JudgeHardcase on Nostr: Fair enough. I have very little opinion as to what the rate of global adoption might ...
Fair enough. I have very little opinion as to what the rate of global adoption might be. The best I've come up with is the assumption that March, 2020 and December, 2022 are as close to representing a price based only on adoption as I can get (because the vast majority of the speculative money had fled)... which - extrapolated from there (~63% annually) - would suggest a current *adoption rate only* price of about $48K.
Maybe ETFs, MSTR, etc has boosted this rate. or, maybe ETFs, MSTR, etc are what was necessary to sustain this rate. 🤷♂️ IMHO, that's anyone's guess. I'm just saying a drop to $70K, $60K, or even $50K in the next few months - while I see as unlikely - wouldn't exactly shock me.
Published at
2025-02-24 14:09:50Event JSON
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"content": "Fair enough. I have very little opinion as to what the rate of global adoption might be. The best I've come up with is the assumption that March, 2020 and December, 2022 are as close to representing a price based only on adoption as I can get (because the vast majority of the speculative money had fled)... which - extrapolated from there (~63% annually) - would suggest a current *adoption rate only* price of about $48K.\n\nMaybe ETFs, MSTR, etc has boosted this rate. or, maybe ETFs, MSTR, etc are what was necessary to sustain this rate. 🤷♂️ IMHO, that's anyone's guess. I'm just saying a drop to $70K, $60K, or even $50K in the next few months - while I see as unlikely - wouldn't exactly shock me.",
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