I’ll never forget the investment manager at my old employer who laughed in my face when I told him I put majority of every paycheck into Bitcoin 5 years ago.
Bitcoin twitter 2022: “You are the yield!!! Get your coins off the exchange!!!”
Bitcoin twitter now: “I’m all in MSTR, MSTU, IBIT. How can I earn more yield on my MSTR? How can I lend my bitcoin to Cantor Fitzgerald?”
Bitcoiners before: Fix the money, fix the world.
Bitcoiners now: don’t self custody, trust the government with bitcoin ious, earn fiat yield on bitcoin ious.