- Joined
- Apr 16, 2019
- Messages
- 1,010
Rep Bank
$3,645
$3,645
User Power: 399%
Isn’t there a possibility that many people will invest retirement funds once this is launched (potentially many billions of dollars), thus increasing the market cap and along with it the price going up?
If that (somewhat likely scenario) happens won’t that increase the price? Or am I completely wrong on and missing how all this works?
Yes there is a possibility.
"My dad is exactly one of those retirees, who did this 2020. It took him 15 DAYS to get the Bitcoin, not 15 seconds. He tried Coinbase, failed KYC because they couldn't verify his address. Tried another exchange, but there was problems with the State of NY at that time.
He finally got on board with Gemini, but his general feeling was "Something this hard will never work".
Bitcoiners underestimate that the process of getting signed up Coinbase itself is beyond the attention span of most boomers. Absolutely forget non-custodial wallets, seed phrases, plates, multisig or any of that."
The scenario this guy presents in his story isn't the norm imo. Couldn't verify address? Why? There are dozens and dozens of ways of getting your hands on BTC. The uber driver has a dashboard of information about his coin collection like Bruce Wayne would in his batcave. I don't think "boomers" are too dumb with too little of an attention-span to buy BTC.
My point is that if you want exposure to BTC you can find it in 2023. This isn't 2012. Everybody and their mother knows what a BTC is.
I'm not saying there isn't more money that can flow into this asset class. I'm just saying it's less likely that it's the ETF that's holding back funds from getting exposure to BTC and more likely that it's the market psychology that creates this narrative of an internet-dumb boomer that explains the hype around the ETF.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today