Adoption is driven by NGU. You won’t convince me otherwise.
People are self-interested. Self-interest drives behavior.
Congrats if you have principles that are above reproach…most others don’t.
Discussion
Bitcoin changes you
Sure. I’m changed, too. But if my purchasing power doesn’t go up and I have to keep working within and for a system designed to suck out my soul vs. be free and sovereign then the theory doesn’t matter.
And all (or at least most) these dudes posting their bitcoin-enabled, sovereign lives are class 2017 or earlier.
NGU is critically important. Congrats if you can accomplish your dreams at this point … mine needs NGU.
It has gone up! What more do you need?!
It’s gone up more than any other asset. The sovereign part comes with running a node, taking Bitcoin off the exchange, not using ETF’s, and mining Bitcoin independently of others permission.
You don’t endure 80% drawdowns for 9% CAGR. Thats just bad risk management. I am expecting something much more aligned with prior cycles’ performance (which is where this tit for tat started). Somewhere around $250k/BTC, minimum.
I’m not trying to tit for tat
I’m just saying that if the real power of Bitcoin comes when you can start pricing services in the asset and you can use it without permission to buy items.
Until the fed changes the denominator (21M/♾️) and starts QE, we will just see more of the same. Don’t get overlevered or place bets about its price, that’s the real bad risk