It is nuts to me that we've chopped sideways for a year at 100K. That's a lot of coiled up energy. I have no idea how Q4 will end. My guess is we're going to sleepwalk into 2026, hit some turbulence in both the economy and in Bitcoin's protocol, and then take off like a scalded dog sometime in the Spring/Summer.
We should also take into consideration the seriousness of the crime. Selling weed cookies for $50 and using Bitcoin is technically a crime, but nobody really cares. There are some TOR like solutions but you can ask Ross Albright how that turned out. There are a lot of paranoid bitcoiners who claim to have non KYC bitcoin, basically meaning nobody knows they are the ones holding the address.
The stuff with Tornado Cash and Samurai Wallet was pretty eye opening. There is technology that truly does obfuscate, forever, who owns what. The US gov jumped all over that and arrested and/or booted those folks out of the country, but it does come awfully close to a free speech issue given that this is all just code.
