Your math isn’t wrong, your premise is.
All of this assumes fiat is the thing we should be measuring against. But fiat is a rotten system by design.
Judging Bitcoin by how well it performs inside th...
Why would you not use USD to measure the value of your Bitcoin?
I think we all know that fiat is rotten, blah blah Bitcoin Standard, Zeitgeist, Bitcoin podcasts 101. We get it. I get it. Central banking bad / fiat ponzi - a well worn path in Bitcoin.
NOT using USD to measure Bitcoins performance is like buying a sports car and not caring about horsepower.
6-7 years ago the narrative was ‘hold BTC for a year and do well’
4-5 years ago it changed to ‘hold BTC for 1 cycle and do really well financially’
Now it’s hold for decades and do ok maybe???
How the narratives change!
I think we all know that fiat is rotten, blah blah Bitcoin Standard, Zeitgeist, Bitcoin podcasts 101. We get it. I get it. Central banking bad / fiat ponzi - a well worn path in Bitcoin.
NOT using USD to measure Bitcoins performance is like buying a sports car and not caring about horsepower.
6-7 years ago the narrative was ‘hold BTC for a year and do well’
4-5 years ago it changed to ‘hold BTC for 1 cycle and do really well financially’
Now it’s hold for decades and do ok maybe???
How the narratives change!