It’s been a tough few months for Bitcoiners ever since BTC reached all-time highs in November 2021.
As much as I believe in Bitcoin, I don’t think 2022 will be a positive year for Bitcoiners.
It’s important to understand that fiat currency is driven by military and politicians while Bitcoin is driven by math.
Right now, the current block reward is 6.25 BTC and we are currently sitting at block #731,533 as of writing this article.
The 4th halving started at block #630,000, so we are currently in the bearish trend of the currency Bitcoin cycle.
Bitcoin currently trades at around $40,000, but I wouldn’t be surprised if BTC dropped to as low in $30,000 in the next few months.
As much as I want to trade Bitcoin for profits, I still believe in forgetting about the price and holding long term.
Bitcoin is a wonderful store of value that made a lot of investors rich if they simply held and did nothing.
Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives.