Have none of these commenters yet seen this week's Mailbag Monday and the talk of the ₿itcoin IPO thesis?
Everything is going just fine from that vantage point! VERY bullish, in fact. (Stack cheap sats!)
I really think it could be that upside down ketchup scenario that we’re experiencing.
I’m not expecting (or hoping for) any crazy upside over the coming 3-4 years, until most of the supply is in the hands of the institutions………… and then 🧨 🧨 🧨
Bitcoin is showing signs of becoming a stable asset. This might deter some investors who are looking for explosive growth or rapid capital gains.
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Whales dumping trying to make cycle theory a self-fulfilling prophecy. But we're absorbing their coins. Might be a while until we get a bull market again. Just hang in there...