I don't actually believe any of you are so ascendant as to not care about an increase in your purchasing power. Number go up = power go up. Be honest with yourself.
Discussion
Yep. Means a lot to me. An increase in my tangible purchasing power in the currency I spend with is absolutely worth celebrating 🙌
The price is the least interesting thing about Bitcoin, and inverse is true for the least interesting plebs.
That being said, there is no shame in jubilation!
I think some or most are quietly honest with themselves. 🙂 This reaction is almost seasonal so I think for those who've been around a while, they're used to it.
It's interesting, but I'm not really excited about it when there's still no real demand for block space going on right now. There really hasn't been an increase in people using Bitcoin, at least on chain. We where at what 11 sats/vB?
This feels like a mostly hype-driven and speculative pump. I don't hate it, but it doesn't feel backed by anything real.
Is it hype or flight to safety? Probably both. I think some people are running for the exit and others are following out of fear.
If one is serious about preserving wealth, the landscape is barren right now. Bonds are trash, the AI tech bubble is going to pop, the housing market is going to crash and the money printing is accelerating.
Seems logical to me imho
