I really can't blame people for not buying bitcoin pre 2017. A lot of people are busy with their lives and few even heard of it back then. But in 2021 (2.5 years) I will blame people who were made aware of it and chose to ignore it this time around.
Maybe 25x returns will not be possible with each additional having. Eventually bitcoin returns would be equivalent to a bond yield maybe by 2028.
From here maybe 12x by next post halving bear 'bottom' in 2022. Still a remarkable return for those with enough skin in the game.
Right now while risk is high we can expect appreciation but as that risk comes down the asset becomes best for storage of value and transfer of value.
Anyway, some food for thought.
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