Dude your take is a laundry list of the same recycled FUD thatโs been around forever.
Letโs actually poke holes in it without the cult vibes:
โYou price it in dollars thoโ
Yeah, because the entire planet still runs on fiat. We measure gold, real estate, stocks, everything in dollars too. Doesnโt mean we, including you, โloveโ fiat.
โOne Bitcoin = one Bitcoinโ is saying the unit doesnโt inflate away like the dollars do. Which they do.
The dollar number going up is just proof. But itโs a 50vol asset so what do you expect?
โOutside the system but dumps when Fed sneezesโ
Early days. Institutions have turned this into a real asset class. Thatโs why it moves with Nasdaq short term!! But look at the cyclesโฆ
each one it decouples more, holds value better in real crashes, and institutions pile in. Current on chain data shows institutions buying right now. This is not debatable.
โItโs a risk asset that craters 70%, canโt be store of valueโ
Volatility sucks but itโs dropping over time as market cap grows. Gold had insane swings for decades too. Store of value doesnโt mean โnever dipsโโฆit means beats inflation and fiat debasement over years.
Bitcoinโs done that through multiple 80% drawdowns and come back stronger every cycle. Most people holding it arenโt day trading their rent money.
Scarcity ETFs = cope
Scarcity matters because of growing demand.
The โUSB stick with seed phrase, donโt lose itโ retail pitchโฆ
Fair knock on UX for normies, but thatโs why we have custodians, ETFs, Lightning wallets, multisig, hardware that doesnโt suck anymore. Most people donโt self custody gold bars either. Adoption is climbing anyway: 30% of Americans own crypto now, Lightning doing billions in volume.
AI/quantum gonna wreck it in 5-8 yearsโฆ
Quantumโs been โ5 years awayโ for 20 years. Bitcoinโs upgraded before and can again (post-quantum sigs exist in research). AI? Itโll probably just make better tools for it.
Itโs not perfect, onboardingโs clunky, volatility real but calling it retarded while it keeps compounding and sucking in capital is peak โI donโt get itโ energy.
Itโs messy internet money growing into something bigger. Thatโs the whole ride. ๐