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What is the exit strategy?
Good Morning,
Today, instead of discussing news, I’m going to use this tranquil moment to enhance your knowledge.
Therefore, I've crafted a short educational letter for you.
![BTC & ETH](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/db6d264f-97e4-4df8-93ec-d5f4feacb59d/btc-fear.png?t=1711107813)
What is the exit strategy?
When most people discover crypto they start fantasizing about the potential money they can make.
I was no different.
This mindset trigger “get rich, quick” emotions.
This emotions are used against you by smart traders and you end up losing most of the money.
These emotions are exploited by institutionl traders, and you and up losing most of your money.
However, this isn’t the case for everyone.
There are people that enter this space out of necessity.
They are living in countries with high inflation and/or corrupt governments.
For exemple people from Argentina, right now:
Inflation has historically led Argentines to find other store of value;
Bitcoin has become an attractive hedge against inflation;
Bitcoin purchases on the local crypto exchange, Lemon, nearly doubled their 2023 average in the week ending March 10th.
Other exchanges like Ripio and Belo have also reported similar surges in Bitcoin purchases.
These people discover bitcoin not only to its rising value but also out of necessity.
This applies for other impoverished countries as well.
The hard truth is, all FIAT currencies lose value over time.
There are people stuck in corrupt countries where a few politicians can decide to print money for personal gain.
Bitcoin is a peaceful way to fight agianst this.
Bitcoin is the exit strategy
In Western world, individuals like Michael Saylor saw this.
He manage to acumulate 1% of all Bitcoin through his company: MicroStrategy.
In above interview, Bloomberg jurnalist asked him: “What is the exit strategy?”
He replied: “Bitcoin is the exit strategy.”
If you start understand it you’ll discover that it’s a peaceful way of protesting, a means of unplug yourself from a corupt guvernment, and a method of storing wealth for you and your children and nephews
Bitcoin is the exit strategy.
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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.