-Bitcoin has grown to a gigantic half trillion dollar network.
-Bitcoin is still ONLY worth a half trillion dollars.
Sorry to arrogantly quote myself. But that right there is the thing.
I don't think we understand how rare this is (it's just my gut).
If Bitcoin is to be a success it will have to reach escape velocity. -
IT HAS.If Bitcoin is to be a success it will be worth at LEAST a significant fraction of gold to a multiple of gold. -
IT IS NOT.It is currently the least likely to fail as it ever has been. And yet is only worth a tiny fraction of what it should/could be if it's not going to fail.
It's like some sort of financial eclipse. But the kind that only happens once in the history of the world as opposed to every thousand years or something.
It will make kangs.
Gentlemen.