I was studying other times in history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called "Crisis of the Third Century").
And it often marked the transition from one era of power to the next: the fall of Rome, Spain's decline from world power, the French Revolution and Terror, the end of Bretton Woods, etc.
Interestingly, it's often actually as much a cause as a sign of these episodes, as this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold - this being what ignites the political upheaval.
The weird aspect of the current episode is the relative silence around it: we're witnessing what may be one of the great pivotal moments in financial history yet it's being barely discussed.
So 10.5 Bitcoin for $17k right
So every dollar you spent is now 6.57 times higher right now
Just 3 years later..
Every $20 you buy is $131
Every $200 you buy is $1.3k
Every 2k you buy is 13k
Every 20k you buy is 131k
Every 200k you buy is $1.31m
Every 2m you buy is 13.1m
Every 20m you buy is 131m
Every 200m you buy is $1.3B
Everyone plays the game at their
income level
Now Bitcoin is $115k
6.57 from here is $755k
You gonna make the mistake thinking this is only for rich people because you don’t understand math?
Math doesn’t care if you can’t buy a whole bitcoin, you still win
The game is fractal
Do the knowledge
Brick by brick bro, don’t cheat the grind, don’t try to skip the struggle, don’t try to speed it up, don’t look for short cuts, embrace the highs and the lows, you gonna need to learn all those lessons so when you get to where you’re going, you don’t fumble the opportunity