The best solution is for Bitcoin to again drop to $25,000 where Wall-Streeters and those around them will lick their gaping wounds while the 99% can again partake in Bitcoin’s rebirth and its proper growth this time around, as it should be, with no involvement of Wall-Street, politicians, nation-states, billionaires or the greed-seeking Media-Bitcoin-Industrial complex.
I'm a bitcoin hipster. I'll admit it.
This also seems to be bitcoin's way and this time might not be so different. Faint mass market utility while some hidden levers mysteriously synchronize, then like a full moon, unwind until they meet again. There is something healthier about the periodic burn of that versus indefinite treasury companies spinning up from nothing, confidence pumping - our leverage and market are differentiated from all the other leverage and market out there.
Akin to Warren Buffet's famous quote about how you see who's been swimming naked when the tide goes out, the bear market is when you find out who's a real Bitcoiner and who's just a Number-Go-Upper. Especially among the billionaire/influencer class.
I know for a fact many of them entered the water fully clothed is the part that scares me.
This made me think of Car's discussion with David Bailey. Davey was incredulous - "what's wrong with bitcoin treasury companies?"
Lol love the "Bitcoin hipster" schtick. I know a few of those 😭
The title alone got me
Majority of corporate organizations holding and not using so utility is failing