I’m out for a bike ride and I realized something.
I think what’s coming for bitcoin is going to be a huge “bitcoin bubble”. Any company adopting the MicroStrategy playbook is going to skyrocket in share price.
I think next year or the year after, we see a blowoff top similar to 2017. Queue the next “Bitcoin is dead” articles. Bitcoin is still the innovation, like the internet was in the dotcom boom.
Exactly how I see it. We race up, and then crash back down to start rebuilding for the next cycle.
I've had the same thought. MSTR is a perpetual motion machine, which have a way of stopping suddenly and unexpectedly.
nostr:npub1pc57ls4rad5kvsp733suhzl2d4u9y7h4upt952a2pucnalc59teq33dmza received a nutzap of 615esats from nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs with note: You can just zap things ⚡️
JUST IMAGINE 1 MILLION DOLLAR BITCOIN FOLLOWED BY A 50-70% RE-TRACE??
I MEAN IF YOU ARE BUYING AT 1M CAUSE YOU BOUGHT INTO THE FOMO… I IMAGINE YOU ARE GOING TO THINK AWFULLY HARD ABOUT SELLING WHEN YOU ARE DOWN 30% LET ALONE 50-70!
HANG ON TIGHT AS THIS RIDE IS JUST GETTING STARTED
BTC at $1m per coin is a $20tn market cap. I might be naïve but you’re just not going to see 50-70% of that simply vanish. We would be talking about a retracement the size of the market cap of all gold today. I just don’t see it.
YEA-YOUR PROBABLY RIGHT…. IN FACT IT IS PROBABLY GOING TO BE CRAZIER IF IT ONLY EVER CORRECTS 10-30% AND THEN EVENTUALLY 1-10% ….
SHIT-IT COULD EVEN BOUNCE FROM ONE TO ANOTHER FOR AN INDEFINITE AMOUNT OF TIME BEFORE IT STARTS TO SHOW DIMINISHING RETURNS….
I MEAN-IF YOU THINK ON A MORE UNIVERSAL TYPE SCALE OF TIME - BITCOIN COULD BE (I THINK IS) THE DISCOVERY THAT ALLOWS HUMANITY TO PROGRESS TO THE NEXT LEVEL OF CONSCIOUSNESS OR CERTAINLY TYPE 2 ON THE KARDASHEV SCALE…
OF WHICH EITHER ARE A LONG TIME TO COME YET…. BITCOIN IS JUST THE FIRST STEP….
NOW WE FINALLY MAKE PROGRESS MINUS ANY “BLACK SWAN/CIVILIZATION ENDING” EVENTS
nostr:npub1pc57ls4rad5kvsp733suhzl2d4u9y7h4upt952a2pucnalc59teq33dmza received a nutzap of 42esats from nostr:npub1m26g0pdzj3rj3lzef3dzfc30u92je7jkvqak2shsugxe0w3a5pvsrf4rxh with note: HUMANS ROCK
That's really just another fiat bubble, but at least they'll have some Bitcoin to indirectly back it up. It's usually just leverage or bullshit.
