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Cryptocurrency analyst Willy Woo Recently disagreed Bitcoin (Crypto: BTC), emphasizing the practical importance of Fiat in the current world.
During the show All Bitcoin with CK Show, which was shown on September 3, Woo shared his opinion on Bitcoin Investments.
They argued against the All-in-In strategy, which means that 100% of their assets are investing in Bitcoin to prove their commitment to cryptocurrency.
“Everyone screams that everything is everything, be everything, otherwise you are not true Bitcoin or anything else, but this tolerance is different for everyone,” said Woo. “The practical reality is that I live in the Fiat world and I need Fiat to pay for things.”
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Woo said they learned life lessons after the panic sales of Bitcoin through the Covid downturn.
“I had everything on Bitcoin and had no more than 2 months’ runway Fiat to pay for costs,” Woo said. “I was not thinking.”
“And so at that time I always intend to have a Fiat as a 2 -year runway. So Bitcoin accidents, who do you care about? No need to sell. You know, if anything, I may be tempted to buy some runway and landing trail, ”he added.
Woo said although they hate Fiat currencies, it was “practical” that they are a bumper challenge.
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Woo, one of the famous Bitcoin proponents, emphasized the importance of selling the periodic Bitcoin whales to reduce the centralization of supply. They said they wanted to reinvest their share package at Bitcoin infrastructure and contribute to the growth of the network.
Woo has also previously suggested that Bitcoin’s value should be restrained against the global economy, not the US dollar. They have theoretically that the cryptocurrency of the tops would be equal to GDP all over the world, divided by 21 million.
Photo on the CKA website of CKA Shutterstock.com
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This article plans to All-in Bitcoin? A popular analyst says they “hate” “fiat” but the reality is like that
