If bitcoin isn’t about making money but about making money better then why all this price action talk

Because money is a network good. 

Liquidity feeds more liquidity. And eventually broad enough liquidity feeds stability, which makes it more usable. Which then feeds more liquidity.

It is similar to why we are here on this platform whether or not we like the recent owner.

Bitcoin can’t win or solve big enough problems at a $500 billion market cap. It’s to small, widely dispersed, etc. It is a venture money bet in that range. And without fees it would eventually be capturable. Bitcoiners are each small candles in a world of darkness, unconnected and volatile, with only small hubs, at $500 billion.

Like, my family and friends in Egypt? “Bitcoin”? Barely heard of it. Too volatile, too small, doesn’t matter, can’t help them day to day unless they put in a few hundred hours and get the laser eyes, and have enough financial privilege to absorb the price volatility and hold it for 5-10 years as a savings asset.

But when Bitcoin is 5x-10x bigger? And more widely dispersed and less volatile due to being further along in its venture journey of adoption? And having more media recognition with yet another all time high? That helps. The network of candles gets electrified and connected. Darkness becomes light.

Plus price is a market signal. A 5-year stagnant price is a negative signal. More specifically, bitcoin price has a lot of correlation with global liquidity. As long as bitcoin price rises with global liquidity, that is good. If bitcoin price fails to rise during rising periods of global liquidity, it is potentially a signal of network illness. Ongoing price increases are evidence of adoption and positive market signals, especially when adjusting for global liquidity. A good technology should increase in market size.

But it’s a good question. Despite being bullish, I have emphasized the FinCEN challenge rather than the presumed ETF price bump. People should keep their eye on the ball rather than get drugged with price bumps on their bags.

Humanitarians and freedom fighters, however, should not let price get in their way. Higher market capitalization and liquidity enables them, validates them, and is a necessary step along the way.