Bitcoin is the Song That Does Not End

Bitcoin has only yet begun and this party hasn’t even gotten started

Bitcoin Is the Song That Does Not End

“As for context, what most people need to recognize is that the monetization of bitcoin takes decades, not months.

In regards to strength in bitcoin interest, here are a few pieces of evidence:
First, I’ve noticed no reduction in interest in bitcoin, despite the recent price decline. Conversations are only just picking up steam as people are starting to probe into unanswered questions – questions about what money is and where the funding is for all the government spending. This became obvious to me after I was recently asked to be in a bitcoin book club with financial advisors looking to learn more about bitcoin.

Bitcoin is the song that does not end.

Second, fewer people are selling bitcoin than you may realize. Stanley Druckenmiller mentioned that when he was first interested in bitcoin, a conversation with Paul Tutor Jones helped spur his enthusiasm. A stat Paul Tutor Jones shared stuck with Druckenmiller: ‘Do you know that when bitcoin went from $17,000 to $3,000 that 86% of the people that owned it at $17,000 never sold it?’ The comments on the acclaimed financial guru’s post were also littered with comments like ‘I’m still here’ and ‘Nothing has changed.’”

https://www.coindesk.com/layer2/2022/10/27/bitcoin-is-the-song-that-does-not-end/