Bitcoin came into being during the last great crisis, but it will really be forged in the next one.
My main theory on BTC price: - it moves with Fed balance sheet / liquidity, always has - we were never supposed to have a 2023-25 bull market into QT - the SVB spike which was quickly unwound set in motion a price pump, but was a false start - ETF and strategic Bitcoin reserve headlines kept it going - we’re now - as many are calling a bear market - heading into the conditions where BTC historically actually pumps image
Wild how different the experience on here is compared to X. X is basically just a propaganda battlefield at this stage. Browsing Nostr I feel relaxed, it’s easy to put the phone down. Browsing X gets me in a state of anger as I doom scroll for hours
It’s obvious that as the boomer generation permanently fades out over the next 10 years or so, shit is going to hit the fan everywhere.
Number go up is a nice feature. But actually, even if Bitcoin forever stays at $92,255, whatever part of my net worth I have stored in it and in cold storage, is mine and my family’s forever. You can’t say the same for all your other assets, which will inevitably get turbo taxed or confiscated in war or economic collapse. Yes, that includes your Bitcoin ETFs. So you might go “oh perhaps I should get some”. You try to buy Bitcoin after going through degrading KYC exercises and your card rejects the transaction. You try to send $10k to Coinbase and your bank’s AML department would like a word with you. Soft capital controls are already everywhere, and the net is tightening. If you’re still fixated on Bitcoin price, you’re thinking about the wrong way. Stack sats like your life depends on it.