When orange pillers parrot that not every millionaire can even own 1 btc, that is the understatement of the year. As if only individuals are competing for the same fixed pie. Institutions, governments, corporations, universities, billionaires, etc are all competing. Orange pillers are falling for recency bias and lacking the foresight to understand the true scarcity implications of the fixed cap. There is a lot of capital out there and they will keep printing more of it. No one is bullish enough, including me. The ops affect me with their bearishness, it’s hard not to.
Discussion
Most of the world doesn’t even realize there is a game of musical chairs even going on. There is still a vast amount of information asymmetry in the market. But the education is getting better everyday and eventually everyone with wealth to protect will figure this out. It’s that or lose their purchasing power. Humans are highly adaptable.