Buckle up kids, there's been a vibe shift. Long term holders have started accumulating
During this current correction, long term holders sold over 1 million BTC, the largest sell pressure event since 2019.
The US is trying to secure a nuclear powered bitcoin mining facility as part of a peace deal between Russia and Ukraine
Russias largest bank issued a collateralized Bitcoin loan to a miner
And you're buying silver, anon?
Watching my favorite movie with my dad, the Fifth Element. It has it all: action, romance, sci-fi and vibrant characters. And the heroes wear orange :)
The year is 1998. You play pogs with friends and win a slammer. After getting home, you go to the computer, dial up, and sign into ICQ. You send a hi to your crush. They say hi back. Before bed, you try beating the Water Temple and finally succeed. Life is simple, life is good.
Day in the life of a Bitcoin podcaster:
– wake up at 10:30am, immediately check price and tweet “gm to everyone except fiat holders” and "buy the dip"
– cold plunge for 15 minutes to “lower time preference”
– eat four raw eggs and a ribeye because “seed oils are a psyop”
– record a 2-hour solo podcast rambling about “the Bitcoin cycle js dead" and “hyperbitcoinization”
– spend 3 hours on X arguing with a no-coiner and retweeting Michael Saylor
– grab an overpriced coffee, try to pay via Lightning, hold up the line for 4 minutes (end up using Visa)
– edit podcast, add dramatic intro music and 5 mid-roll ads for VPNs and hardware wallets
– go on a Hinge date, ask her “what is money?” within the first 5 minutes
– refuses to tip because “taxation is theft” and "$10 more sats"
– go home and host a Twitter Space titled “Is the Dollar Collapsing Tonight?” (it is not)
– tell his 12 dedicated listeners to “stay humble, stack sats”
– go to bed at 3am, dreaming of the citadel
So the fear index is lower than during the FTX collapse...
Since FTX:
- We *survived* FTX
- The US created a strategic BTC stockpile
- Sovereign wealth, pensions, universities, and companies bought bitcoin
- Favorable regs enabled institutional access
Best example of the market can remain irrational longer than you can stay solvent