| The problems with our debt ceiling haven't been solved – the proverbial "kicking a can" of issues is just being pushed further down the road. And as the recent deal does little to slow the massive buildup of federal debt, one asset is starting to emerge as a beacon of stability – Bitcoin (BTC). We're already seeing Consumer Happiness mentions of Bitcoin increasing over the last year, which could have some correlation – among other things – to people getting sick of the political posturing in Washington wrapping the stock market in uncertainty. 
But I know what you're thinking, "Andy, aren't Bitcoin prices all over the place? Isn't crypto volatile? Aren't there lawsuits against crypto exchanges right now?" Yes. Compared to stock prices, it does take a little bit of extra grit to ride out waves of volatility as a crypto investor. But Bitcoin's capped supply and immunity to inflationary pressures make it a compelling long-term investment and store of value. That's important to know, as the debt deal failed to address the growing revenue shortfall and the increasing spending on health and retirement for the aging population. That could all continue to lead to high levels of inflation and a devaluation of the U.S. dollar. So, despite the near-term turbulence in the adoption of crypto, especially among institutional investors, we remain bullish on Bitcoin. 🔥 Hot Take: We're setting a price target of a whopping 💲250,000 by 2028. Currently, the price of Bitcoin is hovering between 25,000 and 27,000. 🔥 Here are four reasons why we think this price target is realistic... Click here to continue reading | 
No comments:
Post a Comment