osho on Nostr: There are people who bought it for $1 or mined it back then, and now have billion$ ...

There are people who bought it for $1 or mined it back then, and now have billion$ worth of it. Even if it crashes 80% they will still be multi-millionaires. However, they don't spend much, if any, of it on development of the space, like l2 and apps, other than promoting it to new buyers.
Even if it keeps going up it mostly benefits a tiny % of holders. If I buy $1m worth of it now, even if 1 bitcoin gets to $1 million per coin, I will only have $14m.

When stonks go up, btc goes up and the dollar goes down. But when stonks crash, the dollar goes up, and btc crashes. Nvidia is similar to stonks in the dot com bubble.