Why do you think Bitcoin was able to reach $69,000 in late 2021, 1,507 days ago with only retail tail winds? And why has it only appreciated ~28% since the 2021 ATH? With all of these tail winds…. - Changes to the FASB fair accounting rules. This was a major development for institutional Bitcoin investors. - The announcement of a Bitcoin strategic reserve in the USA. - The announcement of the Pakistani strategic reserve. - Saudi Arabia and the UAE accumulating Bitcoin en masse. - China mining and accumulating Bitcoin en masse. - The ability to allocate towards Bitcoin in Superannuation type retirement / 401K funds across the globe in multiple countries. - Blackrock offering the IBIT BTC ETF and subsequently mopping up ~770,000 Bitcoin as of today - Strategy accumulating a record amount of Bitcoin to the tune of 671,000 - XX1 announcing its ability to be publicly traded with an initial balance of 43,500 Bitcoin. - Record amounts of Bitcoin being drained from exchanges over the past year. - Fidelity, Grayscale, ARK, Bitwise and all the other smaller ETF players accumulating ~530,000 Bitcoin. - Matathon mining accumulating 50,000 Bitcoin. - Metaplanet accumulating 30,000 Bitcoin. - Record amounts of Bitcoin podcasts and Bitcoin only content online. - The proliferation of NOSTR. - The strengthening and expanding of Bitcoin credit providers like LEDN and Block Earner. - Record amounts of favourable legislation towards Bitcoin in the US 🇺🇸 - An exponential Exohash mining increase going from 170 in late 2021 to 1,100 in 2025. An almost 6x in computing power within the Bitcoin mining sector. - An accelerated under performance of altcoins with record outflows of capital from shit coins to Bitcoin over the last 5 years. - Stocks, property, gold, silver and every other asset pumping and reaching new ATHs daily. There is plenty of money out in the ether. And after all of that, Bitcoin has barely managed a 27% return since its 2021 peak over 4 years ago??? $69,000 to $87,000 with all the above factored is a woeful underperformance - especially over a 1,507 day time period. When 50% CAGR? When the end of 27% returns over 1,507 day time periods. Why Bitcoin podcasters always use copium math and measure from post FTX blow up (16k) to ATH (126k)? Why they use hopium math / girl math to make a woefully underperforming asset look good? When we stop putting lipstick 💄 on the pig 🐷? #asknostr