Over the last couple weeks, especially right after the Bitcoin halving event in early May, the drum beat of The Bitcoin Stress Test or Is it Yours has been raging.
Since early 2020, there has been quite the trajectory for Bitcoin and all of the pairs in existence. From large dips several months ago to our current levels, this whole notion of surviving the stress test on the system has been prevalent.
What's interesting is that you can back back several years and find similar articles that highlight BTC living through stress tests then too.
So what's different now? Is it really a stress on BTC itself, or is this something more personal to all of us.
“I am not a hard-money nor a crypto nut... The most compelling argument for owning Bitcoin is the coming digitization of currency everywhere, accelerated by Covid-19.”
-Paul Tudor Jones
Now that we are fully into mid 2020 (months 5-8), it seems there are many questions. The queries range from social distancing to how is life changing?
Schools are affected, summer camps have been canceled, travel has been curtailed and life as we know it is changing right before our eyes. Some might say this is humanity's stress test.
What do you think? How are you feeling about things right now? Is this your stress test?
There is a book by Steve King - Beware the Slow Leaks that talks about how the little things compound over time. It is from a biblical perspective and I believe that can be applied to all sorts of situations. I have met and talked with Steve on occasion and he lives everything he preaches.
The same occurrence is happening now. Stress from work, stress from quarantine... family, marital, parenting, physical fitness, mental acuity, and just about every facet of our lives has been tested over the last couple months.
The window we all look through when we live our lives has two sides. What side you are looking through makes all the difference in the. It was someone famous; Henry Ford, Einstein or someone else perhaps that said:
"Whether you think you can or can't. You're right."
The Rest of 2020
So now what do we do with the remaining 6 months of the year. I am sure Max Keiser would be telling you to buy Bitcoin. Jack Dorsey would be telling you to tweet what's appropriate and Bill Gates would be focused on your next inoculation.
SPOILER!!! Strangely enough, the rest is actually up to you. I would say everyone is right according to their own situation. The challenge is when it comes to others be it elected leaders or other social leaders who are in the business of dictating what needs to be done, how do we progress? We can place hold that for another conversation.
Ultimately you have a choice to make. Bitcoin has been undergoing stress tests since it was programmed, just at differing levels. I suspect if you're human and you're reading this, you have as well. The lessons are many, the parallels even more.
Bitcoin has come out the other side of different timeframes and stressors to a better future. Guess what? So will you!