Confession: While I was right (so far) that the btc ETF investors would be stronger than ppl thought, I was wrong when I said we’d see less wild volatility. I’ll take the L there. I thought ETFs retail replaced dumdum pre-FTX retail = more stability but what I didn’t factor in was the OGs puking so much. I figured they’re solid as a rock since they HODL-ed through hell bf. Also, the 450% gain in two years Shoukd have also been red flag. Thats too much too quickly. That said we never wavered in classifying btc as hot sauce, which it def is at least for the foreseeable future.

Eric Balchunas
@EricBalchunas
07-27
This guy gets it. We’ve been saying same thing. Since BlackRock filing Bitcoin is up like 250% with much less volatility and no vomit-inducing drawdowns. This has helped it attract even bigger fish and gives it fighting chance to be adopted as currency. Downside is prob no more x.com/MitchellAskew/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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