Soule posted about Bitcoin on 22/11/20 when BTC was around $18,500. Right now it's $46,500.
Whether you believe in the libertarian promise of cryptocurrency or not, the fact is, if you had purchased it (or most other alt-coins) - you would now be considerably more wealthy. More so than holding fiat currency, or investing in other asset classes.
Musk just converted $1.5b of Tesla's balance sheet from USD to Bitcoin, after publicly mulling it over back in December. Tesla will also accept BTC as payment.
Elon Musk inquired on Twitter about 'large' bitcoin transactions after a crypto booster suggested he convert Tesla's balance sheet | Currency News | Financial and Business News | Markets Insider
https://twitter.com/Rewkang/status/1358835309094391810
Back in 2018, when it was fuelled by retail investors and sleazy media sensationalism, you could call it a mania. When the world's richest/smartest/weirdest guy buys into it, you can't say that anymore. He's not trying to recoup the costs of his broken spaceships and it's not a get-rich-quick scheme for Tesla. Corporate is coming. Smaller (relatively speaking) hedge funds and companies are piling in. COVID-19 happened. If they stop printing, the system dies. The money is moving into crypto.
Let's not forget, the technology is here - now. World central banks are openly talking about their plan to transition over the from fiat currency system to digital ledger/blockchain central bank digital currencies. You just know it's going to go hand-in-hand with some sort of woke 'health passport' as well (99% of the people in this section of the forum are probably already blacklisted, so good luck with that!)
In the last thread, people likened it to the tulip craze, railway mania or just called it a straight up ponzi scheme. Do you still think that? We will still see the volatility. 30% price movements make traditional investors physically sick. We will also see the same boom/bust cycles linked to Bitcoin halving events, where the price crashes and consolidates before trending upwards... but when the price crashes from $500,000 to $280,000 - will people still be calling it a ponzi?