Is volatility behind us?

I doubt it.

The price feels more suppressed than ever, because it’s still trying to reconcile two forces moving in opposite directions: an increasingly deflationary money being measured in an increasingly inflationary currency.

That tension doesn’t resolve into stability; it compounds into greater volatility the longer it’s ignored.

Adoption means little without discipline.

Unless your monetary policy outlasts Bitcoin’s in strength and credibility, it will siphon away your premium: slowly at first, then all at once.

That’s a standard no state has ever met, and fewer still are willing to even attempt.

Bitcoin may be closer to maturity than ever, but the dollar is nowhere near the end of its decline.

This is a problem you can’t kick down the road forever; a trolley problem where the choice isn’t between strangers on a track, but between yourself and the generations that follow.

Bitcoin was born in the wild and raised free range.

It has manners now, and we’ve invited it inside, but if the walls of the house become a cage, it will break free as easily as it once slipped through the cracks, and those with sense will follow it out.