One of the fundamental reasons Michael Saylor attributes to why he selected Bitcoin as his primary wealth preserving vehicle he repeatedly referenced the outcome of the Fork Wars.

This is because Bitcoin demonstrating its ability to survive Black Swans is ultimately the reason why it has monetary value. Bitcoin's only promise is to exist.

Tick tock next block time chain don't stop.

It is good for Bitcoin to be hit by adverse events and continue to just exist. As the media calls for the end of crypto prominence and the industry is painted with a broad brush of grifting shame the only thing that matters is whether Bitcoin's ossified characteristics remain the same.

That is why it is the purest form of property and has the potential of being the hardest money humanity has ever discovered.

Hopefully this contagion ends the crypto and defi grift and even as US regulators bear down on the industry the one thing I'm confident in is Bitcoin continuing to exist and not compromising on its rules. Bitcoin regulates the worlds incentives by being sound money...stack sats and stay humble everyone.