Market prices are truth, and the more the treasury company reps sorry, retail delivery systems, talk, the more the bitcoin price falls.
Also, check out $Naka in response to the announcement of a massive share issuance program. LOVE. IT
Financial gravity is re-asserting itself
We, the nerdy outsiders who were once dead-set on building a new and improved world have become cheerleaders for regulated, permissioned securities — neatly levered up and financially engineered for maximum bitcoin-per-share. The laws of financial gravity rudely shoved aside, even the staunchest rebellious hacker has given up most of their principles now that Wall Street is paying $2, $3, or $5 for a dollar of bitcoin. (#984224)
(Y'alls happy about that SN backlink?!)
The dissonance couldn’t have been greater between the bullish words said on stage, the impressive and plausible-sounding gospel from the dozen or so treasury companies present, and the harsh reality of an ever-decreasing price. It’s almost like the more David Bailey et al. talk and pump their bitcoin-acquisition vehicle stocks, the worse our market becomes and the lower the price goes.