08-23-2021, 04:26 PM
6 reasons this Bitcoin bull run is going to be way bigger than anybody expects
<!-- SC_OFF --><div class="md"><p>1) Risk averse investors like Ray Dalio, Paul Tudor Jones, big commercial banks like JPMorgan and Wells Fargo are getting into Bitcoin and starting to see it as one of the best SoV asset.</p> <p>2) Lightning Network is growing and getting adopted rapidly. It's the main reason for El Salvador legal tender adoption which is coming in the first week of September. Twitter will have Lightning integration soon. Square is building DeFi on Bitcoin. JP Sears launched a social network on Lightning. African startup Bitnob started using Lightning to provide cheap remittance services.</p> <p>3) Countries like India and many other Asian countries are getting into Bitcoin in a major way. India is the second most populous country in the world and the second biggest market for gold. But the younger generation in India is turning to Bitcoin instead of gold. Crypto investments in India have gone up 700% in the last year.</p> <p>4) Taproot upgrade is an important evolution for Bitcoin to improve privacy and scalability. It's coming in November. This upgrade will let Bitcoin have scriptless smart contract integrations via layer 2 protocols.</p> <p>5) Infrastructure bill controversy had a Streisand effect for Bitcoin. Many politicians are publicly showing support for cryptocurrency and it has caused a spike in interest overall both in the US and abroad.</p> <p>6) Last but not least, trust in fiat currency is at an all time low. 10% annual inflation is considered to be hyperinflation. The largest economy in the world USA is currently at 6% annual inflation. Other countries holding dollar reserves will be affected even worse.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BtcAnonymouse"> /u/BtcAnonymouse </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9w1v0/6_reasons_this_bitcoin_bull_run_is_going_to_be/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9w1v0/6_reasons_this_bitcoin_bull_run_is_going_to_be/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>1) Risk averse investors like Ray Dalio, Paul Tudor Jones, big commercial banks like JPMorgan and Wells Fargo are getting into Bitcoin and starting to see it as one of the best SoV asset.</p> <p>2) Lightning Network is growing and getting adopted rapidly. It's the main reason for El Salvador legal tender adoption which is coming in the first week of September. Twitter will have Lightning integration soon. Square is building DeFi on Bitcoin. JP Sears launched a social network on Lightning. African startup Bitnob started using Lightning to provide cheap remittance services.</p> <p>3) Countries like India and many other Asian countries are getting into Bitcoin in a major way. India is the second most populous country in the world and the second biggest market for gold. But the younger generation in India is turning to Bitcoin instead of gold. Crypto investments in India have gone up 700% in the last year.</p> <p>4) Taproot upgrade is an important evolution for Bitcoin to improve privacy and scalability. It's coming in November. This upgrade will let Bitcoin have scriptless smart contract integrations via layer 2 protocols.</p> <p>5) Infrastructure bill controversy had a Streisand effect for Bitcoin. Many politicians are publicly showing support for cryptocurrency and it has caused a spike in interest overall both in the US and abroad.</p> <p>6) Last but not least, trust in fiat currency is at an all time low. 10% annual inflation is considered to be hyperinflation. The largest economy in the world USA is currently at 6% annual inflation. Other countries holding dollar reserves will be affected even worse.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BtcAnonymouse"> /u/BtcAnonymouse </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9w1v0/6_reasons_this_bitcoin_bull_run_is_going_to_be/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p9w1v0/6_reasons_this_bitcoin_bull_run_is_going_to_be/">[comments]</a></span>Kind Regards R