Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.
However, I'm concerned about the end game.
Here it is, let me know how dumb I am.
Bitcoin dominates --> Regular John sees writing on the wall as fiat currency crashes --> Bitcoin is too scare and pricey to get any amount equal to the dollars they've saved --> large companies, governments, and early adopters become hyper wealthy --> major wealth gap and misery for most of the world except us --> sad state
Regardless of how expensive Bitcoin is, an average John will still afford it based on his financial strength. Bitcoin can be bought in bits, which means people can always buy a little from their personal savings. With or without Bitcoin the gap between the poor and the rich will keep increasing. We are gradually seeing the middle class disappearing in most societies due to the income gap. You don't need to worry about an end game, keep stacking and hodling, at least you will not be part of the misery if you have enough.
Newbie to bitcoin here.
I started stacking in March once I determined bitcoin was no longer a risk, it was a sure thing.
What made me switch tune was the US creating a reserve and finding MicroStrategy.
Let me also add that you shouldn't be too excited about the US proposing to use Bitcoin as a reserve. Political and economic decisions might change in the future. It will be better to have confidence in the potential of Bitcoin as an asset.