[ Thoughts on $CDB price action. ]
The only thing that has changed is sentiment.
NOT fundamentals.
The last thing I heard was that they are in the process of meeting regulatory requirements.
This is a 19+ year-old company. If this token goes under, it's likely their company and reputation after decades of work will too.
I doubt they want this to be the outcome.
Since nothing has changed, my thesis remains intact. Real company, real clients, real revenue.
Deflationary pressure will spike when buyback/burns turn on.
With that said, this PA wasn't expected. Understand that some will be shaken by this PA as its not for the feint of heart.
I am not selling $CDB down here.
Study conviction.
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