Donāt use girl math!
Those 50-100% CAGR numbers the podcasters spruik are currently not happening.
Use man math - strong math - recent math!
Iām sick of Bitcoiners talking about ābest asset of the decadeā!
āBest asset of the last 15 yearsā!
The days of 0.001Ā¢ to $1,000 are over!
Hell, even the days of $1,000 to $20,000 in 4 years are over (20 x in one cycle).
Live in the now man!
> The days of 0.001Ā¢ to $1,000 are over!
Disagree. Weāre just crossing a wide chasm.
Price is psychology. $100k is the hardest psychological hurdle. Humans are not generally good at very large and very small numbers (decimals).
At $1M per whole coin, a sat costs $0.01. Weāll do a one time 1:100,000,000 split, keeping the BTC ticker.
Exchanges are disincentivized to make this change. They benefit from āexpensiveā Bitcoin since it gives people hope to day-trade in the shitcoin casino. At $1M per whole coin, the split will be undeniable.
Once we price in sats, everyoneās interests are aligned. We go from $0.01 to $0.02 overnight. It will be the return of volatility. The real FOMO moon pump begins.
Iām here for 1 million dollar BTC.
Donāt forget that $69,400 Bitcoin was 1,523 days ago.
A roughly 30% gain from last cycles top.
If Bitcoin canāt even double from last cycles ATH with more tail winds than Satoshi could ever have dreamed of, million dollar corn is while off.
Check the below ATH to ATH from cycle to cycle numbers:
2009 - 2013 - 3,000x
2013 - 2017 - 20x
2017 - 2021 - 3.5x
2021 - 2026 (now) 1.32x
Diminishing returns are undeniableā¦
