Bitcoin keeps growing with more users, better tools and wider acceptance over time.
What gives you the most confidence in Bitcoin long term – scarcity, adoption or something else?
What makes you most confident about Bitcoin’s future?
byu/BFMAcademy inBitcoin
Posted by BFMAcademy
9 Comments
The proven irresponsibility of our elected officials.
Money printers aren’t turning off anytime soon.
Big Money adopting btc
The US dollar and by extension the US empire is committing seppuku before our very eyes.
That so few people understand how f’d the US dollar is.
There is no reverting to a strong dollar.
US debt, regardless of who is President, will continue to grow and it is not sustainable.
All of this coupled with an increased adoption of Bitcoin is why I’m long term bullish.
I’ve been buying Bitcoin since 2017 and I only get more bullish as time goes on.
These visuals tend to help articulate the direction we’re going, I hope this helps:
https://ibb.co/sV1sLSV
https://ibb.co/qWtxfmF
This image shows just how early we are, many more dollars will flow from these assets into Bitcoin:
https://postimg.cc/qtKdCKh9
HODL
Honestly all of the above but what makes me most confident is the speed of it all. Institutional adoption, nation states stacking, Square enabling Bitcoin payments for millions of merchants, crypto friendly legislation coming through, none of this was supposed to happen this fast. Bitcoin was always going to get here. The timeline just got pulled forward. That’s what keeps me confident. The things that were supposed to take a decade are happening in years. Hard to bet against that trajectory.
math
Most people say scarcity or adoption, but neither of those matter if you can’t hold through the drawdowns.
What gives me confidence is the pattern:
Every cycle, people understand Bitcoin at the top, lose conviction in the drawdown, and then rediscover it higher.
It’s not just a supply story, it’s a behavioural filter.
The people who actually hold it long term are a shrinking group each cycle, and that’s what tightens supply more than the narrative does.
The US dollar is in the death throes. There’s no political or social will to cut spending and deal with austerity. Everyone wants a handout.
Bitcoin is a bet against the dollar.