Yeah relative to past cycles (which I wasn’t in Bitcoin for) but still insane relative to everything else.
I still think the biggest candles are ahead when Bitcoin goes through the steep portion of S curve adoption.
Discussion
People are comparing it to 2015. I like to think that the full cycle is 3 years of boring and 1 year of excitement.
I’m also expecting an s-curve where one of these upcoming cycles accelerates above prior trends. It feels like we’re approaching that day as global debt levels rise, dedollarization gains momentum, etc.
Until then, we have an opportunity to get cheap sats from bored people who don’t play the long game.
Fully agree, feels like the inflection point is very near with major institutions showing real interest, sovereigns fiats failing, serious global inflation, insurmountable nation state debt levels, sovereigns starting to get into mining and the overall resilience of the Network.
Absolutely thankful for 2022 and thus far 2023 as someone who got here in late 2019. The fear I’d never get enough bitcoin was serious in 2021. Still feel early-ish though.