$BTC

The current position of $BTC and why crypto is essential for our lives??? 💥💥

Historically, in everyday life, transactions involving goods and services have been conducted through two main forms: direct exchange (fiat money, gold...) or online payment + cards (using the internet). However, with the emergence of crypto, which has its own uniqueness, it has become a channel for safe and more convenient transactions with extremely high security and especially does not require an internet connection. Because crypto is stored in hardware wallets – a physical device, just a touch and the transfer is done immediately. So even in crises (natural disasters, earthquakes, wars) without the internet, it is still relatively easy to conduct transactions of all sizes. In contrast, physical gold is much more cumbersome to store and is highly inconvenient for transactions of small value.

💥 With its wonderful applications in life, many countries have been and are implementing legal frameworks to allow crypto custody like the USA (Mr. G also had a post 2 days ago); crypto will be a significant investment channel like stocks but also carries the accumulated value of gold ❤️

--->> That is also the reason why BTC is referred to as digital gold and is expected to replace physical gold. Because BTC cannot be printed additionally and is more convenient as Mr. G explained above. For that reason, BTC is currently: demand > supply. Many large ETF funds and organizations have been and are accumulating BTC, putting upward pressure on the price. For the past 2 months, whales have also transferred large amounts of BTC to cold wallets for storage, limiting transactions on exchanges. This not only reduces selling pressure but also creates a favorable condition for the near future of BTC as well as crypto, everyone.

💥 Being cautious, Mr. G always seeks to understand the root of issues, optimistic about long-term price increases is the reason, and has never made judgments based on the majority!!!