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Well the reason people buy bitcoin at 100k is because they think it will someday be worth a million. If it's never going to be worth a million, then it's not worth 100k either.
If this is it for this cycle, that would indicate the volatility of Bitcoin went down significantly.
Taking a look at the Bitcoin to USD price chart, I see roughly these numbers:
2013: $1,100 -> $238 = -78%
2017: $19,000 -> $3,500 = -82%
2021: $68,000 -> $16,000 = -76%
It will be interesting to watch if the volatility really stays this low suddenly. If so, one could point to the institutional adoption over the last years as the reason for this. When I ask Gemini for the number of public companies with Bitcoin on their balance sheets over the last years, I get:
2023: 67
2024: 79
2025: 190
And a similar trend for Bitcoin ETFs and ETPs. Twice as many in 2025 than in 2023.
Hasn’t bitcoin repeatedly dropped 70%+ from record highs and then surged over that high again within a year?
i used to think, well the 'serious' stuff is stocks, PMs, RE, etc., but crypto is a 'shitcoin', a 'gamble'.
but infact, it recently dawned on me, its (almost) the other way around. everything is a 'shitcoin'. your real estate is a 'shitcoin', and can get 'rugged' with crime rates, or tax band shifts, or legislative changes with the sole purpose of winning populist votes. stocks can (and have) been getting rugged. gold got rugged recently (although now recovered.) cash gets rugged with money printing (but everyone already knows that.)
for a long time i felt an implication that there's a 'safe house' for your resources, like in a video game, but at your choosing you can 'leave' the safe house for a risky win. but thinking about it more - that's a very 90s US-centric viewpoint of 'the end of history' - no, you can get absolutely screwed doing the 'right thing', playing 'smart'. you can do your homework and get deep fried anyway.
i'm actually not sure which is more risky: holding bitcoin or real estate. genuinely, which is more dangerous?
Hasn’t bitcoin repeatedly dropped 70%+ from record highs and then surged over that high again within a year?
Yes, and such climbs coincide with Tether printing billions from unknown sources (most likely thin air) You can’t pump bitcoin with monopoly money forever, because the liquidity becomes too small
Then, if the price was pumped and the liquidity didn't match it, it'd be a perfect target to squeeze (because the market is so highly leveraged), at least one trading firm should've attempted it.
The myth that bitcoin is an effective store of value (aka "digital gold") has just died. The proof is available in your crypto wallet. Real gold bullion has now been fully "digitized". You can buy and hold real bullion without taking delivery, without transactions fees and without dealing with tbe schenanigans of unregulated markets and manipulators. Over the past year of unprecedented marketplace turmoil and upheava…
Not your vault, not your gold.
Earlier quoted context omitted.
I’m a crypto skeptic but the benefit of bitcoin over gold has never been ease of transaction. The benefit is that regulators and governments are generally unable to confiscate bitcoin. The same is not true of gold, particularly if you do not take final delivery.
Here are estimates of the value of Bitcoin currently held (mostly via seizure) by the US government: https://www.theblock.co/post/374636/the-daily-us-government-... https://www.mexc.com/learn/article/how-much-bitcoin-does-the...
The myth that bitcoin is an effective store of value (aka "digital gold") has just died. The proof is available in your crypto wallet. Real gold bullion has now been fully "digitized". You can buy and hold real bullion without taking delivery, without transactions fees and without dealing with tbe schenanigans of unregulated markets and manipulators. Over the past year of unprecedented marketplace turmoil and upheava…
If gold rises (and therefore falls) as crazy as Bitcoin, then why is it better