I think part of the reason people aren't buying Bitcoin is because it feels like the asymmetry is gone.
People used to think this thing could go down 50% but it could also go up 10x. Now it feels li...
A lot of crypto folks having their “ come to Jesus” moment. The funny thing is if this or even 50k is the low that’s about in line with a pullback based upon the price appreciation of 8.4x off the bottom. Last cycle was a 23x and pulled back 76% I think. 50% seems appropriate but anything more might be a bit stretched.
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