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Replying to Avatar Brisket

I don't think that has to happen for $1M bitcoin.

It can happen if only a small fraction of the world's wealth decides that they want a non fiat based CDS on USD.

The severe pain that's coming is unavoidable but I believe it will take longer than 3 months to play out.

I like that as a Bitcoiner I don't have to hope for the collapse of the fiat system to be right. It's different to being a gold bug in that bitcoin can operate & integrate with the fiat system if they allow it. Bitcoin changes things but it doesn't require complete destruction of the old system first.

I agree that musing over the price of bitcoin is largely unproductive, even if it is entertaining.

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HOGL 2y ago

Agree with your sentiment here. Bitcoin is a way out. Hopefully it’s gradual enough to happen without chaos being a requirement.

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Brisket 2y ago

I am hopeful for the future.

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