Why we really need to keep an eye on the MayerMultiple
Bitcoiners think that currently about 5 % of the population have adopted Bitcoin at least to a small degree so far and 95 % didn't.
Thats true.
But in reality you should know that about 95 % of the population refuses Bitcoin. Some of them even hate Bitcoin. Especially those who define themselves by their dollars. This resentment is pretty frightning to me. Because imagine a few states got afraid and start buying Bitcoin as fast as they can. That 5 % being the Rich and Mighty over night obliterating all existing social wealth distributions. This would cause tremendous turmoil. And nobody would want to hope for such a scenario.
Instead it is highly recommended to increase the acceptance of cryptocurrencies before we reach wide adoption. Which cryptocurrencies people are drawn into actually doesn't matter at all. Every kind of adoption matters. There is no good or bad adoption. How should anybody even wish to get an adoption without beeing accepted by 50 %. This should not happen for obvious reasons.
I admit that I find me praying for a bit more time.
Thats why we should keep an eye on the MayerMultple. Just let the highs not get parabolic.
And one more thing. Be aware that Bitcoin is just a distraction. It is money and we all know that money is a very attractive thing and has always been. And while we are all being attracted, we don't realize that Bitcoin is teaching us some important lessons and leads us to doing even more important things. And after this purpose has been fulfilled then we will finally find out that Bitcoin was just a distraction from something that is even more attractive than money.