nerdydragon on Nostr: For those prioritizing shitcoins over Bitcoin - I’ve recently sent this in ...
For those prioritizing shitcoins over Bitcoin - I’ve recently sent this in response:
My thesis: No asset in history has absolute scarcity like Bitcoin. Up to this point, VC's have been pumping Alt's, traders have been using chart fundamentals, and both have been the largest influencers on price. This has driven billions of capital away from the revolutionary innovation, into speculator assets that have been dumping on retail investors and taking their money.
This cycle, institutions, mega-cap corps, and nation states are getting in, and almost exclusively into BTC. The convergence of a demand shock and supply shock will break all models and rocket BTC..up and to the right.
Plus - regulators in the US are in close coordination with others around the world to focus on all proof-of-stake coins and tokens to get them into compliance...which likely means most shutting down or moving to remote corners of the internet.
My thesis: No asset in history has absolute scarcity like Bitcoin. Up to this point, VC's have been pumping Alt's, traders have been using chart fundamentals, and both have been the largest influencers on price. This has driven billions of capital away from the revolutionary innovation, into speculator assets that have been dumping on retail investors and taking their money.
This cycle, institutions, mega-cap corps, and nation states are getting in, and almost exclusively into BTC. The convergence of a demand shock and supply shock will break all models and rocket BTC..up and to the right.
Plus - regulators in the US are in close coordination with others around the world to focus on all proof-of-stake coins and tokens to get them into compliance...which likely means most shutting down or moving to remote corners of the internet.