I'm feeling a tad disappointed in bitcoin's recent performance. It doesn't seem to be performing as well as expected. The likelihood of it hitting $250k this year is looking less and less. It takes more and more fiat to shift the price and the fiat just isn't there. People are locked into pension plans that they can't get out of.
Discussion
Doesn't take so much fiat to shift the price of doggie coin
Especially since it's easier for normies to convert that fiat to doggie coin without being sidetracked by lightning, custody platforms, etc.
I’m not one for the price predictions. I know what btc is, and I just let it do its thing. As if i could influence its price anyways.
We kicked off 2024 st 45k, currently at 107k, but thats measuring in the inflation system. best thing about btc is its outside. every sat is immune to debasement. that’s the game changer.
even if hyperbitcoinization happened, and market cap was 450T, each coin 40-50m, the question remains:
What do we do with the money we want to save?
good, stocks, bonds, cash, shitcoins?
btc is still the optimal strat even after full adoption
Genuine Bitcoin adoption > Bitcoin rehypothecation = Bitcoin overpowering the status quo.
And vice versa.