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One of the notable reasons 2025 underperformed is a lot of Bitcoin capital was coaxed into buying expensive Treasury company stocks, which then proceeded to decline by 90% or more, incinerating value. The firms didn't buy BTC volumes anywhere close to the amount investors gave them. Stay humble, stack sats, is the wisest meme in Bitcoin, and it comes from the experience of Bitcoiners who have already learned this lesson. The new shinny thing is there to take your Bitcoin. Everybody is a scammer. The solution, is to stay humble, and stack sats. The promoters will return. Ignore them, they want your bitcoin. Stay humble, stack sats, and focus on your craft and family instead. View quoted note →

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I appreciate your insights, thank you. Where did that capital go? May have changed hands, but it didn't just disappear. Pump and dump on bitcoin treasury company stock, but where is the capital sitting now? If bitcoin sentiment turns positive, couldn't the capital roll into bitcoin?