NEWS: First post-quantum Bitcoin (sBTC) transfer on Stacks, Bitcoin’s execution layer.
Transfer live on mainnet.
Shows how Bitcoin layers can be ready for post-quantum even before Bitcoin L1. More importantly, we can help contribute to Bitcoin’s quantum upgrade. Forward!
"They tend to sell Bitcoin whenever there's risk in the technology sector, which absolutely doesn't make rational sense. But this is what's happening in the market."
Muneeb Ali (@muneeb) made me more bullish on #Bitcoin. I’m currently all-in in #Altcoins, and I think I should have way more Bitcoin as we’re literally just getting started with the adoption of Bitcoin.
Wall Street finally jumped into Bitcoin too, and the adoption continues to grow.
Institutions put Bitcoin on their balance sheets next to their tech exposure, so every time the Nasdaq wobbles, Bitcoin gets sold with it. The "digital gold" trades like a semiconductor stock, not because the asset changed, but because of where its new owners filed it.
And his sharper point underneath: everything else in crypto actually does look like technology to these investors. Other L1s, L2s, the whole stack, that's a tech bet, fine. "Whereas Bitcoin shouldn't be correlated to a tech stock." The one asset in the industry with a store-of-value claim inherited the correlation of everything built around it.
The result, by his favorite metric: thirteen years in, Bitcoin sits at less than 10% of gold's market cap. "I would have expected us to be maybe twenty, thirty percent of gold by now."
Translation: the gap between what Bitcoin is and how it trades is being set by its least convinced holders. Institutions selling store-of-value for tech-sector reasons is either the market's biggest mispricing, or proof the store-of-value thesis was always a retail story. One of those is an opportunity. The other is a warning.
@muneeb 제가 stx외에도 주의깊게 봤던 유망한 알트코인 중에선 꽤나 견고하게 버티는 녀석들도 있더라구요, 하지만 제가 가잔 유망하다고 생각해서 홀딩을 선택했던 stx는 가격이 버텨지지 못 할 때 마다 stx의 앞길만 유독 무언가가 막는 느낌이 들어서 한탄을 해봤습니다... 답변 감사합니다.
@muneeb 감사합니다. 아마 사라지지 않는 모니터링태그이슈, 좋지 않은 시장상황 등으로 확실히 좋아지고 있는 stx의 기술력에도 불구하고, $0.46까지 올랐던 가격이 다시 $0.3이하로 떨어지며 방어하지 못하는 상황들에 지치는 홀더들이 있을거에요, 저는 이런 부분에 대한 피드백이 중요하다고 생각했어요