Adoption Creates Wealth, Constant Innovation Sustains

So Bitcoin ETF has finally been approved and the questions on the minds of many is: now what?

It's crazy to think that a lot of people were just sitting there, waiting for this event to take place, for what? So they can say “I knew this day would come”? Only to have to ask “Now What?” right after?

Well that's disappointing. But what's even more disappointing is how people seem to think that a massive pump can be predicted. No sir, you can't predict a pump, just because there's the hype doesn't mean a pump will come right after.

I mean, which of the insane pumps in crypto was actually predicted? I'm not talking about those lazy “Oh, I think we should see some massive numbers this month”. Nah, I'm talking about some hard date prediction. All we have is speculations, nothing more.

What I've seen so far is Bitcoin performing well prior to the approval, not so well when it was approved, but going forward, yeah, that's when the real magic should set in, but a lot of people were expecting some immediate reaction.

That almost never happens.

Mass Adoption and Wealth Shift

How do you know a narrow-minded crypto investor? If all they talk about is getting mass adoption, that's how.

Like, there's really more to technology than huge numbers of users.

Everyone tends to think that mass adoption would bring stability. Now, mass adoption could come and go and the reason is very simple. With mass adoption comes a large value inflow, of which many of the early adopters will tend to exit or as we like to put a fancy name on it: take profit.

And when that happens, what next?

Exactly. This is usually where a company becomes one of those rise and fall stories. The entire system focused on one thing: getting adopted without plans to remain usable.

It's high time we stop limiting technology and start understanding that it's a system for continuous problem solving.

Innovation keeps you fresh in the market

I have a good idea of where bitcoin is headed as an asset, I don't know about the blockchain, a lot can happen to that. Yeah, I know how that sounds, speaking of the asset like it can exist without the blockchain. Well, the reason is because Bitcoin is proof of work, the coin doesn't control the chain, the chain controls the coin.

To close the curtains on that, bitcoin as an asset could stabilize at some point and become more boring than it already is. If the blockchain remains the way it is currently, I don't see much being built atop it.

And the very nature of technology disagrees with boriness.

It's funny to me that a lot of people seem to avoid this idea of crypto eating deep into the future of business development as that really just means replacing “Stocks”.

Because what? The government wouldn't allow it?

Why should the government try to stop me from creating a crypto token to airdrop to my loyal customers?

Don't companies already do this as points?

I'm sure they can't stop me or anyone, innovations cannot be stopped.

Now there's more to that. When they are not watching, we build a product around the token that drives in value. They can't come after us for breaking no damn law, the tokens were literally airdropped, for free :).

So yes, I have pretty solid reasons to believe crypto would replace stocks as an innovation to sustain the business world, but it's important to understand that replacing doesn't mean stocks will get dropped. No No. Have you seen how many investment products exist today?

Bonds, stocks, ETFs, treasury bills, mutual funds, futures contract, hedge funds, derivatives, REITs, CDs, MBS and the list goes on.

And more keep popping up.

It will all still remain a thing and keep sucking money from people because if we're being completely honest, all of them are scams(including crypto), some are just profitable scams.

Don't believe me? Let's ask ChatGPT what a scam is.

A scam refers to a fraudulent or deceptive scheme designed to trick individuals or organizations into giving away money, sensitive information, or valuables.

Now take a close look at all businesses, do they try to get your money and personal information or not?

Yes, they pay you, I know, but who's benefiting more?

That's right. Them. Pick your own scam, and build on it.

Posted Using InLeo Alpha