Until something changes in the world, I think retail is done with Bitcoin. Through the last three cycles, we picked up all the INTJ’s, libertarians and divergent thinkers. No one who “goes along to get along” is taking this ride and that’s most people. The institutions are here, but they want to control and neutralize Bitcoin and are willing to suppress it if they can’t.

The good news is that game theory dictates there will be more emergencies in fiat world and that will expand the market for un-fuck-with-able money to a new cohort.

The plan: stack sats, chill, let game theory play itself out.