Any positive angle, or we’re cooked?
Discussion
In terms of fiat-denominated price, I am very bullish long-term.
"never cheap enough to trigger a self-custody revolt, never euphoric enough to create escape velocity"
Governments love Bitcoin now (paper BTC) and need it to go up in an orderly manner.
When you see mainstream financial media marketing "the debasement trade" (gold, Bitcoin), it tells you everything you need to know about how 'scared' governments are of Bitcoin's MoE potential at present.
Thanks and great note btw. It’s a bit technical though, might make sense to do a “normie version” for the wider audience.
Just transferring notes from localhost, not trying to become a Bitcoin influencer and start a treasury company.
Plus, normies don't want nuance, they want definitive statements (e.g. Bitcoin is going to $100 million by 2030) - just look at podcast view numbers (clickbait = high views, nuance = low views).
> not trying to become a Bitcoin influencer and start a treasury company.
😂 fair enough
What do you mean by "never cheap enough to trigger a self-custody revolt"? Thanks
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