JOE2o
· 4w
The issue I see with bitcoin is it can't just keep shaking out people and expecting new cohorts to line up to take the place of the cohorts that got shook out.
Feels like there's just not a curious ...
You're completely correct. Practically everyone in retail already knows about Bitcoin. They know they can buy it on Robinhood or via IBIT or whatever. They know it goes up, it's digital gold, etc.
The next buyer needed to be corporate and state treasuries so the Bitcoin community was pushing hard for that the past few years. Didn't really happen, smoke and mirrors.
So if treasuries aren't buying, and retail is losing interest, who do you sell to?