Bitcoin is the monetary lifeboat the world is looking for !!

1} It prevents invisible transfer of wealth from the masses to the government

FIAT system robs you silently, sneakily. Bitcoin prevents that. Finally an asset exists that takes our wealth out of the physical realm.

1. The governments find it hard to comprehend

2. It behaves similar to gold in terms of anonymity

Bitcoin started almost 15 years back and has been running ever since. You may ask but then we have Gold. Yes we do and Gold is so distributed that governments can't literally keep track of your gold

It is stacked in a house, put in a bank, worn as a jewelry, gifted in weddings. It's so valuable yet so omni present and there was a time when it was used as a preferred payment mechanism as well.

It flows from the mines then to processing and finally finds it way to banks, institutions and retail. Energy used to mine gold makes the metal precious along with other factors as well

All this is the physical realm, one that everyone understands. Governments can control this realm through law and order, institutions setup and necessary regulation

Now comes this new invention in a digital world which is relatively new with new rules and ways of working

2} The divergence starts with the physical presence transforming to a digital presence

While we are still figuring out this world, their is a payment system running in parallel via code and decentralized set of nodes. No one knows who created it, so the basic foundation is anonymous

Perfect recipe for something that can be disruptive:

1. Digital

2. Anonymous

3. Code as law

The governments can not understand this, and since they don't understand this world as much as they do the physical world they are scared. It’s inevitable.

The global cryptocurrency market cap today: $1.08 Trillion

Weekly change: -0.40% | Yearly change: -2.84%

Bitcoin (BTC) is the largest cryptocurrency with a market cap of $503 Billion.

Weekly change: -0.22% | YTD change: 55.97%

Another important metric is Bitcoin dominance which can be used as a rough indicator of the relative strength of Bitcoin versus other cryptocurrencies. A high Bitcoin dominance means that Bitcoin has a large market share and is potentially more influential in the overall cryptocurrency market and vice-versa.

Bitcoin dominance: Current Year: 48.31% | Last year (Sep 2022): 39.50%

The market sentiment has gone back to fear levels now expecting Sell Off this month

Note: The data used is based on metrics like Volatility, Surveys, Bitcoin Dominance, Social and Google Trends. Source: Coinstats

Let's have a look at Ethereum supply changes post its merge to a PoS blockchain from PoW.

The significance of the chart - understand how the supply of Ethereum is decreasing post the merge, which means “deflationary economics” for the Blockchain

Supply change since merge POS -302,143 ETH

The graph highlights POS issuance since the merge. Impressive numbers, look super bullish for ETH long term given the supply of ETH is not growing as before

Reject CBDCs, Embrace the Right to Transact The steady creep of payments digitization means governments will be able to increasingly intervene and potentially censor economic activity.

Why Wealth Managers Are Choosing These Crypto Accounts Separately managed accounts have seen explosive growth in TradFi, and there are benefits in crypto, too.

And now the funny part,

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research