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Bitcoin is one of those technologies that I have been skeptical of for over a decade but within the past year it’s finally starting to click for me.

I don’t own any yet but I don’t think it’s ever going away.

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What changed?

Maybe it’s price resilience after zero interest rates went away was just too impressive

Price resilience? It’s lost 50% of its value in the last 2 years. Its as volatile as $AMC or $GME and is talked about in the same circles. Its a meme investment like many others.

commodities trading (in most markets) never involved permabull expectations like stocks. instead they are cyclical or “seasonal”, and bitcoin has performed the exact same way in many other cycles over the last decade, before “meme stocks” were a thing.

bitcoin spot declined from all time highs.

but to point out your stocks, $AMC and $GME and many other pandemic era stocks have declined way more than 50% from all time highs.

there were questions of whether bitcoin would be of interest or attract capital outside of a zero interest rate environment, and its surpassed all expectations on that front.

It’s been resilient to boom and bust cycles, it’s stable and safe for those who live in third world countries with hyperinflation, it’s extremely hard to eliminate or control since it’s decentralized.

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