I get the point and don’t disagree but Fiat isn’t going anywhere in our lifetimes and probably longer than that. Conversion matters and that’s the game being played IMO.
Discussion
You asked a serious question and I was being silly.
The hash rate being so high is what is most confusing for me. If it was being manipulated, how could that be so high, unless the manipulation is to keep the price low?
Also it’s hilarious to me that 25k per bitcoin is normalized right now.
Fundamentals have never been better across the board. Liquidity is a little low but crab walking for such a long time means manipulation in some way.
I agree on the $25K price being normal. I’ve been here for many years and a few downturns. Not my first rodeo. I’ll say the same once $100K becomes the norm too:)
“Fiat isn’t going anywhere in our lifetimes”
Where did you read that?
I wrote it. It’s my opinion. And I also have heard Saylor say it many times as well.
😘
Haha, I don't see a future for paper gift certificates for gold, let alone gift certificates for someone else's debt.