I'M SORRY BUT NOBODY IS TALKING ABOUT WHAT BITCOIN JUST DID.
Multi-year Cup and Handle. Complete.
Breakout. DONE.
Perfect retest. DONE.
Structure confirmed. DONE.
This pattern took years to build.
And nobody noticed.
Cup and Handle breakouts don't move 20%.
They move hundreds of percent.
The retest just finished.
The launch is next.
$220K is the minimum target.
Most people will only find out after it happens.
Messages like these are important and keep the Bitcoin ethos alive. It might feel like 'Bitcoin is being co-opted by institutions', but Bitcoin is the trojan horse!
Yes, institutions come for the gains, just like every newbie ever did. But the bigger their position becomes, the more incentive they have to understand the tech, and the more they start caring about Bitcoin's neutrality and decentralization.
How exactly was Bitcoin supposed to become a world reserve asset without institutions adopting it? Zoomers arenโt interested yet, theyโre mostly too young to think about pensions or long-term savings.
Bitcoin is a Store Of Value first. Most value in the world is stored with institutions.
Centralization has always happened in Bitcoin. Mt. Gox, FTX, and now Coinbase as the largest ETF custodian. Is it ideal? No. But just like thousands of shitcoins created noise, these are unavoidable detours. Everyone is free to use Bitcoin however they want. TradFi players will of course try to bring fiat practices, this is what a transition phase looks like.
Should we educate people about self-sovereignty, lightning/p2p transactions? Absolutely.
But optionality is what matters. If someone prefers a custodial solution, thatโs their choice. What matters is that I can always transact p2p if I want to.
JUST IN: ๐บ๐ธ Binance Founder CZ to file defamation lawsuit against anti-crypto US Senator Elizabeth Warren if she does not retract her "false statements."
I think @BlackRock are going to have a busy day when USA wake up in a few hours.
โWhy is price going down!?โ
โBuy me gold insteadโ
โYes sir, as you say sirโ
- Wynn