Facts. I got this text from a friend last night: “Bitcoin is topping out. Hitting 25k, won't go much higher from here.“ I reminded him that the next halving is only about a year away. I don’t think he understands what that means.
Discussion
He probably doesn’t. How can you help him understand, if you’re so inclined?
I’ve tried. He’s made a lot of progress. He’s about ten years older than me and thinks like a tradfi investor. He had a massive pile of shitcoins sitting on overseas exchanges that I helped him rescue and convert to bitcoin before they started cutting off his access as a US resident. So he’s grateful for that, but he’s still listening to a lot of those chart guys. And of course, his comfort zone is still gold and silver.