While I appreciate your thoughts, no bull runs will occur off the backs of individuals -- it's just math. IMO, that was only possible during the foundational years and the early price run ups.
Once you hit a certain price level, new price discovery has to be done by purchases of large tranches at scale. That's only happening from those that you hate unfortunately.
Retail has largely left Bitcoin and you can make the case they simply do not need it to function as Internet money for them. They'll simply continue to use the tradfi services and then will pivot to stablecoin offerings as they are ushered that way.
Login to reply
Replies (2)
prices are set at the margin, look how hard individuals pumped silver. it doesn't need massive amounts of new capital if there are fewer sellers, but maybe there are so many sellers because Bitcoin is becoming a captured piece of shit with a community of wall st fanboys
Why the fuck would they 'pivot to stablecoins?'