What sane person wouldn't want life affordability to go parabolic over time?
Welcome to life on a #Bitcoin standard.
(Chart: Bitcoin in USD, priced in gold.)
Discussion
Do you think it's likely we are past the point of parabolic price moves?
With the intro of etfs and likely rehypothicated paper products, I think price is being artificially suppressed. The newer entrants into the space seem to just want price exposure and have no desire to own the underlying, which stops the increase in network effect that is critical for growth.
It wouldn't shock me if we cap out this cycle under 150k. I'd be sad, but not surprised
Maybe. But I would be surprised if we don't have another exponential move higher in 2025.
Tbh, I kind of hope that we don't have such a move, as exponential moves tend to turn even the staunchest HODLer into a potential trader. And trading bitcoin is generally counterproductive.