𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗜𝘀 𝗚𝗼𝗶𝗻𝗴 𝗨𝗽 𝗙𝗼𝗿𝗲𝘃𝗲𝗿

No, really. 𝘍𝘰𝘳𝘦𝘷𝘦𝘳.

You may have heard that #Bitcoin's price is “𝘨𝘰𝘪𝘯𝘨 𝘶𝘱 𝘧𝘰𝘳𝘦𝘷𝘦𝘳, 𝘓𝘢𝘶𝘳𝘢.” But how? And who is Laura?

This quote from nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m became a meme after his interview with Laura Shin, a journalist and host of the Unchained Crypto podcast, in early 2021.

https://m.primal.net/HSvt.mp4

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝗽𝗼𝘄𝗲𝗿 𝗴𝗼 𝘂𝗽 𝙛𝙤𝙧𝙚𝙫𝙚𝙧?

Here are a few reasons:

Bitcoin is an idea that has spread too far and wide to 𝘦𝘷𝘦𝘳 be shut down. The only way Bitcoin dies is if humanity suddenly goes extinct. So, for all intents and purposes, 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗶𝗹𝗹 𝗹𝗶𝘃𝗲 𝗼𝗻 𝗳𝗼𝗿𝗲𝘃𝗲𝗿.

There will never be more than 21 million bitcoin, and every halving and new hodler makes it scarcer.

The value of 𝘩𝘶𝘯𝘥𝘳𝘦𝘥𝘴 𝘰𝘧 𝘵𝘳𝘪𝘭𝘭𝘪𝘰𝘯𝘴 of dollars are being stored in inferior assets like gold, stocks, and real estate. As everything else fails, it will all flow into Bitcoin.

But what about after that? Post hyperbitcoinization, won’t Bitcoin’s price go flat?

No. 𝗣𝗲𝗼𝗽𝗹𝗲 𝘄𝗶𝗹𝗹 𝘀𝘁𝗶𝗹𝗹 𝗯𝘂𝗶𝗹𝗱, 𝘀𝗼𝗹𝘃𝗲 𝗽𝗿𝗼𝗯𝗹𝗲𝗺𝘀, 𝗮𝗻𝗱 𝗰𝗿𝗲𝗮𝘁𝗲 𝘃𝗮𝗹𝘂𝗲. Technology and production push costs down, so the currency's relative value rises.

𝘛𝘩𝘪𝘴 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘢𝘴 𝘭𝘰𝘯𝘨 𝘢𝘴 𝘩𝘶𝘮𝘢𝘯𝘪𝘵𝘺 𝘦𝘹𝘪𝘴𝘵𝘴.

Then how can Bitcoin ever become the dominant world currency if its value keeps rising? 𝘞𝘰𝘶𝘭𝘥𝘯’𝘵 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘴𝘢𝘷𝘦 𝘪𝘵 𝘢𝘯𝘥 𝘯𝘦𝘷𝘦𝘳 𝘴𝘱𝘦𝘯𝘥 𝘪𝘵?

That’s a discussion for another time. For now, just keep hodling, and remember:

"𝗜𝘁'𝘀 𝗴𝗼𝗶𝗻𝗴 𝘂𝗽 𝗳𝗼𝗿𝗲𝘃𝗲𝗿, 𝗟𝗮𝘂𝗿𝗮. 𝙁𝙤𝙧𝙚𝙫𝙚𝙧!"