I had a meeting with a group of mathematicians and physicists last night about Bitcoin growth. A great point made by the group is the “bubble” was in 2014, they see this phase as adoption growth to >$1 million per BTC.pic.twitter.com/b7R5tFRvO0
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Jon, I hear ya. This was an argument when BTC was $500, $1000, $10,000 there is a number of game theory elements that will drive this and has driven it as all other investments.
Oh yep, it's fascinating. Looks awfully to me like we're in a bellhop phase similar to 1999, but the unwinding in March 2000 was triggered by a series of failed IPOs. Not sure what the equivalent trigger would be here, if there is one.
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