To the normie Bitcoin is synonymous with cryptocurrency or Internet money. It’s the Kleenex of facial tissue. BTC/USD is +50% over the past 5 years. That’s a gain of 10% per year. Acceptable but not that great. About what you expect from a good ETF in stocks. Has Bitcoin ever been this boring before? 11/30/17 - 14,389 11/30/22 - 16,605 +15% over 5 years or +3% per year There’s two ways to look at it. Either the bear market isn’t over or it’s not as bad as it’s been before.

During these times remember there are no safety nets. There is no Bitcoin Reserve to bail out a failed exchange. There is no Bitcoin Mac to bail out your over-leveraged position. A quality that fiat lacks: true price discover. And that’s what makes Bitcoin a true money. Jamie Dimon can run his victory lap on the kosher news circuit but he’s won nothing.