I think the bitcoin doomerism is going to be similar to the bitcoin shills claiming the next stop is bitcoin to a million in 2025. Just noise.
The curios case of Benjamin Bitcoin In the movie and the F. Scott Fiztgerald story on which it is based, Button gets younger as everyone else ages. Bitcoin is like that: A fixed supply cap of 21 million BTC made it stronger — younger in the analysts' terms — as the dollar weakened from regular money printing. Now it's fraying, like the kid version of Button, who looks 10 but acts 80, stuck playing piano for retirees. Bitcoin used to rise with more global cash and weaker dollars, but since 2025, the relationship has reversed. It now falls with the dollar. The Dollar Index has dropped nearly 1% this year, extending last year's near 10% slide. "Prior to 2025, Bitcoin rose when the dollar fell and Global M2 money supply (converted to dollars) rose, thus “aging backward” versus fiat, but since 2025 the relationship has reversed," the analysts said. The behavior is compounded by bitcoin closely following Wall Street's tech heavy Nasdaq 100 index and growth stocks, surging on dovish pivots by the Federal Reserve and slumping on hawkish ones. https://www.coindesk.com/markets/20...coin-crash-to-usd38-000-yes-you-read-it-right
If you're working and stacking sats this dip is a godsend. If you're living off your equity then this can be harrowing.
A friendly reminder to focus on the fundamentals. The protocol and network are unchanged, and the fed is still going to have to print until their eyes bleed.
Talks about this a bit. Sorry no timestamps. Tldr = Knowledge arbitrage. Bitcoin is a commodity but is treated like a tech stock by the layperson.
Those silly laypeople. The sophisticates know it's a commodity that is the preferred choice of kidnappers like Savannah Guthrie's mother. It's not a stock -- it's a commodity that can be bartered for senior citizens. You don't need stocks when you can be down 50% in 3 months --- but can barter for SENIOR CITIZENs in return.
BTC is still looking for an identity. one day it's the new currency. one day it's store of wealth. one day it's software. one day it's a meme.
In a way, it's all those things. Is it a currency? Depends on what you're moving and where you're moving it. Five bucks down the street? Not great. Five thousand bucks around the world? Fantastic. Is it a store of wealth? Depends on how long you need to store that wealth. Five months? Not great. Five years? Unmatched. Is it software? Yes and no. Bitcoin is more of a network and ledger. People use different software to interact with the network and administer the ledger, so software is a necessary but not sufficient piece of the larger picture. Is it a meme? Always. The properties of Bitcoin have never changed. Everything else is changing around it, including people's level of knowledge and understanding. As Saylor says, if everyone understood Bitcoin, there would be no opportunity. Take advantage of other people's ignorance of two key things; 1) Bitcoin is the hardest asset in the world and 2) currency debasement is a mathematical certainty.
Be careful out there. Play stupid games -- win stupid prizes. Up to you to trust online grifters or Detective Gordon, the last honest man in Gotham who moonlights as an economist. Online grifters run on "belief", ""hopium" and "feeling good", in an attempt to disregard fundamentals and reality.
