The story of bitcoin and the wider crypto eco system being this decentralized paradise where the future will be written is slowly coming to an end. Neither BTC or Crypto is ending themselves, but the idea that they are still the wild west and not broadly accepted by the powers that be is almost over. Everyone on wall street talks about crypto, btc, raven coin, eth, sol, whatever bodily fluid coin of the week is hot, doge, and others. A whole country tried (and failed the failed part is important) to implement BTC as a currency. There are people under 25 who aren’t even trying to keep USD money on them at all, having a small checking account opened to get a pay check into but then depositing it into crypto as soon as possible. BTC and ETH even have highly liquid ETFs.
No, the fact is the two major coins are here to stay. Maybe not at these prices, either going higher or lower, but there will always be some level of institutional ownership in the space now. The ETF launches last year confirmed it.
At 105,000~ a bitcoin as I write this I want to say I’m decidedly less bullish I am on the space as a vechile to make wealth as I was any time between 2018 - 2022. In fact, I was more bullish at 21,000 in 2018 than I am now, leagues more so. The reason is Saylor.
Keep reading with a 7-day free trial
Subscribe to Sleepysol’s Newsletter to keep reading this post and get 7 days of free access to the full post archives.