Greed and time preference. Sure, wouldn't it be nice if everyone started thinking deeply and long term all of sudden... out of the blue? Then bitcoin would go to the moon. The volatility we see in bitcoin is largely due to greed and time preference with a massive dose of ignorance. We have yet to hit the stage where the majority of the wealth in the world is at risk of liquidation. Bitcoin is still viewed as a risk asset. A quick risky buck. The core virtues of bitcoin are things most in the west do not care about. They don't care about them because they don't yet have to care about them.

When, not if the collapse happens many will wish they had spend even 100 hours studying bitcoin. Saylor will look like a genius. But, in reality he will likely be long dead by then as will most of us. I have resigned myself to this. If I'm wrong and the world wakes up in my lifetime I will be happy to witness it. I don't see it. Its not because we have done it wrong or because bitcoin has failed. Its because people are seduced by quick wealth for themselves. Not generational prosperity for all.

Is this cope? Maybe. But to me it is just realistic observation.

This is why we can't have nice things...