Why I’m bullish on Bitcoin in the current uncertain stock market

Bitcoin is the first ever non-correlated asset in the world. It is not tied to any country so is a unique store of value with deflationary properties, quite the opposite to fiat currencies the world over. It does not mirror the stock market or any trend, but is a financial law unto itself.

As a result it is a place for capital to move to in times of uncertainty on the mainstream economic market. The current price spikes are just parabolic this past two months, and are taking Bitcoin to new highs for 2019. Stocks are over-extended at present and are taking a tumble in price. But Bitcoin is still climbing. In fact it has more than doubled in price already so far this year. What stock or share can say that? None can, not even gold or tech stocks. Bitcoin is in a league of its own. And that is why I recommend investigating in Bitcoin as a safe haven now.

The housing market may be a traditional safe haven too, but it was the bursting of the housing bubble in 2007 that caused the Great recession of that year. And housing may again be ready to roll over, to move into a downturn in price overall, from London to the US west coast, to Canada, as well as NY and Australia. The thirty year bull market in property in Australia is over potentially.

Even the mortgage rate or cost to borrow money to buy a house is going up. Added to that the major central banks, from Europe to the US Fed, China and Japan all are declining in assets.

Also the triple top on the Dow Jones, a multi trillion dollar market, is a seriously bearish indicator. The Fed may have raised rates this year already and want to raise rates still more but with auto loan defaulting already, it means the Fed may have to halt interest rate hikes for now. Other economies like the European and Asian actually have negative interest rates. People are being paid to take a loan, you are being paid to lose money in some cases.

This current monetary policy of the central banks is highly speculative and experimental so no one knows where this is heading, not even the Rothschilds. And then there is the “shadow banking sector” operating behind the scenes. They are also making waves. Overall global tensions are rising, like in the growing trade war between the US and China. Brexit has been dragging its feet for almost 4 years now, and even Theresa May has stepped down as Prime Minister of England, in failure.

I have a feeling that the elite don’t want Brexit so they are having it in name only, but not on the ground. It is a fake Brexit and the referendum is not binding, just saving face is what they are trying to do now. Turkey is also in a currency crisis, much like the other developing economies like mine in South Africa and others in South America. Besides that there is also a glut of oil and natural gas. This sounds good for us, but it will affect the selling economies, like Venezuela.

On the stock market oil and gas are over extended, and the global economy is slowing down so we will see a price drop for both energy sources. This will cause pressure on developing economies, including Russia, a huge gas supplier to the EU. Commodities are going to take a hit. Gold also is so manipulated, like silver, and price is suppressed, so there is a potential store of value there but not much profit to be make.

With all of this down trend in traditional markets, it seems like Bitcoin may just be the safe haven for investors this year, during the new bull trend. $20 000 may have been a great all time high (ATH) for Bitcoin in 2017 but this will be the lower range for the next bull run to the new ATH. It will make $20 000 look like a pit stop on the way to $200 000. Give it two more years at least. There will be some more volatility of course, with a possible retrace to the lows for re-accumulation, but in a year or two from now we will see new ATHs.

So even the “buy and hodl” mentality with Bitcoin at this time in the cycle is a great idea. Not financial advice of course, just my opinion, based on observation of the charts since late 2017. As an intermediate in the industry I have made profits in the past bull run in December 2017 and now I am starting to make profits in this new bull run of 2019. I am so bullish on Bitcoin right now that I see it going up 500% in the next 24 months, from the current level of $8000 all the way up to $40 000, just for starters.

So keep “stacking sats”, or continually buying more Satoshis (Sats or cents) worth of Bitcoin, in a process called “dollar cost averaging” where you buy a certain amount every month, regardless of current price. Whether you but at $6k or $8k right now will not matter too much when the price is 10x that, and you are taking profit in two years from now. Even if my time scale is a bit out by a year or two, you will still be seeing these huge price levels for Bitcoin at some point in the current bull trend. It has happened before and it will happen again, like clockwork. It is as inevitable as mathematics
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When the “Bitcoin halving” occurs in May 2020, about one year from now, there will be half as much Bitcoin produced for the same price as before, so obviously it will become more expensive to mine and thus to buy. Price will have to go up, that’s all there is to it. Especially since there is only 21 million ever to be mined. This will cause the deflationary price hike, which is the opposite of all fiat currency which is continually printed and thus going down in value with excess printing ad infinitum.

It’s all about the math and Bitcoin is built on math. Past stats speak for themselves in Bitcoin’s history, as we see in the previous two halvings. That’s how price rises, it’s built in to the math equation or smart contract that is the Bitcoin code. And that is why I’m so bullish about Bitcoin, why I would invest now, the rest is up to you. What is your opinion on Bitcoin as a safe haven and store of value or as an investment? I have made profits in the past, what is your experience of Bitcoin? Let us know in the comments below.