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All of this doesn't much matter to me and many others who are steadily accumulating. What does matter is when the supply gets cut while the demand remains.
I would suspect that those folks who recognize the value of bitcoin and who are ongoingly accumulating as many BTC as they are able to, have some appreciation for the asymmetric information, which means that bitcoin remains way underpriced, and if you realize and recognize that as well as act upon that asymmetric information, then you are going to be better off - and also partially able to front-run some of the financial institutions and the BIG money coming into bitcoin, as well as front running the many retail normie laggards.
Some folks who have been consistently, persistently and ongoingly accumulating BTC for the past several years may feel some regrets about their own inabilities to have enough cashflow to be able to accumulate even more BTC, yet each of us can ONLY do as much as we can, and surely there are several of us who had been able to largely reach our BTC accumulation goals years and years back, and so there are some advantages in that, and part of my own advantage (or disadvantage) is that I had already spent more than 20 years building an investment portfolio prior to starting to get into bitcoin in late 2013 - and so that has costs as well.. in terms of 20 years is 20 years... so there are aging factors involved... yet I surely had some cashflow issues in the 90s that might have made it quite difficult for me to invest into something like bitcoin if it had been around at the earlier stages of my investment career... so I can appreciate that sometimes it can take a while to get into something like bitcoin and also to be able to build your investment portfolio.. so there can be some appreciation by the earlier accumulators to be able to generate some cash so that they are able to buy bitcoin more aggressively than you might have otherwise been ready, willing and able to do if you were less able to identify its value..
There will be smart and even well off people just starting their bitcoin journey 8-12 years from now (2-3 cycles), and surely you would have had ended up front-running them too.. by a considerable amount of time, and they may well never be able to catch up with you, even if they have more fiat money than you.. just like my peers from 2013, 2014, 2015, and 2016, are never going to be able to catch-up to me in 2024 and beyond if they might have merely only begun to recognize and appreciate the value of bitcoin and the actual value of stacking sats... Think about 2013 - 2016, bitcoin could have been gotten for between $200 and $800 for much of that time, so even if someone did badly and has an average cost of BTC that is close to $1k per BTC, the person coming into bitcoin now, is going to have to pay right around 46x higher prices for their BTC.. which is a pretty BIG deal... some of us can say I stacked some bitcoin for $1k or less, each, and they may well be saying I was able to stack some BTC between $27k and $46k, but most of my stacking was done at higher than $46k prices. We don't know for sure, but we may well suspect that it may well be difficult to even get BTC for in the $30ks anymore.. I am not sure, but that surely may well be the case.
And if anyone has a timeline that is 8-12 years from now (2-3 cycles), it may well be the case that they are thinking that anyone who got bitcoin in the 5 digit prices are doing quite well because it could be the case that they are then looking at upper 6 digits and maybe into the 7 digits for BTC prices.. We cannot be sure about future prices, but we can spend some time stacking now and considering that the BIGGER financial people are going to be coming into bitcoin through ETFs and ETFs have just gotten approval to begin trading tomorrow.
We are on the cusp of the pre-ETF times versus the post-ETF times, and the folks who really know about those kinds of financial instruments are describing this kind of issuance as something that had never previously been seen. The US SEC approving of 11 spot -ETFs all in one day. That seems like a pretty interesting thing that just happened in the financial world.