R.I.P CAPCUT😭
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I’ve been thinking about something for a while now, which I thought I'd share. I don't usually do long-form posts or talk too personally, but here we go.
I love Bitcoin. It changed the direction of my life and shaped the work I do every day. But over the past year, something in me has felt muted. I haven’t been as vocal, as present, or as energised as I've been previously. And I’ve struggled to put my finger on why, until now.
Bitcoin hasn’t changed… but the direction of its narrative has.
Since the ETF era began, Bitcoin has increasingly been viewed through an institutional lens: a sound-money financial instrument curated by large institutions. And while there’s nothing inherently wrong with institutional adoption, something about that shift has quietly pulled the story away from what first lit a fire inside me about Bitcoin - a decentralised, permissionless, global network that empowers individuals.
Many people I’ve spoken to recently feel the same shift.
To be clear, ETFs and institutional growth are NOT a bad thing; they’re actually great for driving awareness of Bitcoin.
But Bitcoin’s value grows when more people strengthen its decentralised, self-sovereign network. That’s harder to do when more new entrants buy Bitcoin through ETFs, where the coins sit with a centralised US custodian. That flow doesn’t strengthen the network or advance Bitcoin self-sovereignty.
The roots of Bitcoin - sovereignty, resilience, freedom - still sit with us. With individuals. With people who hold their own keys, run nodes, transact, learn, and push the world steadily closer to decentralisation. We need to water those roots so that the tree can keep growing.
If we want Bitcoin to succeed in the way that matters most, we can’t rely on institutions to carry the narrative for us. They never will. That responsibility sits with us. And on reflection, I haven’t been carrying my share of it lately.
So I’m going to change that. I want to help strengthen the part of Bitcoin that truly matters: self-custody, decentralisation, and personal sovereignty. I’m going to start talking about these more, alongside the data and analysis I already share.
Bitcoin’s value is the number of people who secure it, who build on it, and who use it as a self-sovereign asset. If that fades, the magic of internet money may fade too.
Small actions compound. Every person who secures their own Bitcoin strengthens the network - and conversations about decentralisation strengthen the culture around it.
Right now, the market is still adjusting to this new era. But zooming out, I’m as optimistic as ever - because if we combine institutional awareness with real usage and a renewed focus on self-custody and decentralisation, Bitcoin’s future is incredibly bright.
Thanks for listening.
The future is bright, the future is orange. 🧡
Everyone is suddenly back to debating who to unfollow because this whole space has turned on itself yet again, so here is my take…
I usually stop following accounts that pump out views when everything is going up and then disappear the moment things turn down, right when the community needs them most.
Most step back because they do not want to be ridiculed. I get it. None of us do. But if you are in this game, it comes with the territory. You have to learn to take the hits...
I have been doing this a long time. I have been more right than wrong over the years, but I have had my fair share of bad takes too. That is the nature of markets. They humble everyone. If you do not like these insights, unfollow. Simple.
What counts is having the courage to stand up, be brave, and be bold when others are fearful. That is how you actually show up for the community when it matters most.
Right now, almost nobody wants to take a view. Everyone has their head buried in the sand and a bullish argument is the last thing anyone wants to hear.
When the market is falling like this it becomes almost impossible to separate signal from noise because every narrative is competing for emotional bandwidth. That is exactly why I am posting this. It is not a call and it is not an opinion. It is fact. Objective, not subjective, is what we need right now.
This market is oversold, but bottoms take time to form (chart 1).
When you look back at past oversold conditions, the path of least resistance has on average been higher following the last five times Bitcoin’s RSI dropped below 30 since this bull market began in Q4 2022 (chart 2).
Important note: If you believe the bull market is finished and we are entering twelve months of pain, these charts are not for you. Move along...
@maxseddon What a horrific, tragic waste of a brilliant life. I admire Navalni’s heroism but did he really have to become a martyr for Russia? For that monster Putin to exactly his revenge. I think it was too high a price to pay for demonstrating that the Kremlin could be toppled by will.
@InterMiamiCF Teflon Beckham is laughing all the way to the bank after defrauding Hong Kong fans. Messi was never going to risk an injury by playing💰🇭🇰
Stablecoins and other real-world assets could soon make their way to Bitcoin following the mainnet alpha launch of Taproot Assets on Bitcoin by @Lightning Network.
https://t.co/1i5K3WehhB
🚨 The trial of SBF has begun!
I spent all day in the courtroom 🏛️ And I've broken down the key moments you need to know, from jury selection intricacies to the government's stance on plea deals.
Don't miss Unchained's daily coverage of the trial 📺
https://t.co/JeoIsbe6uJ
Banning dog meat is the only way. For all countries. This is 2023 and this disgusting abuse, torture and trade in stolen and farmed dogs and cats and overstock from breeders needs to end. Go South Korea - push the ban through!
#bandogmeat#nodogmeat
Sam Altman - boss of OpenAI - is back in the news. He’s calling for greater regulation of AI.
I interviewed Sam back in 2017. It was an interesting exchange. He said I was ‘anti-progress’.
👇🏻👇🏻👇🏻
😱 Shitcoins on Bitcoin, oh my!
Bitcoin educator @danheld and Bitcoin Frontier Fund Managing Partner @TO join the show to discuss the breakneck rise of BRC-20s and why they’re bullish on what memecoins mean for the original blockchain. 🚀
🔊 Listen here: https://t.co/5OOWLoLUXA
@KentMarhonda@inkmartyr @MathieuChasse4 @DiedSuddenly_ I’m so sorry for everyone who is suffering as a result of being bullied into taking the vaccine and having their lives changed forever.