is it going to be a mere 2x to 4x from here or do we end up having another 8x to 30x from here... either scenario could end up playing out..
I've only got small needs, so I'd settle for a modest 8x from here.
At inflation rates of today... indeed a current 8x will be modest and good to maintain basic needs
This is the great bete noir of our time.
We have known for a long time that the way Bitcoin REALLY gains value is at the cost of social stability. And we are seeing it play out in real time today.
And it is like a race. We are becoming paper millionaires, and even higher, but at the same time the unit of account we use today is melting down.
$10,000,000 BTC is a bad thing if a loaf of bread is $100k.
I think there are SOME people whose plan (or hope) is the financial system melts down completely so we can bring forth (pick your story here) socialism, and CDBCs, or freedom and BTC.
And of course WE are all rooting for the latter. But we will also be affected by the absolutely and dire misery that this road leads to.
But a slow orderly march to a sound monetary system??? Chances of that? Seeming to get smaller by the day to me.