Knowing what Saylor knows or enough to ‘grok it’ is a condition of awareness that spreads in a viral fashion, and thus adoption is a power law, especially since there are fat nodes in the network (which stabilize it for the long run). And as a result of Metcalfe behavior, price is then a power law. The barrier for the grokking of Bitcoin to spread to someone new is substantial because they are imbued with so much resistance from their fiat lived experience. It’s like trying to understand relativity and quantum mechanics when most of what you experience in life is Newtonian dynamics. Who has travelled at significant relativistic speeds? No one. Who has seen two protons quantum tunnel through the Coulomb electromagnetic repulsion barrier to form deuterium in a thermonuclear fusion process? No one (except a few physicists indirectly). Although the GPS system requires special and general relativistic corrections (about -7 slower and +46 microseconds faster per day, respectively) and everyone knows about quantum devices we call lasers, but those are just things we read about and take for granted. Also the Bitcoin price needs to be much larger for the largest capital pools to ‘grok it’, Bitcoin is too small from a (few percent max.) of market cap to impact the largest balance sheets. Mag7 market caps are in the $ trillions, if they picked up a couple of percent today it would be $40 billion and not yet impactful for them. A decade from now it will be so, financially relevant. This is (a) why the power law persists and (b) why adoption comes in waves as price levels and market cap levels are reached. The time to reaching the next order of magnitude = a factor of 10, is basically half of the age of Bitcoin at any point. Around 17/2 = 8.5 years to $1 million. Then another (16.9+8.5)/2 = 12.7 years beyond that to $10 million. 2046. It cannot and will not go to $10M tomorrow because people cannot and will not know what he knows tomorrow and cannot and will not reallocate capital other than through the power law plus LPPL style bubbles / waves that rise away from, and fall back to, the long term power law trend. @PiusSprenger @Giovann35084111