It’s time for a reality check in the #bitcoin community: the assumption that retail ...

npub1gr9…cuva

2024-08-26 05:17:57

It’s time for a reality check in the #bitcoin community: the assumption that retail investors will eventually flood in might be misguided.

I keep hearing that retail interest isn’t here yet—Google searches are low, and the excitement isn’t where we expected it to be. The belief is that retail will jump in soon, sparking the next bull market. But after a recent conversation with my son, I’m beginning to think we might need to reconsider this assumption.

(REPOSTING AND FOLLOWING HELPS MY MOTIVATION)

One major issue is that many potential investors still see #BITCOIN as too expensive and don’t realize that they can start by purchasing smaller units, like sats. As the price rises, particularly into six figures, this misconception could deter those already cautious about their finances.

In today’s economic environment, with household budgets tighter than ever, there’s less money available for investing—whether in bitcoin or anything else. If a significant financial event, like a #BlackSwan, occurs, the wealthy might bounce back, but the average person could be left struggling, unable to invest.

To address this, we should advocate for exchanges to present bitcoin in smaller denominations like sats. This simple change could make bitcoin more approachable for new investors.

Additionally, we need to improve how we communicate the benefits of bitcoin. Instead of focusing solely on financial experts, we should highlight diverse voices that resonate with younger audiences. Like #Permaculture, which emphasizes practical, sustainable solutions driven by communities, bitcoin’s message should focus on accessibility and practical value.

If we don’t adapt our approach, we risk missing out on retail interest entirely. Simply relying on price growth (NGU) won’t suffice. We need to engage, educate, and make bitcoin relatable to a broader audience.

#bitcoin #sats #asknostr

I suggested two things
1. Nostr classified (through a simple tagging system)
2. Target specific influencers en masse to bring them here.

Still waiting for some Volunteers from #AskNostr

Repost please.

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npub1gr92d5f2sg3jhx283d5vy527zxefuc0tfasx2hz5lkyf7evr6c8s6lcuva

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Published at

2024-08-26 05:17:57

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