All Bitcoin Hodlers Should Hear This - Dan Held

All Bitcoin Hodlers Should Hear This - Dan Held

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In this video, Dan narrates the phenomenal Bitcoin growth after its earlier rejection by people. He also predicts the continuous rise in bullish momentum.

Here is the summary of the video:

If someone had told us that Bitcoin would hit $10,000 someday, people would have been surprised in the early days. The bottom of 2015 was pretty dismal because Bitcoin was $180 per dollar. And then, there were no podcasters or any sort of industry news sites or YouTube content to promote Bitcoin. So, it was hard to believe in it. Now, the asset has gone far.

Bitcoin is gold because it doesn't feel real. The fact that it's happening in this weird moment is wonderful. And money is a belief system. Now, Bitcoin has superior traits as money. It doesn't matter if it has objectively better traits. It happens in ebbs and flows and not in a binary moment.

From a marketing perspective, there's something called last touch attribution and multi-touch. It means your final convincing to become a concept customer happens over time and not just a binary moment. The same thing is happening to Bitcoin because people didn't buy it in the past until it now becomes popular. Hence, multiple touchpoints are where we see greater adoption at a faster rate because of the multitouch nature and because people have had repeated exposure to Bitcoin.

In the past, people saw Bitcoin as a scam or Ponzi scheme. But after the exposure and Bitcoin refused to go away, more people and institutions are buying it and it is growing exponentially.

Bitcoin is going through a bull-bear run. But it has a pretty bullish outlook. People were unaware that Bitcoin had a good chance of succeeding. Those who had spent time learning it are now benefitting from the rise. The bullish momentum has not ended. Bitcoin users are still about 200 million. And the real game begins at a billion, and we at getting close.

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