Much focus is placed on money.
However wealth is created and destroyed by our financial habits which have nothing to do with protocols, tokens, or yield.
Not sure who needs to hear this but I’ve seen a number place’s recently, “this bear is worse than others”.
It’s not *and* there’s still plenty to go.
It feels “worse” because we’re in depths of it *and* people quickly forget reality once it’s past (how terrible the previous bear felt). Plus for many this is their first.
Since 2013, peak to the start of ensuing bull mkts - the full 🐻- lasted on avg 979 days.
We are currently at day 660 (since ‘21 peak), suggesting 319 more days until next wave up begins.
So, probability wise, there’s still about a year to go.
Halvings are approx. 210,000 blocks.
The last 3 bull moves lasted an avg of 73k blocks.
Meaning bears lasted 136k blocks or 945 days on avg. similar to the above but counting blocks instead of actual calendar days.
With mass adoption comes the psychology of those people’s trading behaviors.
Making modern bears look “different” than they did when it was just a bunch of committed laser 👀’s.
IMO, there is a reason Wall Street is preparing for entry now, the last 6mo. ⬆️⬆️ is crucial to understanding. Again, just my opinion.
It is abundantly clear…
In the next 10-20 years, more legacies will be built than in the past 100 years.
The history books will eventually reflect this.
The real difference between *money* and *wealth*:
“He who works his land will have abundant food (#bitcoin), but the one who chases fantasies (#fiat) will have his fill of poverty.” -Proverbs 28:19
We’re still early in the use of big data to steer crowds.
A movement that has been progressively refined over the last 50 yrs but *is* what will wield the most power going forward.
I’ll call it “The Unseen War”. Hiding in plain sight. Felt by everyone seen by only a few.