42 sats \ 3 replies \ @alamino 27 Feb \ on: ❓ Would You Still Consider Bitcoin a Success If ... bitcoin
I don't believe people will cash out in the DAY bitcoin reaches 1 million. It really does not make sense. Price raising is gradual, full of downs. It is like the frog being boiled.... There is no "people cashing out and going into consumerism". People are cashing out when they have to use money or they want to. Again, the reality is that Bitcoin is a success. ETFs are the evidences. Just stack and be happy. Bitcoin is Money. Anyone does whatever he/she wants.
There is no "people cashing out and going into consumerism".
I strongly disagree.
If i give you $10M, you would likely throw it all on luxury items like Buggatis and engage in consumerism to live like a king and show off to friends. This is just the reality of the situation. A quick scroll through Twitter, Nostr, Youtube and even here on StackerNews demonstrates this point... people are obsessed with price, bitcoiners are no different than shitcoiners. Very few will live a humble life if they got giga rich through Bitcoin.