When does “absolute scarcity” rear its head this cycle. Seems like there are a bunch of fiat interests actively moving supply to market (or giving the perception of moving supply to market). For those of us fully vested for our first bull run, this wait is annoying, at best.
NGU is important because it enables bitcoiners to deploy capital into productive operations in pursuit of more bitcoin…but number has to go up.
Number has gone up…….
Patience is key
Stack sats and chill isn’t just a saying, it’s a way of life. The quicker people realize this the better. But to your question, the fireworks typically start 6 months after the halving. Also bitcoin just made an all-time high on the 6th month chart. We are building the most solid ground ever in history. The faster BTC goes up the faster it comes down. Slowly going up is a great sign. Lowering your time preference will be key. Think 2035, anything between now and then is irrelevant in terms of fiat.
Bitcoin has to reprice real assets - energy, pipelines, refineries, food production, manufacturing, real estate - otherwise it isn’t really serving its purpose as a storer of value.
The sooner I can buy an oil field and enhance its productivity so I can buy & mine more bitcoin the better. This will happen because (1) the fiat valuation of the oil field has come down and (2) the purchasing power of bitcoin has gone up.
But we need fiat assets to be repriced just as badly as we need bitcoin to go up. The current valuations of everything are completely absurd. And I’ve stacked … in reference to a nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs post from a few weeks back … stacking now is immaterial…many newly convicted and dedicated bitcoiners need price action to unlock their sovereign productivity in the tangible world.
Agreed and when you’re talking about repricing 300-800 trillion worth of fiat assets, these things take time (multiple decades)
“many newly convicted and dedicated bitcoiners need price action to unlock their sovereign productivity in the tangible world.”
Trust me they’ll get price action. However, their productivity isn’t “unlocked” because of fiat price action, it is retained with BTC.
