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Every 210,000 ticks and tocks of the bitcoin blocks we get a new supply shock. Half the bitcoin that was produced last epoch are no longer produced this epoch. The ride or die freaks are not interested in selling more than they need for groceries and gasoline for their old-ass Toyotas and the suits seem to find new ways of converting newly printed digital fiat to sats. This means, about every 4 years, the price of bitcoin appears to ”pump" as they say.
Although we reached another all time high versus debasement bucks, we have not quite hit the all time high relative to gold, but we are fast approaching this number. Lookie-Lou pre-coiners have mostly ignored this run. I met a guy last week who said he got into CrYpTo in 2016, but left in 2017 because bitcoin "is not backed by anything" as opppsed to the USD which is backed by the military. He also laughed at all the people who had lazer eyes and thought bitcoin would reach 100k.
The lazer eyes were wrong, but they were at least 94% right. Although this is not investment advice, it appears that bitcoin is preparing for take-off. I can't give a price prediction because I'm no clairvoyant. I'm optomistic, but bitcoin is backed by Cybersecurity. If a big exchange steals bitcoin or gets hacked again, the price will crash and I have no way of knowing how secure some of these exchanges are, but I do know one thing. You are not prepared for this bitcin bullrun. Niether am I.
Prepare For A 10X Price Increase
Prominant bitcoin Cybersecurity experts like NVK and Jameson Lopp say you should secure your bitcoin as if it was 10 times more valuable than it is today. This is a great guideline. If you have 2 million sats, you should teat it as if those sats will be worth 20,000 proof-of-no-work bucks. As more blocks are produced, this advice still stands which means you are never done with your bitcoin cybersecurity. One day, your comfortable wirh $20,000 worth of security. Suddenly it seems, you are not prepared for $200,000 worth of bitcoin. When you are, you might find yourself unprepared fir $2,000,000.
Like the P-Diddy-file rapper once said, "mo' money, mo' problems."