This is nothing but a crap observation and analyzation of historic Bitcoin data. How do you even think of something like this and comes to a gibberish conclusion. So he want to say Bitcoin was used in the last bull run? One the biggest country that adopted Bitcoin was El Salvador and I could remember how their government aidrop Bitcoin to each citizen so they can use it as it's now a legal tender to buy things with it but what did they do with? They sold all of it.
really? they sold all of it. then that was kind of a failed experiment wasn't it? the usa would never do something like that though because whatever the official currency is, they need to be able to control it. so you can kiss that idea goodbye that most countries would ever do something like that. losing control of the money supply is losing control of the people.
Bitcoin stop at $70k because that was what many people believe Bitcoin achieved it all time high in the last bull run and unlike then, people are not afraid of Bitcoin market dump, they believe it so much but but some people were hurt when Tera Luna crash their UST by dumping their Bitcoin reserve on the market, that cause many lots of pain to investors, these are the precautions many most investors are trying to avoid, you don't want to be dump on because it will take another cycle to see such price again and a year in Bitcoin market might looks like 10 years on the outside world.
lets say bitcoin goes up to $250,000 and you bought it at $60,000. are you really getting rich or maybe there's better investments out there. I think there are. Multiplying your money by 4 is not bad but it's not really life changing. Not really. Plus how long is it going to take. 5 years?
