Oddbean new post about | logout
 Serious question - why?

I don’t agree at all. Not that I am not willing to wait for capital gains, but more that the ngu is so key to adoption, we need it, rather than a stable 60k ish for 5 years 
 Why not? Price does not equal adoption. That hasn't been the case for a while.  
 For me, if ngu wasn’t apparent, then adoption would be non-existent 

Price therefore absolutely equals adoption 
 Thought some more about this 

- money is a technology 
- different monies are competing with each other (gold, houses, usd etc)
- the more we see btc mkt cap rise, the more value it’s sucking in, and the larger market share it acquires
- price going up IS adoption
- equally, adoption means the price goes up 

🙏🏻