The Entrenchment in 2021 is huge
View Reddit by GhostLeader95 – View Source
in Buzz
The Entrenchment in 2021 is huge
epeakin
1.9k Views
2 Comments
Leave a Reply
GIPHY App Key not set. Please check settings
But we’re still so far away. The confidence isn’t there yet. The mainstream media still runs around with caveats: “It’s risky, only invest what you can afford to lose.”
Most people have a large contingent of family members who still have the words “Ponzi” or “scam” in their vocabulary of Bitcoin and are oblivious to how it works or what it is.
Lightning is still years off from commercial deployment which will introduce bitcoin’s “transactional phase”.
Wallet friction and usability of applications is still too high.
We need the Satoshi Standard sooner rather than later.
My point is this: people must come to Bitcoin on their own. And when they do, it will take years for it to co-opt them as developing a healthy relationship with Bitcoin takes time. Unfortunately, most people will finally adopt it when it’s closing on $1M a coin, which we won’t be talking about, because Sats will be the latest buzzword.🍀
If BTC goes up 1660% then so will house prices, and everything else, dude. Nobody is going to be tricked into selling their house for a tiny fraction of what it’s worth.
A million dollar house today is worth 16.6 BTC. If Bitcoin goes up (16.6x) to $1M, then the house would be worth at least 275.5 BTC. Do the math, McFly.