Is this Bitcoin mooning the real booming boon we've been waiting?

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Bitcoin is somewhat mooning and I couldn't help but be thankful about it because of course we will earn more in our trades, investments, and also if we are staking cryptocurrencies which has that feature, we would earn staking rewards with a pricier tokens.

I also could not find the sense of Bitcoin to even had pushed up to reach the 21K levels where some "analysts" are saying that it could take weeks before that would happen. However it happened in a matter of hours just today which started from the last few days.

Many people says that their favorite coins are going up because of this or that but in reality it is just because of the price of Bitcoin that are pulling the prices of almost all cryptos up. Well whatever the reason for such unbelievable price jump might be hidden for all we know because we must consider that there are wealthy people, groups, or businesses that are basically buying for whatever reason why they are doing it but it is now reflecting on the markets.

I do hope that this will continue of course because we all know that the price of Bitcoin is nowhere near its true value. The value of Bitcoin in particular should go up as time passes-by because of the factor of its scarcity. That factor is true in other things like for example a painting by a renowned painter could fetch millions of dollars because there will be no way to recrate that painting even though there will be a technology to copy on how that painting was done with all the original paints that will be used.

However if the original painter is no longer around and he didn't paint a similar painting or recreated one even if he is still alive, the original painting will still grow value because it is unique, and for that reason it is rare and scarce which is why it is more expensive particularly if some people in authority will declare its value to be more in the future.

What I meant is clear, bitcoin is a scarce and will be more rare as time passes by especially if it will survive for many years and then of course people will lose their secret keys or even die with their Bitcoin without passing it to the next generation, then that factor will also contribute on how Bitcoin will become so rare in the future.

Well unfortunately we the people who are still around will never see the last bitcoin to be mined or maybe even see it reaching one million dollars per each coin regardless of the value of the dollar which I also think will never go away as well. The force behind the use of the dollar is beyond the control of the US government, the US government is just like a puppet of the powers that be that I am now still figuring-out who those forces are but what I know is that who holds the the FED holds the power. Well it all boils to who has the big money takes the oar of the boat and we the passengers will just have to try on how we can survive the waves from where that boat is heading.

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_{Posted from https://blurtlatam.intinte.org}