I agree.
But for the first time in years I feel like we’re not even in the battle anymore.
Lack of any weekend & even overnight/weekday overseas volume/markets for more than two years now tells me traditional Bitcoiner Retail is dead.
All our previous Pleb-driven cycles are done. Toast.
Wall St is fully in control of Bitcoin now.
Which simply means the Dumb money is in control.
The hyper-sophisticated Fiat-wage-slaves trade Bitcoin, on their 9 to 5 schedule.
So hyper-Bitcoinization is not happening. Every.
Bitcoin is going to be “wage-slave” for quite awhile now. Quite a LONG while now.
Think 10% yield averaged over the next 10 years.
UNLESS AND UNTIL….Overnight and Overweekend markets kick fully into gear and break the Western-centric hold on Bitcoin.
Until we see THAT, Bitcoin is NASDAQ.
Don’t leverage or expect anything more than 10%.
Mark these words: Until the Non-Western “Flyover” markets clearly wrest control from Western “Wall St” markets, Bitcoin is going to trade like a trad-fi “FAANG” style investment.
So accumulate accordingly.