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Yes, and precisely one of the main points I keep making with friends and family is that this is one of the very rare cases in which the common people have the opportunity to front run the incumbents. Unfortunately, almost nobody listens.

I've also been saying for the last five or six years that I was convinced that 2024-2028 was the last cycle in which these conditions would prevail, and that after this one, the Legacy System will co-opt BTC or at least find a way to stop the massive transfer of wealth and power to the plebs. It looks like I predict it correctly.

A bunch of us will have made it to the 1%, and the other will have to wait outside. It's the sad truth.

vinney...axkl 1y ago

If you want to have it both ways: in the medium term, some capital may flow to altcoins because of some temporary non-money feature they offer. But on the long horizon, whatever functions as the best available money wins, and as long as that actually is Bitcoin, then much of the capital locked up in "altcoin feature" will get reallocated to Bitcoin.

Having demonstrated a willingness to exit the legacy system once, that capital seems more likely to then move to Bitcoin.

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Discussion

Phil 1y ago

Agree with you. At much higher prices than current, which is the unfortunate part. But they will still be better off at that point, as is every person that adopts at any time (no matter how “late”).