Some might argue that its too late now to orange-pill people, cause bitcoin is too expensive now (100k).
Is the era of orange-pilling people coming to an end? since its no longer the same price opportunity?
#asknostr #bitcoin #grownostr
Discussion
After 6000 years people are still buying Gold.
We are still early.
So very, very early.....😉
They don't understand where Bitcoin is going if they think it is too expensive. If Bitcoin is going to be the opposite side of virtually every economic exchange in the future, then it will replace the current total M2 money supply and be at least as valuable, at $83 trillion in today's dollars, which would be more than 40x from here.
Solid arguments can be made that it will also demonetize other assets, such as real-estate, gold, and other assets folks hold as a store of value, and for no other major reason. This would mean siphoning away the monetary premium these assets currently possess, so that their value only reflects their demand for other use-cases. I absolutely believe this will happen to varying degrees based on each individual asset. How high Bitcoin could go in dollar-denominated terms with this taken into consideration is beyond me. 100x from here or more is certainly within the realm of possibility.
The thing is, that ain't going to happen in one bull-run. Most folks out there aren't looking for something to hodl for 10, 20, or 30 years. They are looking for something that will make them rich in a few months to a year at most. So they fall into the false promises of the shitcoins, which invariably leave them rekt when they are caught holding the bag.
Orange-pilling, then, is getting them to care more about the mission of fixing the money than about short-term price appreciation.
The problem is that all of that is still a maybe, and the price has increased considerably. Its not the same to orange pill people now as to when it was 20k.
It has always been a maybe, and people thought they had missed the boat at $20k and Bitcoin was "too expensive" just like they now do at $100k. They have no idea how small a $2T market cap really is in the grand scheme of things.
When banks are shilling Bitcoin and saying it needs to be a part of every savings account... THEN will I believe we're almost too late.