And because everyone who already has the asset is FOMOing as well, no one is selling, which means the trillions of dollars pumped into the market can increase the market cap of crypto by hundreds of trillions (because no supply left but huge demand).
I wan to see that.
Be on the lookout for tokens with elasticity that can try to absorb some of this volatility. Hopefully I'll build my own. No promises.
I want to see that too.
Watch what happens when Apple and Google FOMO into crypto just as hard as Michael Saylor did. Watch what happens when governments and central banks do the same thing, within the exact same bubble. It's gonna bubble, then bubble again, then bubble again. That's the real DOT COM moment.
That's when plebs will say I wish I bought some at $50k.
Go talk to 100 people, ask them about crypto and how involved they are. Most still think it is a scam (especially during scam season aka bull markets that just turned bearish)
On the contrary, I'm amazed to see how many around me know about crypto and see its value. I thought I was a rare case around here, but I'm not...
Crypto is going to start offering real jobs. Jobs that pay more and offer more benefits than corporate jobs.
Otherwise, we're gonna be spinning in the same web2 bullshit loop for many years ahead.
Doubling curve says Bitcoin should be worth $3.3M a coin. x1000 that. $3.3 BILLION dollars for a single Bitcoin. This is how absurd the valuations can get when every institution in the world is capitulating into a system they don't control.
I want to see that too.
Alright cool. So they've secured crypto themselves and owned their own keys?
That's the bare minimum standard required.
By your own description it's very hard to tell, and that alone is alarming and validates the echo chamber.