RE: Skeptical about holding a few alt coins

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RE: Skeptical about holding a few alt coins

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milaan in LeoFinance • 9 months ago

I have been holding a lot of coins in my portfolio and have been holding them for several years now. As the price of BTC is at its peak, it is not a feasible option to keep holding them as the price might fall if the price of BTC or the entire market goes down.

I personally feel that Bitcoin and ETH will rise in time. But for Indians they should also take note of the fact that what they are getting PER USDT in INR may not be that attractive 4/5 years down the line. And I am saying this by taking cues from geopolitical events.

So even if BTC rises to 0.2 Million USD, for example, it may not give you that intended return if INR per USD trades at 60 rupees. I maybe wrong though but what I can see is that by 2029, INR will rise and might trade at 60 INR per USD.

As such 2025/26 through to 2029/2030 will be very chaotic, similar to dot com bubble. That said genuine coins with robust use cases will strive and survive, but mere speculative coins will have their ultimate death. BTC will stand tall during these turbulent geopolitical events. (NOT FINANCIAL ADVICE).

Thank you.

🙏🙏🙏

9 months ago in LeoFinance by milaan

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bala41288 9 months ago

I'm doubtful that INR will go below and reach 60 Rs against USD. In the last few years it keeps going up and it will continue I guess. Investors are having their investments outside and the demand is outside. But yeah BTC will stay tall that's for sure.

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milaan 9 months ago

Geopolitically there are two divergences when it comes to the question of reserve currency. USA is trying de-dollarize by taking the route of BTC and crypto, in fact, BTC and crypto was a project started in USA amid the crisis of 2008 and for the first time USA itself wanted deDollarization.

BRICS nations are trying to dedollarize by taking the route of GOLD. You must have been hearing why Central Banks are heavily buying GOLD.

That said, USD is not going anywhere but the world will no longer remain uni-polar and by 2030 we are heading into multi-polar world order. Geo-economics is always embedded in Geopolitics. India has already started trading in INR in ASEAN countries, Russia and UAE. And that will further expand.

In time, when Global South does away from USD as an international currency or at least curtails its use, USD will lose value slowly relative to the local currency of respective nations(particularly resource-rich nations and manufacturing hubs). It will be a long-drawn process, but by 2030, you will begin to see the visible impacts of it.

The creation of Euro was the first de-dollarization even and that led to dot com bubble. The creation of BTC was the second passive attempt of de-dollarization under the guise of deflationary currency. To some extent, it is so. But geopolitical reading perfectly connects those dots.

Thank you.

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