Opinion
Odell and Parker Lewis are totally wrong about digital credit. After trying to orange pill everyone in my entourage and basically everyone I met:
Most people and most businesses cannot stomach the volatilty of Bitcoin. As long as bitcoin is monetizing, they will never buy bitcoin. That is just reality based on my experience and was I have been observing in 6+ years after discovering bitcoin.
As someone that thinks we would live in a better world on a bitcoin standard, I think digital credit (strc, sata,etc) are a major plus for the world, for bitcoin and for strc investors.
Digital credit will drive demand for bitcoin while giving back 12% returns with less volatility than the sp500.
I think Parker and Odell should continue focusing on their mission of getting more people to self custody and I think Michael Saylor is doing incredible work to pump the price of Bitcoin.
Voila
So I have a couple friends, I convinced them to go big on bitcoin in january 2021. They became maxis. They allocated 50% to 95% of their assest to self custody bitcoin.
We are talking business owners with a lot of money compared to the average person.
They are now all divesting away from bitcoin. Bringing down their allocation to 20-35%.
No plans on ever bringing the allocation back up to their previous level.
They were there through thick and thin from 60 to 16 to 126, dca the whole way.
We are losing massive capital that will never come back.
Sentiment probably at all times lows.
Thoughts?