If you have been in bitcoin for a while, but you are relatively young, and you feel disappointed with the size of your stash, you would still be way ahead of the vast majority of the worlds population because ONLY a small number of people both know about bitcoin and have taken measures to stack sats, and as I have frequently stated, in traditional circles, there have been a lot of people who had spent 30 years or more trying to accumulate wealth and some more successful than others, and if you end up being able to increase the chances that you will be successful by investing in sound money (surely referring to bitcoin here) and even to significantly cut down the timeline (maybe even cutting in half) to become richie or able to live off your investments, then you would be way ahead of a lot of people
a bit ago, just after btc had hit 35k or so i think, i talked to my main financial guy whom i hadnt spoken with for a while, maybe 6+ months or so. 1st words outta her mouth were "congrats on your bitcoin call!" she was truly impressed. said more clients are asking them about btc and theyre slowly learning it. said its still a hard thing to grasp from the olde skoole point of view but once traditional finance peeps get more involved it should get interesting. of course their clients dont want the trouble of holding and using btc itself. just as an investment thing. so 3rd party all the way.
but maybe some will truly understand and actually buy the btc instead of some eft or whatever thing that is offered.
Maybe I don't really understand how things work very well, because it seems to me that financial advisors are partially motivated by assets that have some kind of financial vehicle rather than buying the asset directly - and part of the motivation is being able to charge fees, but another motivation is having some kind of comfort level over how the asset is being held and whether it is insured....so the custody and insurance vehicles in bitcoin have ONLY recently being developed, which thereafter allow for the creation of financial vehicles, and those custody and insurance vehicles are fairly recent and still likely quite immature.. but likely some financial advisors are figuring various avenues into BTC besides GBTC (which surely has been a legitimate BTC financial vehicle but did likely suffer
(if that's the right word?) somewhat from being one of the ONLY games in town for a while).
I think that my main point in the quote that you took from me was a bit different from the point that you were making, vapourminer, which is that regular individuals have had an ability to access BTC for several years, probably 7 plus years without having to jump through too many hoops - and even 7 years later, if you already have established a BTC accumulating system for yourself, you are likely quite a ways ahead of even the vast majority of the population, even if it takes you 7 years from here to dollar cost average into BTC and you end up having to pay an average of 100x higher prices than some of us who had started 7 years ago-ish.
But just consider if you are a fairly newbie to bitcoin and new to investing, if you are in your mid 20s or even early 30s, and you establish a decent position in bitcoin over the next 7 years or so, you could be in a way better place than many people who delay investing or take 30 to 40 years to establish an investment portfolio that might ultimately rise to the level of mediocre (consider someone who is in their 60s who might have $200k to $500k in their 401k - and maybe that is relatively well compared to the vast majority), but if you had been investing in bitcoin for 7-10 years or even 15 years, you may well have decent chances of still being ways ahead of where you would have been absent bitcoin as an investment opportunity - even if you feel that you are paying quite higher prices relative to earlier adopters.