To be clear I fully understand where you are coming from there was a time when I would of been of the same opinion .To come to my position I had to 1.be convinced that the present financial system is dying(could take decades to die) 2. convinced BTC has the potential to be a workable alternative 3. Want as much financial autonomy as possible I also do not rule out a major crash in BTC price at some time perhaps this year will it be 80% again no one knows . A world wide recession/depression would cause speculative money to exit fast, FOMO leads to FOLIA (fear of losing it all) . What proportion is speculative it depends on your definition of speculative . Glassnode more or less implies that coins purchased less than 3 months ago and not held on an exchange are speculative but there are problems with this worth a small post on its own. I am of the belief that the market has changed during 2021 as instos and individuals with long term views have entered the market . To counter the speculation the USA SEC has allowed a futures market ETF but not the usual spot market one . Will this act like a sea anchor on the price who knows does it matter.
By accident I seem to have adopted a version Andrew Carnagies philosophy for becoming wealthy which was put all your money in one place and watch it closely. It has not made me what most people call wealthy probaley because I only ever put a small amount into it .Yet it is now a significant part of my worldly wealth Will it go up again eventually yes I believe so will it be in my life time maybe
