What's the latest/best thoughts on transaction fees covering the security of Bitcoin long term? We have a decent number of people transacting these days and still this doesn't seem like it's gonna cut it.
Now remains one of the easiest times to be long bitcoin. GBTC outflows are limited while spot ETF inflows are unlimited and slowly coming online from FAs and portfolio managers.
Add in the impending halvening and the supply/demand dynamic is very straightforward for the next few months.
Gold is a flexible supply asset. Bitcoin is fixed supply.
Gold can act as savings. But investment is still separate.
Bitcoin, by virtue of having a fixed supply, replaces savings *and* much of investment.
With bitcoin, there would still be equity investment but it would be a small industry with participants willing to stomach risk rather than a massive game than everyone has to play.