1,460 days ago Bitcoin was $69,000

Today, 4 years later we are at $104,000

An $8,000 a year increase over 4 years is underwhelming. Adjusted for inflation - ouch!

Yes, we can apply girl math and measure post FTX collapse to the ATH (16k to 128k) but you and I both know that most retail folks ape into tops.

This is why Bitcoiners should apply man math. Measure from cycle top to cycle top.

2013 - 2017 = 20 x

2017 - 2021 = 3.5 x

2021 - TODAY = 1.5 x

Not going to lie - 6 fig Bitcoin is amazing! I’m here for it and I’m providing for my family in ways I could only dream. The Bitcoin thesis works for the plebs who put in the effort and DCA the highs and lows :)

Reality check:

…Median house price in my home country of Australia is $1,016,700 AUD ($661,000 USD).

In today’s Bitcoin value I need 660,000,000 SATS or 6.6 Bitcoin.

To buy a nicer house I need 1,320,000,000 sats or 13.2 Bitcoin.

*Many* (not you) old skool Bitcoin heads tell new kids on the block 1 Bitcoin will change their lives forever and they’ll retire in less than 10 years.

*Many* talking heads are claiming 0.21 or 21,000,000 sats will give them the house and the car and the early retirement!

If it takes 1,460 days to go from 69k to 100k (using man math) then the math ain’t mathing for the path to the promised land that many talking heads spruik.

Some food for thought 🍔 💭