I really think it could be that upside down ketchup scenario that weβre experiencing.
Iβm not expecting (or hoping for) any crazy upside over the coming 3-4 years, until most of the supply is in the hands of the institutionsβ¦β¦β¦β¦ and then 𧨠𧨠π§¨
Have none of these commenters yet seen this week's Mailbag Monday and the talk of the βΏitcoin IPO thesis?
Everything is going just fine from that vantage point! VERY bullish, in fact. (Stack cheap sats!)
Bitcoin is showing signs of becoming a stable asset. This might deter some investors who are looking for explosive growth or rapid capital gains.
View quoted note β
Whales dumping trying to make cycle theory a self-fulfilling prophecy. But we're absorbing their coins. Might be a while until we get a bull market again. Just hang in there...