“bitcoin’s fatal flaw, if it has one, is not technological. it is revelatory. it shows you the future too early and too clearly. a million dollars per coin is not a vague hope, it is a vivid image. our brains are not designed to hold that vision steady through violent volatility. we are not wired to lose money while knowing, with unbearable clarity, that patience would eventually make us rich. that contradiction fries the nervous system” - Hugh Hendry
A million $ is a factor of 8 from fair value or a factor of 16 from current price. Not far compared to the power law growth already locked in.
For something doubling every couple of years now and slightly longer in 4 years it’s only ~ 8.5 years away approximately.
But our two hundred thousand year old hunter-gatherer brains are all about danger detection, and motion detection of prey, fight or flight.
Modern society has overstimulated us further.
Look at the log of the price, you’ll feel better. Since Hugh’s article contrasted with the gold this log-log chart is BTC/Au.
Buy low.