dikaios1517 on Nostr: They don't understand where Bitcoin is going if they think it is too expensive. If ...
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.
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.