The importance of a 3x increase

First off, this is not a price prediction, just a simple observation.

There's a lot of talk about psychological barriers, which usually just means people getting excited about big round numbers, such as $50k or $100k. Bitcoin bulls are also obsessed with the idea of reaching the mythical $1 million per coin, or else exceeding the market cap of gold.

But for general market analysts, there is an astonishing milestone at about $155k, or around triple today's price, for a market cap exceeding 3 trillion. As of today, such a price would make the market cap of bitcoin higher than ANY one stock. Right now, normies sort of think of bitcoin like it's some weird tech stock. If it were a stock, such an increase would take it from around #8 or so to #1.

At that point, it starts to make a category leap -- it starts to feel more natural to compare it to commodities, currencies, and industries, since those are things you'd expect to have multi-trillion market caps (example: the market cap of ALL oil companies combined is around 7 trillion.)

Best of all, this price point seems quite reasonable and sane. It doesn't require hyperbitcoinization or the downfall of USD. All it would take is the ETF buys already happening to continue for a good while.