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Well the BTC price had already gone up a lot prior to the halvening.. so whether it continued to go up or not seems almost like a non-event.. meaning that realistically, you could not necessarily have high expectations either way, even if some folks might have had high expectations.... sounds like a big so what to me. I would not be engaging in my own bitcoin preparations merely based on expectations of others that may or may not end up playing out.
Might we say that the BTC price reached a high price of $73,794 on March 13, 2024, so then it has largely been bouncing around in the $60k to $70k range in the past 3 months.. or maybe we could suggest that the BTC price broke above $53k in the end up February 2024, so add a couple more weeks to the analysis that BTC prices still have largely been ranging in the $60k to $70k arena for that whole time which is 3.5 months and so why might we be wanting to make further assessments for why or whether or what direction that BTC prices might be going when it seems to largely be at the top of its range and close to its ATH for the whole last 3.5 months, and 3.5 months is not even a very long time in the whole scheme of things in terms of consolidations.. and whether we get a break up or down from here is still to be determined, while at the same time, it still seems quite clear that an overwhelming majority of the world's population (maybe somewhere in the ballpark of 99%) still does not have any or enough bitcoin... but what can we tell those lowcoiner/no coiner people.. since they still seem to be failing/refusing to buy any bitcoin, yet those of us who know about bitcoin still can be ongoingly buying it in the event that we are still building our bitcoin stash size.
There's another interesting angle to this discussion. While Bitcoin has proven to be remarkably resilient over the years, there are still factors that could potentially shake the market. Government regulations, technological advancements (or setbacks), and shifting public perception are just a few of the wildcards that could affect Bitcoin's future trajectory.
That being said, Bitcoin's decentralized and open-source nature provides a level of robustness and adaptability that traditional financial systems lack. This is why many BTC proponents remain optimistic about its potential, even in the face of uncertainty.The second point you brought up—the vast majority of the world's population still having little to no exposure to BTC—is also worth considering. With BTC still in the early stages of adoption, there's a lot of potential for growth in the future. However, getting the masses to understand and adopt Bitcoin is a long and complex process.
It's true that Bitcoin enthusiasts can continue to stack sats regardless of market conditions, as long-term hodling is a viable strategy. But it would be naïve to assume that everyone will suddenly see the value of Bitcoin and jump on board. Bitcoin is currently at a critical point in its journey. The price is consolidating at historically high levels, but the future is far from certain.
While it's important to remain vigilant of potential market disruptors, Bitcoin's inherent characteristics provide a strong foundation for long-term growth and adoption. At the same time, we must acknowledge that adoption is a slow and complex process, and the world's population is still largely unaware of Bitcoin's potential.
For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.