Jeff, I have genuine concerns that I hope you can answer. I first bought bitcoin in 2017 & wonder how many years can we be "early" as this is something that bitcoiners have been saying for years. Back in 2020 I remember talk of bitcoin adoption being equal to the rate of internet adoption in 1995. I have heard "gradually, then suddenly" since I first got into bitcoin. Blackrock has bitcoin now.. You can hold bitcoin ETF's in your IRA. Bitcoin is legal tender in El Salvador but even the president said adoption there has failed. At what point do we consider that bitcoin adoption might have peaked & that even $100k bitcoin could be years away? Would love hear your thoughts.

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A currency should measure real prices. Real prices are falling. Ie - If you measure prices in bitcoin versus the dollar you will see all prices are falling (by a lot) over the time periods you’re talking about. In other words, it’s happening while people are asking when is it going to happen. Not a light switch but a slow and grinding path (with volatility from one system and chaos and control from the other) with each person eventually understanding their own role in creating the world they see. The biggest problem (imo) is that few people do. Ie - The majority of people are actually giving strength to the system they hate by converting Bitcoin (mentally or otherwise) to a piece of manipulated paper (fiat) to then price things. Reinforces that it is a trade. Hope that helps.