Go all in immediately.
BAKKT is coming. BTC to $100,000 in november
bakkt is the exchange medium to convert btc into dollars.
in other words, bitcoin is dead.
It will bring more liquidity but at the same time forget about volatility. BTC will become boring as hell, but alts could make a come back if they are not already dead when that happens.
I used to think bitcoin was idiotic and it didn't make any sense for a digital currency to actually hold value. Then I saw the need for crypto in general when all of these security flaws started happening on the Internet - my bank sending me a new card every week, month after month of personal data being leaked by major corporations, etc. Maybe eventually dollars will be replaced by a tokenized dollar approved by the US government, but it makes a lot more sense for governments to just start adopting bitcoin as an acceptable currency. Dollars are dying, my friend. Bitcoin is only just beginning.
and how are bitcoins converted into dollars?
>it just makes more sense
no, (((government))) isnt gonna use bitcoins
exchanges, like what bakkt is, except bakkt will get adoption
>Forget about volatility
Not at the start. BTC still isn't widely accepted or used as financial instrument or store of value. It has to go up quite a bit due to demand and be spread out to FAAAAAAAR more holders before the volatility is gone. But this is a step in that direction as more big money will be able to purchase it along with old people without needing to actually know the technology behind it.
Big money won't buy at these prices though. Price discovery will happen and it will be brutal, because BTC price has been manipulated for years now. This new exchange could crash Bitcoin to oblivion before we start seeing some upwards market efficient movement.
>Big money won't buy at these prices
Says who exactly? It doesn't even make sense for it to crash bitcoin.