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It is good to imagine a world where the price of bitcoin did not matter. Sadly, this can never happen.
Perhaps in a vacuum, maybe, in an alternative dimension where the human brain is hardening – like an ASIC minein – only to transact only in bitcoin and nothing else. not with ShellsGold or livestock. Only bitcoin and barter, forever.
Hyperbola Or bust.
In boring reality, bitcoin requires reference points. Those who currently have us can trend up to zero well, but bitcoin can never meet their true calling – payment and storage value – without knowing how much it is relative to anything else at any time.
Tracking exchange rates quickly turn into a passion, and for a good reason: how fate is made.
Some people know that Mark is better than Cuban, my collection for today’s retrospective.
Money is speech
It’s been exactly eight years This banger tweet About bitcoin from Cuba, owner of former majority Mavs:
“I think it’s in a bubble. I don’t know when or how correct it is. When everyone is bragging about how they are making $ = bubbles.”
It was June 2017, and Bitcoin was rally for 10x runs for more than two years for about six months – from $ 250 to $ 2,800 around the time of Cuba’s post.
Bitcoin will push 600% more to the peak of the cycle in December in the next six months, more than 80% in the next year.
Was that bubble? It really depends on how loose your definition is, but what is worth it, Bitcoin did not return to $ 2,800 again after Cuba’s post.
Therefore, anyone who bought bitcoin because he had sent that tweet, never lost money, and will be up to 3,600%today.
Cuban’s opinion about bitcoin and crypto has actually developed over time – the same man who Said In October 2019, “I have bananas than bitcoin” (when bitcoin was at $ 8,000) recently more. Said “BTC is probably a better purchase right now” on shares, even between buyback craze and at $ 84,000 with bitcoin.
This is not perfectly appropriate to fulfill Cuba’s personal views from just its tweets and media spots. But I will do it anyway.
Cuba’s tendency is to consume bitcoins through very narrow lenses of prices and profits, and he has certainly agreed as a store of value with bitcoin capacity, even though it is really a expression to “growing numbers”.
Telling them the most Do This, from August 2021, from Peak Bull Market: “BTC is a great sove. I am far better than gold. I am the owner of a bunch. But it is the same. These are not all special powers that Maxis try to assign it.”
Calling it now: If bitcoinization is anything like apocalypse – 15 signs and all – then the moment the cuban finally sees the magic of bitcoin, beyond its price, be unquestioned.
– David
A historian approach
To draw a quote from Harry Sudock, when it comes to bitcoin – “price product,” but I will add my own twist. It is also marketing.
Since David has again associated us with a story how long Mark Cuban has done for bitcoin, I thought it would be nice to provide a reminder that we are still hurry.
Take this quote of Zooko Wilcox written 14 years ago:
An off-the-cuff comment from a famous Cipherpank (with his own attractive crypto story), this is a 14-year-old observation that is true today.
This surprises you how much the number of economists supporting BTC will be more than 10%.
– Rizo
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