Is it too soon to talk about Crypto yet?

[MinnesotaEric]

Started from nothing, retired at 54. Money I had made in real estate by then, has continued to provide us a comfortable life now 25 years later.

Now we're banking 529 funds for grandchildren.

Maybe I could teach you about money.

I'm a real estate Broker. When I suggested that real estate is a trap, I meant that real estate keeps getting cheaper in bitcoin but more expensive in dollars. Now if you've been turning debt into cashflow through RE, good for you.

Bitcoin is held for generational wealth.

Meanwhile, we continue to cross the desert of nothing happening until we get stablecoin legislation—which if all goes well will be late summer or early fall this year.

 

[ConawayFarms]

I’m with you, Hay Dude. I think a lot of folks are just tired of the same old way of doing things when it comes to investing or saving for the future. Crypto seemed intimidating to me at first, but what pulled me in was seeing how people all over the world can take part without needing permission from a bank or big institution.

 

[MinnesotaEric]

The FHFA has been ordered to count crypto as assets for mortgages. This will be remembered as a defining moment for institutional adoption of Bitcoin in particular, but crypto in general as crypto recognized as both a reserve asset and collateral by the U.S. housing system.

Why?

Because allowing your Bitcoin and other Crypto assets to count toward a home loan without the need to sell those assets avoids capital gains and allows HODLers to continue to "stack" coins.

As one Dogecoin fan shared....

https://twitter.com/x/status/1938018028203213092

We're also going to see a blossoming of yield products within crypto when stablecoin legislation arrives.

https://twitter.com/x/status/1938273407122215410

On the continuing and on-going development of blockchain technology on Bitcoin, billionaire Tim Draper made the following observation, writing:

There is a gravitational pull toward Bitcoin. All the successful innovations on other platforms are being now ported to Bitcoin. This matters so much more than people realize. All the innovation that started in altcoins (smart contracts, blockchain applications, ordinals) is moving to Bitcoin. I liken this phenomenon to Microsoft in the operating system days. When Lotus 1-2-3 took off, Microsoft created Excel and brought it into the OS. WordPerfect succeeded, so Microsoft built Word. Then Microsoft bought PowerPoint early. All of these applications became standard with Microsoft, while the early startups were marginalized.​

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Bitcoin is worth $1.8 trillion. The next largest token, Ethereum is only worth $250 billion. Bitcoin gets most of the programmers now. They are gravitating toward Bitcoin. The five applications that really matter are being built on Bitcoin—DeFi (Peer to Peer Payments, Trading, Exchanges, financial inclusion etc), Smart Contracts (supply chain transparency and traceability, asset trading and resource tracking) , Ordinals, Runes, and Layer 2 solutions like low cost micropayments. This gravitational pull is accelerating.​

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...Every entrepreneur building on Bitcoin has the entire ecosystem's momentum behind them. Smart entrepreneurs are always building on the platform with the strongest gravitational pull. That platform is Bitcoin.​

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When people ask what Bitcoin will be worth in 5 years, I say it will be worth one bitcoin. It may be infinite against the dollar as the dollar continues to inflate into nothingness.​

 

[quicksandfarmer]

I’m with you, Hay Dude. I think a lot of folks are just tired of the same old way of doing things when it comes to investing or saving for the future. Crypto seemed intimidating to me at first, but what pulled me in was seeing how people all over the world can take part without needing permission from a bank or big institution.

Interesting. I like my investing and saving to be boring.