I don't know if they were daydreaming. Of course, BTC can potentially go $250K or more in the future. That doesn't mean it will Boom in a few months. LOL.
Eventually, sure. And probably sooner than most would think. We're in the doldrums for at least another year though, I think. Healing is needed, bad memories need to fade, confidence needs to return.
Obviously the meltdown of all the DeFi nonsense is going to take a while to be resolved. Though there are some possible pluses in this. For example the fact that establishment finance companies (like Goldman) bidding for the smouldering rubble of these DeFi startups is a very bullish sign in my opinion. It means the big establishment money sees value, even in this broken failures. The due diligence needed to make offers in this environment means they have, among other things, looked into what the regulatory future is shaping up to be. Don't get me wrong. I am no fan of "the big establishment money", and I do not see it as something needed for Bitcoin to succeed. But as Bitcoin succeeds it is inevitable that we see these folks getting into the pool in ways like this.
Secondly, the emerging conspiracy theory around the BAYC genesis has a long way to go before we burn through that narrative. And it is dark enough that I kind of expect the powers that be to try at the "See how evil and alt-righ" crypto bros are?" narrative a good run because of that.
The one thing that I see good in all this smouldering garbage is even the average person is going to begin to see that there is a difference between Bitcoin and everything else.
2010: Bitcoin is magical internet money that geeks play with and it's a ponzi.
2012: Bitcoin went up! I bought in for A dollar and sold for $50! I am a genius to have cashed out of that ponzi.
2014: New projects getting started! Wonder what the next bitcoin is?
2015: World computer is Bitcoin 2.0
2017: ICOs! The new way to sell illegal securities!
2018: Bitcoin is dead, but something else will emerge from crypto!
2019: Look at all these ETH Killers! Oh, and what's Bitcoin again?
2020: DeFi! THIS is the future... We all knew smart contracts would be useful! Maybe this is how?
2021: NFTs! ICOs with even LESS utility! (also possibly the worlds most complex troll)
2022: There is a difference between Bitcoin and CryptoWe still have shit ahead of us... The whole energy narrative is just getting started, and most people can't see why PoS is just the old system digitized... And evidently Elon is either too dumb to see what Doge actually is, or hes scamming. So as much as I would like to think we learned our lesson this time, I doubt we have.
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