NO fkn Bueno! π€¬
I have seen this study of beer also. Chinese beers were the highest in the world & German beer was the lowest in pesticide remnants.
π€ Feels to me like a few obvious things are happening all at once within Bitcoin & shitcoins.
1) Big political names like the Trump family getting involved brings global heat & scrutiny to target & hurt the businesses around them. 2) the drawdown shrinks profits & weakens a big Republican donor base. 3) the usual leverage is getting completely flushed out like every cycle. 4) the prices are being reset low enough for banks & hedge funds to finally step in big & load up cheap before the next breakout run up.
So, the little guys get shaken out, the donors get squeezed, & Wall Street quietly reloads at a discount⦠same fkn game, different cycle.
Emergent technologies are inherently volatileβ¦
Amazon (AMZN)
94% collapse in price 1999β2001
56% drop from 2021β2022
Meta (META)
77% peak-to-trough decline from 2021-2022 bottom.
Nvidia (NVDA)
85% drawdown 2007β2008
66% from late 2021 to late 2022
Tesla (TSLA)
50% sell off 2024β2025
Bitcoin (BTC)
84% down in the 2018 bear market.
77% in the 2021β22 crash following the peak.
