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What I don't get is her lack of concern about Treasury and institutional accumulation when these will all be KYCed and in the case of ETFs and Strategy give governments additional pretext to ban private custody as they will say- 'you can still enjoy BTC price exposure/SoV via ETFs or Strategy shares so there is no real need for private custody and the money laundering and criminal elements that might misuse it.'
I don't agree with this at all, but I have to respect Lyn's opinion. She knows more about this than me.
Re the four year cycle, I guess it doesn't really matter. There will be bull and bear markets. Personally I have no doubt we're looking at a real bear market in the not so distant future, but that's because this is now my third cycle and it just has the same feel. Not very analytical, I know.