Spent some time with family member this weekend for the holiday. He’s had interest before in bitcoin, but unfortunately was part of the BlockFi mess so has been hesitant since then. We talked about bitcoin a good bit this weekend.
He said he’d consider putting $30k into bitcoin if it dropped “into the 70s” again. But said he’s more likely to buy Eth. I explored this and it’s completely the unit bias thing. Said “what if Eth catches up to Bitcoin and is 20x from here”. I explained market caps, different addressable markets, Eth’s vulnerability to better tech plays, etc.
No luck—this is what we’re up against.
