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Nope. 1 btc is already 1 btc

Well depends how you see it.

By stating "1 BTC = 1 BTC", it is emphasizing the fact that the value of Bitcoin is not relative to any other currency or commodity, but is rather an asset in its own right with its own unique properties and value proposition.

Which is great and true but right now this doesn't help you in reality where everything is still priced in FIAT.

So at least for me, number goes up = getting closer to hyperbitcoinization, which would make 1 BTC = 1 BTC a reality for every human being and that's at least for me a very desirable outcome. So yes, I enjoy NGU as it's shows the growing adoption.

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Discussion

BoomTown 2y ago

Agree. NGU means more people have started their journey to see 1 BTC = 1 BTC. That’s exciting.

HoloKat 2y ago

Does NGU really mean adoption though? 🤨

BoomTown 2y ago

Yes.

HoloKat 2y ago

There’s no way to tell. Could just be the same people accumulating.

BoomTown 2y ago

Is that what historical adoption charts (e.g. active wallets) show?

Neo ⚡️ 2y ago

On a short time frame, there is certainly a lot of market manipulation involved. However, on a longer time frame, in my opinion, it's the growing adoption that increases the fiat valuation. We can see this with all the halvings, where we overshoot as many newcomers come to the market, driven by greed and a desire for more fiat. Then the bubble bursts, and some people dig deeper during this phase to understand that Bitcoin is more than just an asset. As a result, they become convinced Bitcoiners and gradually leave the fiat mindset behind. But like I said that's just the way I see it. I'm a Freedom Maximalist, so I'm happy if other people disagree. As nothing is certain in our world, except 1 BTC = 1 BTC 😁