Respectfully disagree
Bitcoin and crypto assets as an industry will continue to grow and gain worldwide mass adoption
This revolutionary monetary system has no finite deadline, nor expiration, though at times it may experience downturns due to global liquidity changes
I believe that by the end of this current decade, bitcoin will hit a price of $1M/btc, and there is a possibility it may happen by the end of this current epoch cycle (within 18 months as per previous cycles)
but alas I will not be here to be told should I be wrong... about continued adoption and growth, nor about the $1M prediction
I'll become an ET lurker when btc hits $100k/btc or by the end of this year 12/31/2024.... one or the other is going to occur
gla
You would need sovereign adoption but that is difficult as the vols are too high. Even a hint of it would drive it to $500K in a week. Adoption is self-defeating as it would become too volatile to manage in a central banking role.
I can cite Dec FOP vols here. They are 56% annualized (election backwardation vs fronts). Typical FX vols are in the single digits and countries still blow out their reserves.
You're a good dude but you're making the typical HODLer arguments. If I am wrong and we see $1MM in a decade then I won't be here as well (pills, bridge, etc.)
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