The fiat mindset tends to be one of gambling and I get that too because people see the numbers they think oh you get shit rich and to be honest crypto holders don’t do themselevs any favoures by ticking off price points like why care if the dollar is hyperinflating against Bitcoin sure you’re vindicated for your conviction and that should be enough

I also have those asking me what’s the next cheap hot alt coin that’s going to 1000x and can they put in $1000 and walk away a millionaire and I’m like this is such a fatalistic way to look at thing.

Like how bad are things that you feel a million bucks in a short period of time is going to fix anything and even if it did happen I doubt that fixes your mindset of how to properly allocate capital

That’s why I’m not too concerned About crypto millionaires if they don’t have the right mindset they’ll lose it as quickly as it came

Anything that has a steady dilution rate can be used as price measurement. I still use gold as a measurement because it’s got a longer date range to compare and it shows you the truth

Even if it’s been euthanised along with silver via the paper markets. I am sure if there was every a call for proof of reserve the way we have with BTC gold would be in the 5-10k range at least