Is diminishing returns a thing? I thought things might go more exponential as adoption comes.
Discussion
I believe diminishing returns is the narrative that is disproven this cycle. Corporate, institutional investor, and nation state adoption is a whole different time of capital allocation level and investment duration vs. retail. Whenever the supply shock comes, it should be dramatic.
We are only 6x from the bottom, We need >20x circa~ 320k to do that. It's certainly doable