This time is definitely different! And, i believe that Christmas 2024 will be the time of $100k, and the start of another rise. Or maybe the time of people actually using their bitcoin. So we have bitcoin moving like never before.
As you said, the dollar is not staying stable. We have gone from about 5% real inflation to 12% to about 25-50% depending on which asset. (and then, the crack up boom is coming)
So, the power curve, how much of it is measuring dollar go down, and how much bitcoin go up?
Of course there is a top, "all the money in the world", but i feel that long before then, no one will trade into fiat. When will that point be?
So, the S curve will be in play, but when will that start?
End of this year, start of next may see actual bitcoin adoption. Where, we stop speculating on a new technology, and start using the new technology. And that will change everything.
However, i may be too optimistic (time wise)
In order for me to really say bitcoin is being adopted. Price will be over 1 million, and we will hear of nations settling debts using bitcoin.
It is all coming, but it is so hard for me to put it on a timeline. It should happen now!… maybe next cycle? But i don't know if America has another 4 years. Biden wins with 125% of the vote, while 200% of Americans voted, and then we start going sideways at $70k bitcoin?
RE: Power Law