If I could pass on one broad-brushed recognition to anyone interested in Bitcoin, as a trad-fi professional from the early 1990’s:
When anything has ever happened in trad-fi, everyone looked to a news outlet or other localized source (if we knew good ones) to help them figure out what was happening. That’s because in Trad-Fi, almost nothing happened that YOU as “RETAIL” would or could ever know beforehand.
Thus Trad-Fi has been honed over a century in a myriad crazy-making ways to find and pay attention to outside sources to play catch-up. This is something Bitcoiners don’t understand yet, and need to. If you’ve heard the name Bloomberg, you might understand how profitable “telling people what is happening as quickly as possible” was.
Bitcoin is outside this world. Entirely and Authentically.
Nothing (long-term) happens in Bitcoin that is known by others beforehand.
Read those last sentences again. Please. I didn’t type this because I’m getting paid.
Yes, every Bitcoiner knows without question that Bitcoin is an innovation far more than an investment. And yes, Retail doesn’t control Bitcoin anymore, Institutional Investing does.
Bitcoin was never created to be a token. Get that idea out of your head, entirely.
Bitcoin was created to become a NETWORK that could perpetuate monetary value globally and automatically without corruption indefinitely.
Understanding this, I can say that I personally have stopped looking to any outside news org to tell me why or what is happening in Bitcoin. Because the token is a distraction and a brief plaything of those who have the power at the moment.
The Network is the Camel.
And God Willing, it will pass through the eye of the needle.
Whatever happens with Bitcoin the token, know that it is only reacting and reflecting what is real, and what has not yet become obvious to anyone else, but will eventually and equally.
That said, yes. Institutions are absolutely influencing Bitcoin’s token-price. And this will continue until Nation States rug-pull the Institutions. Then Nation States will influence Bitcoin’s token-price. Until they get rug-pulled.
tl’dr: don’t look for news to tell you what’s happening with Bitcoin’s price. Look to Bitcoin’s price to understand what is about to be recognized in the IRL.
