Hi Everyone,
Wishing all of our American readers (which is about 70% of you) a very joyful Thanksgiving. Those of us who have exposure to the crypto market certainly have lots to be thankful for.
Fortunately, this year we have no need for articles telling us how to discuss Bitcoin with family members during Thanksgiving dinner, since 16% of adult Americans have already used cryptocurrency in one way or another.
Especially if there are any men at the table between the ages of 18 to 29, there's a 43% chance that they have either invested in or used a cryptocurrency.
What's more exciting is that the numbers seem to hold true across all income categories. Rich, poor, or in between, we're all moving forward together.
The proliferation of bitcoin, ether, dogecoin, and other digital assets certainly seems to have passed the tipping point, and that's an extremely exciting prospect.
Though one might be fooled into thinking that we've come so far that there's less room to grow, in my mind the democratization of wealth through decentralization is just getting started, and we still have plenty to look forward to.
In previous cycles when crypto was much more of a speculative vehicle, it was common to see extreme pullbacks. However, now that people are starting to think long-term and list coins as assets rather than trading for short-term gains, volatility is coming down.
As we continue to build out web 3.0 and the so-called metaverse, sure there will be projects that fail, but several will go from literally nothing to being dominant forces in our economy.
We'll do our best to pick winners, but anyone with a diversified long-term portfolio will likely be thankful for many years to come.
Very happy and healthy holidays to all!
