The 1-2% #bitcoin adoption number never really made sense to me… allegedly 75-150 million people adopted some type of bitcoin strategy, a large portion of them would have been involved before 2020… so the claim is something like what 25-50+ million people were buying bitcoin when the price was between $1000-7000usd and each person couldn’t afford half a coin? I consider adoption those who use bitcoin as a savings tool, not speculative traders. I mean think about it, 150 million people buying $100 per week would be $15,000,000,000 in purchasing power or 60B per month. When we hit 1-2% adoption of Bitcoin as a savings strategy, the price surely has to go beyond being able to buy it for fiat. 150 million people and 21,000,000 coins… adoption of Bitcoin as a savings strategy is probably like 0.01%. The Bitcoin “OGs” hate to say it, but the math tells us we are much earlier in the adoption stage than people think. I would suggest this is a good thing on all fronts. Stay humble, stack sats. 🫡
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