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Bitcoiners becoming more wealthy and thus acquiring more power in the legacy system is important.
Rich in the ways that matter in the current world.
In what way?
To be rich in USD and be left out of the rise?
Everyone talks like they are taking profit, but a majority of the bitcoiners are holding, not cashing out.
In what way?
You don’t see rich people in USD having a lot of influence?
I’m not talking about selling, I’m simply talking about influence. You’re still rich in USD terms even if you don’t sell. Also, even if you’d sell, doesn’t mean you need to sell all of it.
The only reason people look to MSTR is because the price went up. That matters. They don’t need to sell for this effect.
Rich people do have influence, I am not saying they dont.
I think the power structure will be changing soon.
So bitcoin price in USD terms matters or not?
It only matters if you sell your bitcoin for USD.
If you are still holding it in bitcoin, its bitcoin.
Rich people also don’t hold cash, they also have their net worth in assets. I see no difference.
You dont see the difference?
If USD was so good, wouldnt they hold it in that?
They hold it in assets because USD isnt worth holding.
this 👌
Nah, go read my shit
https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter
...or Frank Corva s newer spin on it
https://bitcoinmagazine.com/takes/bitcoins-price-does-matter-a-lot
I'm rich in how many tacos my sats can buy.
But what kind of tacos??
Tasty ones.
Baja fish tacos!!
Rich in what way?
Fiat?
shake my head, you are still learning.