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Wealth is not a number in an app, it’s the stuff that number can buy.
Giving everyone bigger numbers doesn’t increase the amount of stuff in the world.
It’s literally impossible for everyone to get rich speculating on bitcoin, but most people don’t understand basic economics.
Can someone graph the correlation between Bitcoin advertisements and Bitcoin coverage on @CNBC ?
Bitcoin is shifting from meme investors to people interested in the technology and sound money.
Technology that nobody uses?
Sound money that nobody accepts?
@CNBC Stop giving these clowns air time. Bitcoin will never succeed as long as price is in the headline.
On-chain analysts don’t know how to extract signal out of noise because the blockchain in filled with fraud.
People immediately discredit themselves when they use crypto price increases as a proxy for adoption and success.
Crypto is BETTER without speculation. It is more likely to be successful the more gamblers get wiped out — maybe it CAN’T be successful UNTIL they are wiped out.