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i hate to say this but for the sake of society and a smooth transition I hope bitcoin does not moon yet.

we need the liquidity of banks to improve and more and more slow moving groups to transition to bitcoin but not all at once because of the fragility of the zero reserve system.

many people don't realize but there is not enough base money units in the fiat system and the transition to bitcoin has to happen slowly otherwise it will be the target of a larger amount of hate (even though hate still will come)

most of the "wealth" held in the current system does not exist and if everyone exits at once it collapses.

right now NO ONE except vaulted gold bugs and bitcoiners are liquid.

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Discussion

peterzander 2y ago

Don't they hate it so much yet?

Dance Party 2y ago

Well said. Bitcoin must make the most of time and pursue optimal growth along time to be our safest store of value and let society fully adopt it.

There's one thing though; I hope it will not be needed, but history teaches that great depressions and negative periods must be closed with a final burst that ends the momentum. I sincerely hope God will give us the grace, otherwise, for the amount of debt upon which this economy is founded, this "final burst" is set to be immense.