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Who cares? Whenever this bull run stalls and crashes, people who don't think this way will sell out thinking the party is over. Meanwhile, the total number of
by anonporridge 5y ago
Who cares? Whenever this bull run stalls and crashes, people who don't think this way will sell out thinking the party is over.
Meanwhile, the total number of people who view bitcoin as a permanent allocation in their asset portfolio will have increased drastically, and they'll keep on stacking sats.
Each boom bust cycle operates this way. A minority of new investors become true believers, and the rest of the chaff wash away in the crash.