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Famous BlackRock now owns 183,300 BTC worth $12.3Billion.

Question: Should i buy BTC now? Or should I wait for a dip?

I would do both. And here is why:

It is first important to understand what exactly is the Bitcoin Halving.

-Technical jargon incoming:

After every 210,000 blocks that these miners add to the chain, the number of Bitcoins they receive as a reward is halved. This happens approximately every four years. This event is a built-in feature of Bitcoin, effectively designed to control inflation.

-In English:

Just like Gold, Bitcoin has a limited supply of 21M BTCs and the same way a gold miner will have an easy time mining gold in the beginning of a gold mine (because the gold is on the surface) it gets harder and harder as he has to dig deeper into the earth. So therefore, the reward is smaller. Making it more difficult to aquire gold. Which leads to a price increase because there is less supply.

That’s why the price of BTC is increasing.

And with the legal go ahead of the SEC for Bitcoin ETFs for insitutional investors. The institutions are going in big. Which is why you see BlackRock accumulating BTC. Beating MicroStrategy’s famous Collection!

So, the final question!

Should i buy BTC? Or should I wait for a dip?

Here is logic behind doing both.

I would acquire as much of this digital gold as possible and understand that the current price doesn’t matter.

In the future, it will be extremely difficult to get a piece and that’s when i will care about the price!

Did you get it?

(Not financial advice, i am just in BTC since 2017 and sharing my own strategy)

Make sure to follow me on LinkedIn!

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