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@lopp@w_s_bitcoin If Bitcoin can be frozen at will, its value would be greatly diminished. One of Bitcoin's core values is that it can never be frozen, and we should defend that.
$86k btc is insanely cheap.
buy as much as you can.
pull it off exchanges.
lock it in your cold wallet.
let the market do its thing. whether it’s real whales or paper btc getting dumped to shake holders out, it doesn’t matter.
time is on the side of those with conviction.
♾/21m.
btc will win.
I was lucky enough to speak to the head of this project at Charles Schwab and give my feedback on what features they should consider. From what I understand this project is a big deal for Charles Schwab and they are taking it very seriously.
It's hard to overestimate how important steps like this are in the adoption of Bitcoin. The largest financial institutions in the world are building out platforms to give Bitcoin exposure to millions of their customers. They are becoming comfortable with their customers having an exposure to Bitcoin (such as Bank of America recommending as high as 4%).
Most Americans are still massively underexposed to Bitcoin so this is going to be a massive wall of capital flowing into Bitcoin over the next decade. It's similar to the moment that gold finally got an ETF (GLD) which lead to a multi-year bull run in gold.
Yet this is a much bigger deal because the Bitcoin ETF is only a small part of the financialization of Bitcoin taking place.
Those predicting the end of the bull market because of a dogmatic adherence to the four year cycle are missing the big picture here. We are at the part of the adoption curve where the early majority begin getting their exposure to Bitcoin.
If you’re newer to Bitcoin, here’s the best advice I can give you:
Stop watching your dollar balance every day.
It’s noise. It’ll pull you into bad decisions.
Focus on one thing: your total Bitcoin stack.
Set simple targets.
Maybe your first goal is 0.1 BTC.
Then work toward 0.25 BTC.
Then keep going.
Bitcoin rewards people who think in years, not days.
5-10 years from now, the only number that will matter is how much Bitcoin you actually accumulated. Not what your account balance said on a random Friday.
And if you believe Bitcoin is headed toward $1,000,000 plus in the next decade, just stay focused on the long game.
Bitcoin doesn't need DeFi
Bitcoin doesn't need NFTs
Bitcoin doesn't need Web3
Bitcoin doesn't need Metaverse
Bitcoin doesn't need ICOs
Bitcoin doesn't need Memecoins
Bitcoin is money and it doesn't need to be anything else.
During alt seasons Bitcoin would often slow or retreat from its bull move temporarily as capital flowed out of it and rotated into alts. I suspect something similar is happening with momentum capital rotating out of Bitcoin into gold. But as with alt season the capital always flows back into Bitcoin because it's fundamentally better money.
Bitcoin is still 10x superior to gold along the attributes that make for a good store of value and the market will eventually figure that out.
If anything these irrational rotations are not just a test, but an opportunity for those who understand the fundamentals.