> you'd be an idiot to not have a pile of BTC right now
I do agree with your overall take that there is a recent trend towards de-democratization of investment opportunities. The invention of the stock market was a huge deal because it massively moved the needle towards democratization.
BTC ain't it, however. Good luck proving the hypothesis that BTC is not tulips.
Personally, I see two major outcome sets. Either Russia "conquers the planet" or it doesn't. If it does, BTC is no longer any use to Russian-aligned oligarchs to bypass sanctions. If it doesn't, the West will eventually wisen up and hamper BTC transactions to the point that the alternatives win out.
Those are two likely crashpoints. There are 10000 possible others. Musical chairs always ends, it's just a matter of when.
I do agree with your overall take that there is a recent trend towards de-democratization of investment opportunities. The invention of the stock market was a huge deal because it massively moved the needle towards democratization.
BTC ain't it, however. Good luck proving the hypothesis that BTC is not tulips.
Personally, I see two major outcome sets. Either Russia "conquers the planet" or it doesn't. If it does, BTC is no longer any use to Russian-aligned oligarchs to bypass sanctions. If it doesn't, the West will eventually wisen up and hamper BTC transactions to the point that the alternatives win out.
Those are two likely crashpoints. There are 10000 possible others. Musical chairs always ends, it's just a matter of when.