BACKED BY BITCOIN !
I guess this is not a tremendous news when you are connected to the blockchain 24/7. In this community I have read quite a few posts explaining the value in Terra with its stablecoin. It causes us to think about #HBD and how we can achieve one billion dollar worth of HBD for Hive users. As you can figure out it will be something to think and it will take a while to get there.
So far #UST is climbing up the echelon pretty well. I recalled not long ago it was $10 billion and now it is sitting at $15 B and counting. This is something about crypto that show where it is heading. Holding Terra is another way to see how the growth seems unstoppable.
The part that got my attention is the reason that Terra will hold BTC as reserve.
Usually Dollar is the reserve to back up a company or else.
MORE POWER TO BITCOIN
This is not the case for Terra. Before I go far many other cryptos companies understand the value proposition for Bitcoin. #Tezos hold a reserve in BTC. Gemini does the same thing from a while back.
I read a post from @edicted about BTC and I know the storyline for BTC may seems boring but the nonchalant admiration for BTC is deep as long you have a long term mindset.
Michael Saylor is the perfect example in this case. He only hold BTC for the company he is leading. Buying a share of #MTSR is like buying BTC. It may seems out of this world cause BTC looks out of touch but this is where it shines bright.
This week alone shows why BTC is doing its works underground.
The news you watch and hear are not beautiful but BTC is leading gracefully.
BTC should go down to $20k easily. This is the contrary to the big fat exception.
No matter the situation BTC is slowly gaining ground and fulfill its duty to humanity.
As my fellow diamond paw mentioned it is an asset of security back by trust and integrity.
Wait a minute, its value is in any fiat you want. But it is there to guide us.
The minute one BTC is value at one million dollar the sky will fall.
The beauty of BTC is the number of satoshis it has within.
1 BTC is equal to 100000000 satoshis. This is one with 8 zeros. There is a lot of room for the 21 million BTC to push itself around the world.
If you can hold one BTC more power to you.
Actually as long you can hold crypto you are somehow holding a piece of BTC.
Long story short, keep vesting in you.
Posted Using LeoFinance Beta
So his idea is to turn #HBD into a stablecoin so he can get even more funds to grow the family.
That’s why I love the Terra platform. Every UST produced burns Luna.