Why I'm Long On Bitcoin

Bitcoin is the OG mamasita of cryptos.

This is not financial advice.
I currently own 22% of my cryptocurrency portfolio in Bitcoin and I plan to add to my positions as a long term investment hedge against fiat currency, the federal reserve and the banking system.
When crypto pops after the next euphoria, I will sell my Bitcoin before re-entering at a lower price so do not make any investment decisions before you understand economics, finance, market cycles, politics, and world history. Only once you fully understand the way the world works should you be learning about cryptocurrencies and investing in cryptocurrencies.

As the government continues to grow in size, people will become more and more oppressed. As members of the middle class continue to fall into the lower class, governments will run out of people to tax.
They’ll have 2 options, shrink in size or start taxing the rich. History has shown they’ll refuse to shrink in size therefore the rich will start getting taxed. These rich people will need to start hiding their wealth from governments in cryptocurrencies. Bitcoin is a wonderful investment because it doesn’t inflate. No one can print more Bitcoins.
Bitcoin is a good thing because in the past, when the government chose to print and print, the only solution was civil war. Now, people can safely store their wealth away from the government. Bitcoin is traceable however if the government start causing problems it can easily be changed into more private coins before they can steal your money.

Bitcoin is the original crypto and the one people are most familiar with. There are many Bitcoin maximalists that slam other cryptocurrencies. These people have made millions and rightly or wrongly are looked up to as a source of wisdom in the industry. There are many people who believe in cryptocurrencies that will be afraid of investing in alternate coins, putting their entire investment into Bitcoin.
With a $160,000,000,000+ market cap, Bitcoin is larger than most companies on the stock exchange and it’s not going anywhere. If you’re looking for an inflation proof asset, it’s Bitcoin, despite its volatility. You couldn’t hold it over any 4 year period and not see gains due to the 4 year market cycle by halving events.

Bitcoin has a scarce supply. There will only ever be 21 million Bitcoin. The current inflation rate is 1.8%. The next halving event in 2024 will see Bitcoin inflation fall to approx 0.9%. When this happens and inflation falls below the official US dollar government statistic, it’ll go parabolic with no end in sight. Anyone getting payments fiat will be forced to buy Bitcoin (or alternative hard assets) or get shafted.

The most important part of Bitcoin for me is the halving event that takes place every 4 years. A halving is when the inflation rate gets cut in half. This leads to a massive bull run of thousands of percent. Every time there’s a halving, we’ll see a massive price increase in the following months.

I’ve performed dozens of transactions on the Bitcoin blockchain and I’ve never encountered any issues. If I was sending large amounts of money and I needed maximum safety, I’d use Bitcoin rather than another blockchain even if the fees are higher because of Bitcoin’s incredible security.
It’s not just knowing the funds will arrive, it’s proof. No one can tell you the funds didn’t arrive because it’s a public ledger that anyone can see.

I feel 100% safe storing my Bitcoin on my Trezor wallet.
All I do is plug it in, use my password to unlock the wallet and I have access to receive and send Bitcoin and other cryptocurrencies. No one can access the funds without the hard wallet or recovery information.
If you have large sums of money in your storage wallets, I recommend not telling anyone about it because you’re at risk of being kidnapped. When I had large sums in crypto, I felt anxious all the time that something bad would happen to me. I would avoid telling your spouse, friends and family members about how much crypto you own especially when it gets to levels that would change someone's life. Never tell anyone other than your inheritors how to gain access to your wallet. This is why I recommend a hard wallet if you’re going to die soon because they won’t be able to access using the pin without the physical wallet which you can store safely.
There’s many other safe hard wallets and paper wallets to store Bitcoin other than Trezor.

Bitcoin has the largest community than any other cryptocurrency, including billionaires.