From the normies POV, #Bitcoin took 4 years to not even achieve 2x gains.
The "dream" is dead to everyone who casually checks in on the Bitcoin trade.
Discussion
hearing this a lot from normie friends who bought at $50k in 2021 and are seeing only $100k in 2025 or 2x
their points back to me is nvidia, gold, palantir has protected their purchasing power better than btc since then
you can be mad about it and tell them they don't understand the true value proposition, say things like time preference, etc... but i don't think that will help
need nGu in the next year or less individuals will want btc
Normies have the fiat virus infection. You don't save money for "gains".
"200% is better than most investments"
Normies don't look at it that way. They were sold on 10x and now see that #Bitcoin underperformed by 800%.
Long view holders only from here on out. Likely institutional only.