Thanks mate. Use your time to study how it works. Once you realize that bitcoin is simply a math equation with the following hard coded disinflationary parameters, you’ll understand:
There will only ever be 21 million of them. There are currently 18,406,025. But in 10 minutes, there will be 6.25 more. At the beginning, 50 new ones were mined every ten minutes. Approximately every 4 years, the number mined every 10 minutes gets cut in half. As of the last halving, only 6.25 new bitcoins are mined every 10 minutes. The next halving will be approximately 10 May 2024.
Between now and that day, the price will rise exponentially to approximately $100,000 each, then probably drop back and settle between $30 and $40,000 each (just like 2013-2014 AND 2017-2018).
It’s just a math equation. The math super cèdes all the drama and all the opinions. You can’t have an opinion about math.
There is huge investment, both in the asset, and in the industry around the asset. A few million people have a large stake in this continuing, so the math will just continue to pan out. Most people use it as a store of value. Very few use it to spend, for the same reason people don’t go shopping with gold ingots.
Math doesn’t care about your opinion.
Look at that “don’t look back” chart again and ask yourself why you don’t own that chart. That is a big pile of money that ain’t gonna be yours if you keep whistling past it, trying to be “right”.
Math is “right”. You can’t argue with it.
Goid luck with whatever you think is better than the greatest invention of the 21st century so far: the blockchain.
