Power Law assumes #Bitcoin has reached monetary saturation and compound growth should slow down.
This is the single lowest thing a bullish #Bitcoin -er could think at this point.
I do not believe this when it’s barely breaking $1.3T and we have a $900T capital market.
When less than 1% of the world owns it.
When ETF’s just IPO’d the asset to over $100T of potential capital.
When derivatives markets haven’t even started on #Bitcoin .
Every cycle we see a new clown show.
This time, it’s called Power Law.
And I’m disappointed in my “bullish” friends that have adopted it like gospel.
Please, if you believe it, try trading with it.
And if you’re not trading your #Bitcoin - it’s complete mental masturbation.
And if you are trading it - it’s going to get you wrecked as #Bitcoin starts its S Curve adoption.
It’s a psychological pathology to believe you can model an asset that has not been adopted by capital markets yet.
At $100T market cap - maybe a trend will develop.
Until then.
Every time one of the X nerds talks to you about it.
Chase down ONE question:
“What would need to happen to invalidate this model by your standards?”
Get it to exact specifics and see if it makes sense.
Until then, just follow the 3 rules of #Bitcoin .
None of the people promoting power law would dare trade #Bitcoin on it.
Don’t tell me your ideas, show me your portfolio.
I’m leverage long #Bitcoin .
All the way baby.
#Cryptocurrency¹ # $BTC $SOL $BNB
#TradeNTell #Write2Earn