As we enter a new bull market price is being talked about by the press and bitcoin influencers. What comes along with this phase in the bitcoin cycle is talk about the volatility of bitcoin price. First off, let me be clear. When I talk about price here, I'm really talking about purchasing power. Many that talk about price are planning to cash out into fiat. Its the biggest IQ test in history. Anyway, back to the topic.

I've talked to many people about bitcoin and they like what they hear mostly. They are concerned about volatility though. I usually explain this to them in this way. Imagine there was a new element discovered by humanity. As people learned about what they can do with it they would adjust their thinking on what it is worth. Price after all is a measure of many individual's personal opinion on the value of something. Most people value bitcoin at 0. The vast majority of humanity has no clue what it is, why it was created, and what problems it solves. So with all of that in mind of course its price in fiat terms is volatile. That is different from its value. Its value is still being discovered.

I believe that even the majority of people that have acquired some bitcoin do not really get it. I don't think they value it at its true value. At least they don't value it as I do. Why do I believe this? Because they sell it. That's it. They trade bitcoin. They are short bitcoin as they say.

So, you might be wondering why would any of this make me bullish. Well, I'm bullish because anyone can do their home work just as I did. They can go down the rabbit hole and teach themselves about bitcoin. It can change their lives if they do the work. If they do the proof of work. If they don't they will not be able to hold when market price drops as it will over and over again.

I'm also bullish because bitcoin rewards those that do the work and punishes the arrogant and lazy. We see this when tradfi bros talk about it. We see this when the respectable experts talk about bitcoin. Over and over again they demonstrate their ignorance. They show how they are simply pimping the existing system and do not look at things with a clear mind. The demonstrate that they haven't even spent 8 hours to study it. Or even 15 minutes to read the white paper. And these are people that are paid to talk about financial topics.

So, wen hyperbitcoinization? If you believe the world will some day see the light and become self-sovereign I think you are kidding yourself. If you think people will wake up one day and value liberty and freedom you are setting yourself up for disappointment. It isn't going to happen. The beautiful thing is that this doesn't need to happen. Most people do not think. That might seem mean or cruel but if you observe people as I do you will find it is true. Sure, many people do think. Some even think really deeply and throughout their whole life. But most only think about today and what they want to do to put food in their mouths and be happy. This isn't new. It isn't going to change. It doesn't have to change. These people are followers. They will follow the leader. They won't "adopt" bitcoin but they will live in a world where it has become the dominate monetary force. They will do what others tell them to do. And as the thinkers realize what bitcoin truly is. How it works. They will be overcome with a fear of missing out. FOMO is a real thing. We see it in every bull market. These are the "bitcoiners" I describe that do not get it. They just see a number going up and don't want to miss out. Over time they will learn. They will learn or be destroyed financially.

So bitcoin wins. Pain is the greatest teacher and every bull and bear market bitcoin causes pain. Its pain that you sold or pain because you didn't get it sooner. Bitcoin is a teacher if you are willing to learn. If you are not it will make you pay.