Damus
Guy Swann profile picture
Guy Swann
@TheGuySwann
Sadness. Weak hands don’t get the game.

Although, it could also simply suggest that individuals were so strongly frontrunning the businesses and hedge funds etc, that they were able to offload and strengthen their life’s foundation while institutions are only now starting to catch up.

In other words, businesses, hedge funds, and govts have to buy from someone. And individuals have the largest slice of the pie so they are the largest pool of potential liquidity regardless.
10❤️7👀1🤙1🫡1
Honeyheart · 7h
Is there anything else in the world where individuals hold an majority un-confiscatable supply of anything other than BTC?
KrP · 6h
Stay strong 💪🏻
ihsotas · 6h
People should not sell their BTC to the pedophiles. They will regret every sat not spent in the circular economy.
Guy Swann · 6h
Found the pie chart I was visualizing in my head 😂 https://primal.net/e/nevent1qqsz6ejfg9zhcntd3lu90hefdpzk75j79zzza79mz87w7ca7hy420zqg2weu6
R · 6h
I tend to think it’s the second part. People that were early and had 1-10,000 coins have decided that after 10-17 years it’s time to fathom their unfathomable riches. Also, for every business, etf, and government that holds Bitcoin, there is an individual inside that organization who made the ...
FeynStructure · 5h
It's both. It's the visionary few who strongly frontran the institutions, enjoying their deserved rewards (hopefully translated into land, livestock, whatever, and not just a pile of dollars), AND It's also the weak, uneducated (in terms of Bitcoin), high time preference masses giving up their onl...
DireMunchkin · 2h
I'm more inclined to see it as just hodlers offloading into doing something nice for their life. Just as a personal anecdote I paid off my student loan debt last June with some of my corn. I didn't sell a very large portion of it though, and I plan to stack more.
Little Johnny · 38m
I would not be surprised if many of the so-called OGs are not aligned with the mission and are happy to change their Bitcoin to fiat. Regarding the people who found Bitcoin very early, I think that they can be divided into two groups: 1.) the ones who were hoping for something like Bitcoin to em...