I believe it's just a scare tactic they use and will continue to hammer on to build panic and fear for people to sell theirs off while they grab up more.

What are you currently doing to build your 1 BTC?

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It's interesting to see central banks stock up on Bitcoin. Makes you wonder how quickly things are changing in the world of finance. Definitely need to start getting some Bitcoin and I believe Hive will have a good bounce back too

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