The amount of capital needed is WAY higher tho
Discussion
I don’t consider printed dollars to be capital.
You still don’t accept what’s coming.
Ok, the amount of dollars needed is WAY higher. It makes a difference. You are probably one of those that thinks btc is going to $1 million in the next 12-18 months, right?
I’m a perma-bull and you can’t even imagine what I think.
Extending the comparison, it took Bitcoin just over 2.5 years to go from 15k to 125k.
“The amount of dollars needed is way higher” is a mid-curve take.
Price is set at the margin and you don’t need any specific amount of dollars to move price. Just more buyers than sellers.
Very naive take. You do realize that as the price increases the less volatile it becomes, right? I've been in btc a lot longer seen the big bull runs and we aren't having them. Sure we will have some run ups, some nice short squeezes but it's going to be more gradual. Retail isn't coming back like in the past, they have the ETF's. Just look at the recent 80,000 btc that were sold that barely affected the price. That eould have been very different even a year ago. But hey go ahead and live in your fantasy land, that's fine 👍
Look at all that yapping
This started with me simply saying the move to $1M is relatively similar in magnitude to the move from $15k to $125k. What are you even on about? Do you still not understand that getting long makes you rich?
Lol! I have been buying bitcoin for a long time, this is my third bull run. The run to $1 million might seem "relatively similar" in percentage terms from $15k to $125k but it requires FAR more dollars, a lot more than what was needed from $1 to $10 which is a 10x or $10 to $500 which is a 50x. I am confident of bitcoin reaching $1 million but it won't be in the next 2.5yrs.
So essentially we agree.