Its true many plebs were a little early but I did not expect them to so quickly usher in the current centralization/concentration period where they’ve been handing over all their coin to institutions and countries and companies— for paper money losing something like 10% of its value every year, no less.
There are major bladerunner monopolistic juggernaut capital vibes are in the air, and people are simply not smart enough to hold onto their stake in the future.
At least people will still get to benefit from bitcoin’s more level playing field but they will be starting from zero, instead of having a head start over the current architects of global economic misery.
Wild, this is not the path to bitcoinization I hoped for GM
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As institutional adoption increases, BTC's price in the near-term will begin acting more like an institutional asset... RE: risk on/off. It's a bad move in the long-term, but perhaps good for some in the short term.
"Wealth" as most people understand it, big house, Lambo, etc, is still priced in Fiat. Debts are still priced in Fiat.