I Am Not Excited About Bitcoin's $100k Price. Here's the Why
Bitcoin recently surged to a price of $100,000 in fiat terms, and while this milestone is undeniably significant for many, I find myself unexcited. To me, Bitcoin is much more than its price tag in dollars or any other fiat currency. It's a peaceful revolution, a movement built on principles that go far beyond manipulation and control.
The Value of Bitcoin is Priceless
Bitcoin has no price. Its value, unlike that of any other currency in the world, does not reside in the governments, central banks, or speculation by markets. In fact, Bitcoin's intrinsic worth lies in its fundamental principles. Its value is not a thing to be captured solely by fiat numbers, but rather it's the price of freedom, decentralization, and individual sovereignty which Bitcoin offers to the user.
Bitcoin's Price in Fiat Terms Misses the Point
When people talk about Bitcoin reaching $100,000 or even higher in fiat terms, it misses the larger point: Bitcoin isn't just a way to make money; it's a solution to the inherent flaws in traditional monetary systems. And the real beauty of Bitcoin lies in its independence from any central forces: decentralized, borderless, and-most importantly-not manipulable by any single entity.
The Real Action: Bitcoin's Potential Above Fiat
For me, the excitement is not about seeing Bitcoin at new ATH in fiat but in the potential of a world where Bitcoin is truly a reliable store of value and medium of exchange, immune to inflationary pressures and political meddling. What if I told you, Bitcoin $100 million soon. But always remember that Bitcoin is priceless.
More Than Price
At its core, Bitcoin is the fairest form of money ever created. It operates without a founder, no central authority, and no pre-mine. It's a financial ecosystem where everyone has an equal opportunity to participate. It's a community-driven network where decisions are made through consensus and powered by the global collaboration of volunteers.
Why the $100k Mark Doesn't Stir Me
The excitement around Bitcoin’s fiat price may stem from a sense of speculation or a desire for financial gain, but these are not the reasons Bitcoin was created. The $100k price is an arbitrary figure that reflects market speculation, not Bitcoin’s true potential. I’ve always believed that Bitcoin is priceless, and valuable because of its ability to restore power to the people, not making everyone rich in fiat terms, but making people free.
The Force Is Strong
What really excites me is not a new ATH. But the fact that Bitcoin empowers people, and the elite are unhappy with it, but there's nothing they can do to stop it.