Is Bitcoin the Savior that would save your sinking portfolio ?

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(Edited)

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Back in 2008 a famous and well known bank by the name of Lehman Brothers collapsed.
Is this why Bitcoins was born ?
was bitcoin born .jpg
source
One theory suggests that Bitcoin or BTC was born what was wrong with the banking system. The faulty practices, lack of transparency and all the evils which go with it.
Bitcoin took its time to spread its wings and met with skepticism and a lot of opposition.

The irony of fight against BTC

People who mostly supported fiat operations would find fault with the idea behind BTC and would argue and indulge into endless debates however would do little to fix what is broken with the physical fiat world.
From 2008 to 2023 little has changed in the fiat world. More banks have collapsed and so have the stock markets.
Not to say that BTC and crypto price did not crash but the ideology behind BTC the idea of transparency and decentralization has survived.
Today looking at the price of BTC the charts tell an interesting story

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source:coinmarketcap.com

BTC is up 14.79% as I write this piece. BTC has seen a high of 24550.84 in the last 24 hours.
This despite the fact that the Silicon Valley Bank has collapsed. Another bank that many thought could not fail.
Yet here it is biting the dust.
One could argue that it is the smart money moving into BTC pumping it all the way.
However the big question is where does one keep our money if banks fail and cannot return the money.
Stocks are doing poorly and so are the index funds.
Governments are after the stable coins and there seems to be so much investigation and FUD all around that BTC seems to be the only place that is safe place to park your money.
That being said it does not mean that tomorrow BTC prices cannot correct.

The decoupling is heartening

So this decoupling of BTC from all the fed talk, government regulatory talk and its freedom from all the failures of the fiat world institutions looks like a moment when the time for BTC to rules has come.

The green ticks are not forever

BTC is cyclic like all other asset classes however this upward leg of BTC is very reassuring for this asset and the asset class it represents that is crypto in general.
BTC has been written off by many and it has been opposed with bans on mining to trading yet it is more of an ideology that has survived.

Now that you are here ...

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