Postaus

i don't think the ripple effects of the bitcoin hack have even started yet. there's a saying that is mostly true, 'the bottom is in when you run out of sellers, not when the buyers step in'. unfortunately what i think the bitcoin hack did was 2 fold: - it unlocked a new class of sellers that perfectly fine hodl'ing before... long term holders with self-custodied assets... holders that don't like the idea of centralized holding but now feel uneasy with how they've been holding for years.. not great. - continued to put dings in the bitcoin narrative as a pristine SoV. my personal thoughts around bitcoin is that it could go up at some point, but will likely find a range, not a new high until it becomes one of the following: daily transactional money or a pristine SoV. I have my doubts that it ever becomes daily transactional money... I do think it eventually becomes a pristine SoV.. but not until there are clear answers for quantum, ai-assisted hacks, tail end security answered, etc. no one is paying 300k per bitcoin when people are getting their entire balance wiped by hacks while doing nothing and following what everyone has always told them to do for safe storage#SoftPCEStrongDemand #AMZNMissesButRallies #MSFT450BInADay