The S-curve of adoption, all of us have seen it and speculated where upon the chart we were.
Are we as far along as we think we are?
If not, the top of bitcoin will make all of our heads spin.
If so, are we almost there?
But what if we just don't have time to wait?
What if they pull the plug on The US bonds by not increasing the debt ceiling?
Soon after, The US bonds will be dumped world wide, and The US dollar soon becomes worthless outside of America.
What if this happens really quickly, and FedNow isn't online yet to take the dollar's place?
What if the evil people at the Fed failed at the timing?
Will people swoop into bitcoin as fast as possible?
There are so few exits.
There are so many financial cataclysm that may hit any day now.
A literal flock of black swans.
Many have noted that it is a miracle that everything financial hasn't imploded yet.
Assuming that one or the other, or all of them will happen soon, what will that do to the adoption of bitcoin?
Will people jump into bitcoin with both feet?
Will everyone not even notice that their banks are failing right in front of them, and so not do anything?
Will people hold onto dollars even as it value falls through the floor?
My guess is that more of the brave people will dip their toes into bitcoin.
While all the old fogeys try to get some gold again.
But we don't have many people who can accept bitcoin or gold.
People are going to be standing in line at coin shops to buy/sell gold to go shopping that day.
And others will be staring at their cell phone wondering what are these 12 words?
It will be pandemonium.
But, with a fire lit under their butts, will adoption happen faster?
My feeling is that adoption of crypto will go on at its steady, snail like pace that we have been watching.
ALSO, i feel that the top of the adoption curve will be so much higher than any of us expect.
Sooooo, this may look like adoption is happening faster. But it is really the the slope is much steeper and longer than anticipated.
My concern is a lot of pain is coming for the little people. Those who believe in the dollar. Those for whom the dollar is all they have ever known. I really do not want to see them hurt. However, pain is a great motivator.
I wish that everyone would get into cryptos. And tomorrow we could tell the Fed to Bleep Off!
But i am fairly sure that won't happen.
People will still be using dollars for what seems like years, after the banks have all closed and no other country wants them.
Bitcoin, at some point, is just going to go up and up and up. It has to.... Well, FedNow could become the new expected currency, but i strongly doubt that. Not with all the anger at the Fed from the dollar crashing.
Bitcoin is going to the moon mars.
Anyway, have some cash, have some silver, and of course, have some HIVE.