There are 3 Questions now. 1) Does the World not want Bitcoin that much? 2) Is Bitcoin forecasting something bad about to happen? 3) Are money managers such a circle-jerk of fiat retardation that they can’t separate good assets from bad? Your guess is as good as mining right now.

Did’ja feel it? Gold is telling us Fiat is about to break, and Bitcoin is telling us Fiat (via speculation) is breaking. Greatest disconnect of our lifetime, imo. The conundrum is that almost no one is on the sidelines anymore. The play of Fiat v Bitcoin is already in motion, and unfortunately theres a LOT more players on the Fiat team. So hodl tight. It’s going to be exciting for awhile. I’ve long been on record for saying the Cycles were broken. I don’t think they’re broken anymore. I think they’re experiencing an Interval. And Intervals are fundamental to significant change. View quoted note →

Worthless Money is an Ocean we all swim, breathe and live in. We all swim, breathe and live in. Bitcoin is still a bubble. A life-saving, yet tiny bubble.

Here’s what we know “first principles”-wise on Bitcoin price action: 1) Everyone - EVERYONE - who understands Bitcoin has gone full into Bitcoin. So DCA is a minor - but an ongoing and fundamentally important - factor. This is something “Investmentland” doesn’t understand. 2) The new money coming from “Investmentland”, which ramped the fiat price up above $100k the last couple years, is now looking elsewhere because fiat does fiat. But they don’t have anywhere else to look, and they realize that. Hence gold/silver. 3) The Bitcoin network is unstoppable, so it will continue to grow. Development on the network will continue to grow. Bitcoin is the Bull in every china shop. 4) “OG Selling” has likely been a minor influence over the past few months, and will continue to wain as major OG’s were never KYC and selling triggers serious attention from gov’t entities. I personally don’t think this is much of a thing beyond those bartering Bitcoin for real estate et al assets in El Salvador. Selling pressure is coming from elsewhere, which brings us to… 5) “Paper Bitcoin” is something no one can measure. Yet if it looks like a duck, walks like a duck, quacks like a duck…it will eventually explode like a duck. Paper Bitcoin is undoubtedly rampant. Rampant. Remember when literally No One knew FTX existed? That’s where we are now. And there’s only one preparation for that: Self-Custody. Something will likely implode soon. It feels that way to me, and if it feels that way to you as well, then anything on exchange or in lending services is collateral damage. 6) Bitcoin is abiding. 7) We need to always be aligning our journey with Bitcoin.

I’ve long wondered about the blinders early Bitcoiners, investors in Bitcoin start-ups, and Bitcoin devs seemed to have about exactly Who is responsible for the essential code changes. I’ve speculated over the last year or more that this is the most likely attack vector.

Here’s the skinny: Wall St(tm)/ETF’s brought Bitcoin to $100k. But they are Fiat, so by definition they are now the dumbest people in the room. Bitcoin is in the hands of retards. For awhile. Until Nation States, Sovereign funds, Pension funds enter the space. These are people who don’t play games, just need predictable returns to run their business. Yes, they’re advised by Wall St(tm). But for decades they’ve been buying Wall Street’s cast-off sloppy seconds. For their manager’s idyllic trips to wherever. That’s a long road to travail, probably more than a “4 year cycle”. The trust in shitcoiners like Goldman Sachs is going to break. Not soon, but it will happen because it’s unavoidable. The headwinds to Bitcoin right now come from Bitcoiners living off Bitcoin, and the inarguable paper Bitcoin in play. Both of those WILL be transitory. The wresting of Bitcoin from the hands of Wall St(tm) to Sovereign investment will be impressive. When it comes.

The “First Follower” video of shirtless dancing guy is iconic, and if you don’t know you need to know…so go now. ——————————————————————————— The place Bitcoin is right now, imo, is the Third Followers phase. Everyone reading this was likely a Second Follower. Wall St became the Third Follower, but is still only dancing on the periphery waiting to see if a scene is actually happening. Next comes Nation States, Sovereign funds, etc.