Is It “Gradually, then Suddenly” Time?

Bitcoin has spent more time above $100,000 in 2024-2025 than it did above $60,000 in 2021, the last time a bull run peaked after smashing through an all-time high. Hearing this fact brought me PTSD to thinking of 2021 when people were calling for a $100,000 Bitcoin then a few weeks later FTX blew up and Bitcoin free fell to below $20,000.

Today, I do not believe we are anywhere near “the end.” All of the fundamentals and opinions around Bitcoin only seem to be more positive than ever before.

Just about one month ago markets were in turmoil and Bitcoin reached a bottom of close to $75,000.

Just this week Bitcoin has moved above $100,000 and as of May 21st, smashed through $110,000 for the first time ever and sniffed $112,000.

It is interesting how quickly Bitcoin can move and with its movement, sentiment as well.

This is a reminder that timing the market is impossible. If you didn’t worry about timing and instead just spent time in the market, you easily captured this volatility that is a feature, not a bug, of Bitcoin. Volatility is vitality.

It’s funny that in such a short amount of time, Bitcoin being over $100,000 is considered “boring.” I am not seeing euphoria on my timelines and I am not hearing about retail clamoring to FOMO in and buy—but I do think we are very close to this happening. All this to say, Bitcoin being above $100,000 just feels “normal.”

Is this where we move from gradually to suddenly?

The idea of a “Gradually, then suddenly” moment is one where there is a substantial period of buildup and then an explosion all at once:

• A windmill slowly turns until it moves perpetually.

• Not being able to do a pull-up in the gym to suddenly being able to.

• A rollercoaster inching up the peak to then dive down.

Bitcoin has been the best-performing asset for the majority of the years since it was created and even with this history, countless people still have no idea what Bitcoin is and still believe it does not have value. As Bitcoin continued producing blocks and ticking away during this time all it was doing was adding to the “gradual” portion of its resumé.

When do we reach the “suddenly” period?

I do believe the pendulum has swung and we are rapidly approaching the “suddenly” moment, but are not there officially. We are at the point where there seem to be daily news updates, oftentimes multiple, of “insert country name” voting on a Bitcoin bill or of “insert company name” adding Bitcoin to their treasury.

The 2025 Bitcoin conference is next week and I believe we will have some amazing announcements and surprises. Depending on these surprises, we may catapult officially into the “suddenly” portion of Bitcoin’s life. After all, the United States does have a strategic Bitcoin reserve and there have been zero updates since that was announced. Is something going to be revealed at the conference?

Regardless of any potential announcement about the United States purchasing Bitcoin, the reality is that Bitcoin has game theory embedded in its core. If everyone wakes up tomorrow and decides to swap their fiat currencies for Bitcoin, the price of Bitcoin explodes. There is no money printer with Bitcoin, just simple supply and demand. The “suddenly” part of Bitcoin’s life cycle occurs when more and more people, corporations, and countries, understand this. The first movers in Bitcoin win. It pays to be first and it pays to act.

In hindsight, the “suddenly” moment will have been obvious. I am not waiting for it to be obvious, I am acting. I encourage you to do the same. It is 2025 and Bitcoin above $100,000 feels normal. In 10 years, we may very well say we were into Bitcoin when it moved from 5 figures to 6 for the last time.

Suddenly is coming.

Stack SATs.

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