For anyone saying it’s “too late to buy bitcoin”: Using gold because people are familiar with it and it is relatively scarce (though certainly not completely): Is it too late to buy gold if 5% of the population owned some amount of it? Will it be too late to buy gold when only 5% of the supply remains to be mined? Was it too late to own gold when it was 17 years into use? Was it too late to buy gold when 1 oz could buy 3 luxury dinners? (It can easily buy 10-15 now) On top of those thoughts, how can one think it is too late when it is just over half the price it was at a short time ago? I don’t understand thinking it’s too late unless you believe btc is going to zero, which is equally nonsensical in my opinion.

That’s an extremely useful explanation and makes a lot of sense. Great read. Thanks!