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Gold has almost zero merchant/POS level adoption for transacting on a daily basis and yet has a market cap of over $21 trillion. Bitcoin will probably end up in a similar place.

But I believe that mass crypto adoption requires fiat currencies to get unmasked for what they are. And that isn’t here yet.. Persist even if Bitcoin hits $18000 / $1800 , it’s going to take a while but we’re going to get there.

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Discussion

🇵🇸 whoever loves Digit 9mo ago

Actually, gold and Bitcoin will both continue to have increased merchant/PoS level adoption because oil-backed currency is volatile af

athul 5mo ago

I hope so but oil backed currency is still controllable and those that do won’t yield silently.

When the world shifts from income tax to transactional taxes, the blockchain system will erode conventional structures. But don’t count out the corrupt and evil out yet.

🇵🇸 whoever loves Digit 5mo ago

I look forward to that tax shift in and of itself, do you?

athul 5mo ago

I think anyone who is on primal at this stage inadvertently is. I’m just saying I don’t expect a silent implosion of the current system. It will be the opposite, but it may take years.

🇵🇸 whoever loves Digit 5mo ago

Hell yeah 👍