JamGosBTC on Nostr: There's a couple of things I'm curious to see more with this cycle. The first is that ...
There's a couple of things I'm curious to see more with this cycle. The first is that although we're at another halving, most of the supply has already been issued, so I'm curious to see how the demand is the dominant factor in price appreciation going forward.
The other thing I'm kind of curious about, particularly since the approval of the US ETFs (noting of course we've had them in Canada a few years now) is how the broader narrative around Bitcoin switches from where it's viewed as largely a joke, scam, etc, to a point where most people no longer simply write it off as a passing fad or scam. I've seen this in a number of people I know that got into it in the past couple of years. One friend in particular told that me for a long time that he hated Bitcoin because he viewed it as eating into his other investments (particularly gold). He's since come around on it in a big way. I've also noticed another example of this wider acceptance - I was on another social media platform recently and saw an ad by TD for Bitcoin ETFs. I often, out of a bit of masochism, like to look at the comments because I get a kick out of how many times I see words like "tulips" or "Ponzi" - for me it's like a mental drinking game in a twisted sort of way. Even a year or two ago the comments in Bitcoin articles/ads would be littered with that sentiment. In the comments section of the particular recent ad I saw, these sorts of comments were few and far between - in fact many were constructive and some advocated for things like self-custody instead. In a lot of ways, these acceptance examples mirrors my own personal journey (although lucky for me, the personal acceptance happened a lot quicker). I really like your comment that the journey requires curiosity and humility. For me, I've always tried to be intellectually honest (definitely not always easy!), and that's really what this learning journey requires a lot of. This is a behavior that I try my best to model with others.
Thanks for your thoughts, Scott!
The other thing I'm kind of curious about, particularly since the approval of the US ETFs (noting of course we've had them in Canada a few years now) is how the broader narrative around Bitcoin switches from where it's viewed as largely a joke, scam, etc, to a point where most people no longer simply write it off as a passing fad or scam. I've seen this in a number of people I know that got into it in the past couple of years. One friend in particular told that me for a long time that he hated Bitcoin because he viewed it as eating into his other investments (particularly gold). He's since come around on it in a big way. I've also noticed another example of this wider acceptance - I was on another social media platform recently and saw an ad by TD for Bitcoin ETFs. I often, out of a bit of masochism, like to look at the comments because I get a kick out of how many times I see words like "tulips" or "Ponzi" - for me it's like a mental drinking game in a twisted sort of way. Even a year or two ago the comments in Bitcoin articles/ads would be littered with that sentiment. In the comments section of the particular recent ad I saw, these sorts of comments were few and far between - in fact many were constructive and some advocated for things like self-custody instead. In a lot of ways, these acceptance examples mirrors my own personal journey (although lucky for me, the personal acceptance happened a lot quicker). I really like your comment that the journey requires curiosity and humility. For me, I've always tried to be intellectually honest (definitely not always easy!), and that's really what this learning journey requires a lot of. This is a behavior that I try my best to model with others.
Thanks for your thoughts, Scott!