Total victory & utter failure
Basically crypto & bitcoin have won:
Banks on board(ing), US government on board, pro-crypto laws being passed, wall street on board, most people know what bitcoin is, and interest only growing
At the same time it has and will change NOTHING
People are just as miserable and unaware as before
Extremely important lesson in there
So what was it all for?
Only the few that really turn inside will figure that one out
@FredWick7 if many bitcoin treasury companies blow up....who knows how heavy the correction will be
this prediction from my friend @KevinWSHPod is the best one if have seen this year 👇
One of my predictions this cycle:
The 100s of Microstrategy copycats bring BTC to 200-250K by creating insane amount of leverage
They compete with each other to offer the best “BTC yield” - like CEFI companies did in 2021
They over leverage themselves and take too much risks
Retail and institutions buy their stocks because “its free money”
Altcoins go mad due to wealth effect of BTC being at 200K +
Every gets rich on paper (as usual)
At some point, the leverage gets too insane and everything blows up
A lot of the Microstrategy copycats go out of business
Tons of people blow up
BTC goes to 69.420 USD, down 72% from its ATH
All the alts get rekt
We all get poor again - as usual
We all get called scammers again by all the people who pilled in when leverage was too high - as usual
Microstrategy itself is fine
We all get to buy crypto at depressed prices in 2027 but almost no one does because they’ve been too burnt - as usual
The cycle starts again - as usual
History doesnt repeat but it rhymes
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