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180 sats \ 1 reply \ @79c9095526 13 Jul \ on: Bitcoin Just Hit $118K — But This Feels Different Than 2021 bitcoin
While bitcoin is doing well, it is still below the ATH of 2021 when priced in gold.
Given the ridiculous amount of fiat debasement happening across the world, I would actually expect bitcoin to be substantially higher.
With that said, this cycle does feel different. It feels like a more methodical march upwards vs. the speculative short term fervor of the past cycle tops. I hope that continues, I'd rather slow and steady vs. the roller coaster of the past.
To your questions here are my opinions:
  1. No we are not entering a bitcoin-backed financial world. That will take decades, if it ever happens.
  2. Some governments already do hold bitcoin and I expect that to slowly continue
  3. I don't believe this a top before another rotation. I'm guessing we cross $150k before a 30%+ drop occurs.
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0 sats \ 0 replies \ @6ef1e075c3 OP 13 Jul
Totally agree pricing Bitcoin in gold gives a clearer perspective that gets lost in USD hype. When you zoom out, it's a reminder that fiat gains can be deceptive in a world of constant debasement.
I also feel this cycle is more strategic than speculative. ETFs, institutions, and steady global adoption are giving Bitcoin more structure this time less moonboys, more balance sheets.
  1. You're right a truly bitcoin-backed financial system is still a long game, if at all.
  2. Slow gov adoption feels inevitable, especially for reserves or remittance corridors.
  3. And yes $150k seems reasonable before we get any real flush. Momentum still feels healthy, not euphoric.
Thanks for adding such a grounded take to the noise. ⚡
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