we haven't build economies on crypto yet. I think we are in buy-and-wait-for-price-up phase. Once we use crypto for utility, we will be in different phase.

> buy-and-wait-for-price-up phase

This is what I did 2-4 years ago... then it started going down by a lot so I cashed out. I actually did lose. Not THAT much, thankfully.

people have been saying this since 2011. thats not to say that the speculation that is taking place in crypto isnt ridiculous and destructive, but your claim is completely unfounded

The risk reward ratio is just not there anymore. We may see $100K bitcoin, sure, but that's just 3x, you can get that buying and holding TSLA starting today. But IMHO the risk of bitcoin crashing to, say, $10K is pretty significant, especially when Russia sanctions could be used as pretext to regulate crypto to death.

this is how you prove that you just learned about crypto last week. if you think that bitcoin was more of a sure thing and less risky relative to reward in 2011 then you have no idea what you are talking about. first of all if bitcoin crashed from 65k to 10k that wouldn't even be the worst drop bitcoin has ever seen. thats like an 85 percent drop. bitcoin has seen MULTIPLE 95+ percent drops over the course of it's life. it's harder to regulate bitcoin today than it has ever been because there are multiple fortune 500 companies and s&p companies that would be massively negatively effected by this change. bitcoin is in a less risky political position than it has ever been in before.

I've been in crypto since 2012..

Sure, but that's only looking at BTC. There's a lot of other coins still jumping a 100-1000x in this bull run, even if BTC only went up a few times. The point about it all crashing is true though, high risk-high reward (and that risk likely outweighs the reward for BTC in my opinion).

Very bullish for you to think TSLA is going to be a $3T company in the near future! I'm sure it will happen at some point. Maybe it will due to inflation hah.

But on average the market takes very roughly 7 years (probably more) to double your money. So you are talking about a ~10 year time frame.

Realize TSLA is not an EV company.

Can it not compete with, say, gold, a lump of metal that does nothing and is not able to be sent over the internet?

Because if it can, then crypto market cap is 5-10x undervalued.

Who knows at this stage but I’m not smart enough to work it out that’s for sure