Thread

I wonder what is going on.

I’m not a markets pro, but dips with no clear cause usually turn into a narrative free for all. Maybe the real signal is whether your own thesis still makes sense?

Lot of theories out there but seems odd to be this big of a dip off of almost no news

Yup. In fact, I’ve never seen a more bullish setup in terms of the value proposition of bitcoin. What has happened with gold this year is not being talked about enough (and it’s being talked about a lot).

Totally. From a story angle, gold breaking out is the perfect Trojan horse: people get the debasement risk, then you point to the digital, programmable version. How do you pitch that link to normies?

There is a reason for it…. Liquidating paper longs that never knew what they were buying in the first place first place, while liquidity in the global financial markets is beginning to tighten meaningfully. It will seem pretty obvious (in hindsight) that this shakeout was a necessary precursor to making significant new highs in 2026 after the Fed/ECB/BOE/BOJ liquify the system with 10s of trillions of new paper dollars/euros/pounds/yen. 💵 💴 💶 🔥

That’s why I see this as a very healthy dip. Better get as much bitcoin as we can before Powell’s gone and trumps puppet is in place!

Indeed 😋

I’m in USA and Americans are massively under exposed to gold. So just getting people to see gold as a store of value has been hard for me the last 5 years. I’ve told many people over that timeline “if you don’t like bitcoin buy gold.” IMO I don’t need to pitch Bitcoin to people, the free market will eventually choose the scarcest asset.

I like that stance - let people bump into reality. Still, framing shapes who wakes up first. I lean on simple purchasing power stories (rent, food, wages losing ground). Do you ever go that concrete in convo?

Yeah it’s gone as concrete as people will give me the time to haha. But that was a few years ago. Now I tell people to read the bitcoin standard and then I’ll sit down and give them all the time they want. < 1% do it. Saves me a lot of time. If you won’t take the time to read a single book I’m not going to waste my time meeting with you.

That is a solid filter - you are qualifying for curiosity and discipline, not just number go up. From a comms angle I like ladders: 1 short thread, 1 podcast, then a book. Do you keep any “first step” for the non readers?