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0 sats \ 3 replies \ @a OP 6 May 2022 \ parent \ on: Bitcoin Power Law at $35k -- are we entering crypto winter? bitcoin
If that's the answer, what is the question?
you ask it yourself, remember?
are we entering crypto winter?
and BTW, is not crypto, is just bitcoin. all the rest is noise
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I think the 1BTC=1BTC website misses the point, really. What we actually want to know is the fraction
BTC/people
not just 1BTC. Their argument about 1 USD =/= 1 USD should also apply to BTC as 1BTC 4 years ago bought much less than 1BTC now.
For example,
1BTC/people in 2032 will be worth more than 1BTC/people in 2022 because the number of people that use and have bitcoin will increase. That is the network effect.
It also ignores the cyclic nature of the bitcoin community, from BUIDL to HODL and back.
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know is the fraction BTC/people
Not everybody deserve BTC, dumb people will get what they fucking deserve HFSP.
how much BTC/person is meaningless.
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