I have been a Bitcoiner for a long while, through several cycles. The price isn't even that low right now, and yet I feel less confident about Bitcoin's future than I ever have.

I second guess the whole thing now more than ever.

If there is one single thing that I would have always said is Bitcoin's main purpose, it is to have inflation-resistant money. That's the main purpose of it, to me.

It wasn't so obvious back then. Pre-COVID, you could pontificate about inflation to people and they were confused about why you're even talking about about that. Like you're worried about something that's never going to happen. It's fine. The US Dollar is fine.

Fast forward to 2026 and now EVERYONE understands at least on some level that inflation is eroding their quality of life away. The US dollar is NOT fine. Most people are very shocked with the prices they're seeing in stores.

If you told me in 2019 what the prices of groceries were going to be in 2026 priced in USD, I would be sure that everyone is starting to understand the importance of money that can't just be printed out of thin air.

And yet here we are. Everyone sees the prices of literally everything going up. Everyone understands on some level that inflation = bad. I would have guessed everyone would be pouring themselves into BTC to escape. But the price is floundering and it feels like there's not much upside left.

You could have outperformed BTC in the past few years just by investing in a boring index fund instead.

I wonder if this is just the calm before the storm in the next cycle? Or is humanity just too stupid for this to ever stick?

How do you guys think the next 5 years plays out?