Beti updates always feel like an Old Faithful-like metronome, pressure is always building.

Some BETI thoughts:

1. More mature ecosystem means more distribution of risk and less singular shocks like Gox, China bans, hacks, other exchange failures, et cetera. ETF is worst news we have right now and price is holding.
2. With less risk, we have less chance of dropping below BETI -1.0... maybe we are even at bottom already. $2500 Bitcoin seems to me would require a shock to the market that I am not seeing as possible with the vast numbers of exchanges, wallets, ownership pathways and China-like bans out in the open for major markets.
3. Shocks upward seem vastly more likely. There has been almost zero good news since futures were announced. Just moderate news that builds pressure (Venezuela, scaling improvements). So many more opportunities to shock up than down at this point. China ban being absorbed already.
4. Shorting bitcoin has been historically a bell weather short term and we are at an all time high for shorts... trying to cover your bitcoin short has to be the most painful thing these past 12 months. One of these short squeezes is going to launch the next bull run, as I see it.

I still think we are 10-15 years from mainstream use cases for bitcoin outside of speculation as an asset diversification. I firmly believe that 99% of the planet will NEVER own bitcoin themselves nor would they ever want to. However, none of those things have to happen for bitcoin to be worth $100k in two years. Bitcoin will be worth $100k simply because of its model as a store of value. Price stability likely happens sooner than we think, maybe within 4 years with growth driven thereafter only by mainstream use cases that come online. I do not believe we will see 1 million dollar bitcoin before 10 years, maybe 15-20. McAfee will have to eat his dick. most people on this forum will never keep their bitcoin long enough for it to reach a million. Bitcoins will be held 99.99 percent by institutions in 15 years. The public only owns derivatives.