they say #bitcoin has no intrinsic value. because it does not produce a cash flow
all it can do is re engineer, a 100x better, the monetary layer of humanity. the layer which is the life blood of all value that has been created
by communication and cooperation
making this better makes humanity better at this. much better i think. then the intrinsic value of everything goes up
and cash flow becomes bitcoin flow
they say
I used to think that we would see diminishing returns over successive halving cycles, but can no longer hold that view. What we will see is diminishing volatility.
If adoption follows the s-curve, which we have strong reason to believe it will, we are - in terms of total world wealth - barely at the beginning. Easily below 1%. (1.3T of 900T)
Similar to all the shitcoins which clearly show exponential decay when priced in #bitcoin, the price of bitcoin should show decay in *volatility* while finding the underlying s-curve.
At sub 1%, the s-curve has barely started its exponential trajectory.
Diminishing returns will occur only after the halfway mark of adoption.
As #JeffBooth so clearly explains, the 900T of world wealth will easily be twice that in a while, due to the unstoppable debasement of all fiat. It won’t stop there.
Bitcoin will gain as a function of both depreciating fiat, and increase in demand and adoption along the s-curve.
I have no frame of reference to guess what this will look like, anon. Do you?