Bitcoin return last 10y+ are face melting but also totally comparable to returns from a successful startup investment from seed to IPO (for bitcoin, basically from pizza day to the ETF).
From now the baseline is now the “IPO” price (45k) and TAM is a one quadrillion SOV market, of which BTC currently has about 0.1% market share. Public companies have done 10, 100, 1000x from their IPO prices (eg market share going from 0,1 to 1 to 10 to 50%+ saturation) so not breaking new ground in that sense but doing so with the largest market of all.
Only by accepting the enormity and binary aspect of the endgame (the number zero or a number with 6+ zeroes) is someone able to overcome the ‘being too late’ mental block, overcome their ego and jump in.
nico / Nico 🚨💀🚨
npub1w4…9quku
2024-03-08 08:40:35
Author Public Key
npub1w4yfhvlemcl6q3j3n9kvvcgtqreye28mkw6zwpgz7fn64sj3ph0sw9qukuPublished at
2024-03-08 08:40:35Event JSON
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"content": "Bitcoin return last 10y+ are face melting but also totally comparable to returns from a successful startup investment from seed to IPO (for bitcoin, basically from pizza day to the ETF). \n\nFrom now the baseline is now the “IPO” price (45k) and TAM is a one quadrillion SOV market, of which BTC currently has about 0.1% market share. Public companies have done 10, 100, 1000x from their IPO prices (eg market share going from 0,1 to 1 to 10 to 50%+ saturation) so not breaking new ground in that sense but doing so with the largest market of all. \n\nOnly by accepting the enormity and binary aspect of the endgame (the number zero or a number with 6+ zeroes) is someone able to overcome the ‘being too late’ mental block, overcome their ego and jump in.",
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