Not like there used to be. A bull run today would be over 300k. Here’s why:
1.”Adoption” is never going to happen. As in usage, not sitting in an account. Please spare me the “this is just like the internet in 1995”. Most people that I run into mock Bitcoin. I don’t agree with them but my point is that the vast majority of people don’t know how compound interest works much less cryptocurrency. You’re never going to convince them to use this. Give me a number for current adoption. .005%? And think google says something like 15% which I do not believe. Sorry, just don’t see this going anywhere.
2. Store of value is where Bitcoin really shines. Light years ahead of the dollar, I’m a huge fan because of this. But at this point only about 60% of Bitcoin is owned by us plebs. The rest is owned by banks, governments, hedge funds, etc. They’re mostly going to be long term holders at this point.
3. Most people don’t know of or don’t think in sats. They figure it’s $90,000 and they can’t afford that. My point is, retail runs will be smaller. Unless it somehow catches fire again in the public imagination. Please prove me wrong. I’m a huge proponent of Bitcoin and blockchain technology. Please there’s no need to call me stupid or engage in ad hominem attacks. I’m just looking to have a conversation and get this communities opinion. Cheers!
submitted by /u/kundaliniredneck
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