Paying $26,000 for a Bitcoin – Is It Excessive? Is shelling out $26,000 for a Bitcoin too steep a price? It might be. When you consider its utility, dishing out that amount for a virtual currency with virtually negligible utility seems steep. Well, almost negligible, if we consider El Salvador where it's finding some ground.

But then again, is trading eight hours a day, five days a week of your precious time for highly inflationary currencies a worthy trade-off? Well, it's a bit of both. The answer hinges on the fact that, for now, living on Earth without any money is almost impossible.

Bitcoin embarked as a plan and culminated as a promise. Satoshi Nakamoto, its creator, conceived it as a decentralized alternative to the existing financial system. However, let's be realistic – Bitcoin will never supplant the current financial infrastructure. It's simply not up to the task.

In the same vein that our streets can't be exclusively populated by EVs – "The power grid can't bear such a load." Unless, of course, the elites scale us down and then both the power grid and Bitcoin network can fulfill those roles...

Now, back to the current Bitcoin price of $26,000. Frankly, I never envisioned Bitcoin descending to this $26K level, not in the near future, perhaps never. Yet, the market has once again proven me wrong. Whether it's poised to sink lower or surge higher in the short term is uncertain.

Twitter analysts are now readjusting their narratives in response to the current price gyrations, having been spectacularly off the mark for the past several months. The anticipated fun summer, where BTC was supposed to scale $40,000 and beyond, reminiscent of 2019, never transpired.

Instead, we witnessed a different story, and the replay of the 2019 bull market that many expected might not materialize. More likely, we're in for something akin to the 2015-2017 bull market, marked by less aggressive upward movements. Personally, my bullish stance holds for the next couple of years.

Predicting the future trajectory of the price remains elusive, yet my conviction stands – halving plays a pivotal role in triggering the boom-and-bust cycles for BTC and its altcoin companions. The global crypto ownership rate is merely 4.2%, a criminally low figure.

Gazing at society and its present economy, it's evident that the world post the man-made COVID-19 pandemic is forever altered. We might already be embarking on the process of the great reset, making it prudent to secure a stash of crypto in case traditional systems falter.

I don't subscribe to the notion of crypto's demise because I fail to see a superior alternative. Balancing the scales between the positive and negative, crypto, as I perceive it, leans toward the favorable. Yes, there are hacks and rug pulls, yet for many of us, crypto has reshaped our lives.

Corrections are inherent in the upward trajectory; let's not lose our cool over another one...

Thanks for your attention, Adrian