Why I'm Bullish: A Personal Bitcoin Series
Had an idea this morning to start writing down reasons I am bullish on bitcoin's future. These posts will be things that clicked for me along the way. They are things that became bigger to me that the opinions of people in my life, the current market price in fiat, and emotions in the moment.
I'm not going to be exhaustive in this series because there are many articles out there that do that better than I will. This is gonna be personal.
Why I'm Bullish 1: Bitcoin is a Hurricane
One reason I'm bullish about bitcoin is game theory. Even those that do not believe in bitcoin for the reasons we bitcoiners do will adopt it. If for no other reason than they don't hate money. We are watching an example of this happen right now. Jamie Dimon the Chairman and CEO of JPMorgan Chase has famously said he would ban bitcoin if it where up to him. He claims it is only useful for criminal activities. Yet, his company is now involved in the bitcoin ETFs facilitation. Why? Because Chase is motivated by profits.
The greed for money will lead even those that hate bitcoin to interact with it. To use it. Why? Because they want wealth and power more than they hate bitcoin. You can see this over and over again in other areas like politics. Business interests support both parties. Both candidates running for office. Multi-national interests support multiple sides in conflicts. Its just game theory and as bitcoin exchange rates rise we will only see more examples of this.
Now, don't be confused. I don't care if people like Dimon adopt bitcoin. Why this makes me bullish is the fact that in order for bitcoin to be adopted by the masses it does not require the masses to BELIEVE or even UNDERSTAND bitcoin. It only requires a critical mass to do so and we are getting ever closer to that being a reality.
Only a fool stands in the way of a hurricane. Jamie Dimon may be many things but I don't think he's a fool.