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BTCDJ 6 days ago
It's a free and open protocol, so everyone gets their own vision of how Bitcoin should be used. Saylor has his, BlackRock has theirs, you have yours, and Odell has his. None are inherently wrong. But here's the part that doesn't track, the same crowd constantly preaching 'you do you' and 'stop whinging about what others are doing' is the first to call everything that doesn't pass their purity test a scam, a lie, gatekeeping, or a psyop. Saylor and BlackRock didn't force anyone, there's a reason they've been so massively popular. People like their products. End of story. No one held a gun to retail or institutional heads, millions voluntarily handed over their money because they see upside with real exposure to Bitcoin. Without that capital and mainstream adoption, we'd likely still be sitting around $20k wondering why nobody cares. The '20k BTC widely spread in perfect self-custody' ideal sounds nice in theory, but real-world progress required big players too. You do you, and let others do the same without the endless gatekeeping and purity tests. That's how a permissionless network actually grows.

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Stashing a large junk of the supply in wall street vaults - effectively reducing the circulating supply - is many things but certainly not mass adoption. If that were true we wouldn't be at 60k. Less supply = higher value. not the other way around. Yes Bitcoin is for everyone but we've obviously sold too much of the supply too fast to the wrong people.
BTCDJ's avatar
BTCDJ 6 days ago
Stashing large chunks with strong hands (institutions, corps) who aren't dumping is textbook bullish - it tightens supply and brings legitimacy, ETFs, and new capital. That's exactly why we're at $60k+ instead of $20k. Calling it 'selling to the "wrong people" is just purity cope. Bitcoin is for everyone, not just the self-appointed guardians who decide who's "right". No one forced institutions to buy - the market voted.
BTCDJ's avatar
BTCDJ 6 days ago
Saylor stacked through multiple cycles while you sit here praying for a crash to feel smart. The lack of self-awareness is actually impressive.