It’s obvious that as the boomer generation permanently fades out over the next 10 years or so, shit is going to hit the fan everywhere.
Number go up is a nice feature. But actually, even if Bitcoin forever stays at $92,255, whatever part of my net worth I have stored in it and in cold storage, is mine and my family’s forever. You can’t say the same for all your other assets, which will inevitably get turbo taxed or confiscated in war or economic collapse. Yes, that includes your Bitcoin ETFs. So you might go “oh perhaps I should get some”. You try to buy Bitcoin after going through degrading KYC exercises and your card rejects the transaction. You try to send $10k to Coinbase and your bank’s AML department would like a word with you. Soft capital controls are already everywhere, and the net is tightening. If you’re still fixated on Bitcoin price, you’re thinking about the wrong way. Stack sats like your life depends on it.
People seem to forget it’s a BTC trader tradition to be seasonally ultra bullish, followed by ultra bearish. Ie they’re just signaling their book as they trade to grow their stack, and there’s zero signal here. The signal will be when Bitcoin finally gets so scarce the market starts to steamroll these mfs with their annoying mind games one by one. image
KYC, AML, restrictions on how we move our money around and how much cash we are allowed to spend by mommy government are legitimately insane. How this generation ever managed to get so turbo cucked needs to be studied
If we were to pretend that we are in the future, looking back on today, we’d conclude that the behaviour of European bureaucrats, seemingly acting in complete disregard of the will of their own people, is the perfect intro to a violent revolution and retribution by the people.
By the early 22nd century, books about how the boomer generation killed western civilization, out of pure selfishness, apathy and virtue signaling, will form a genre of its own