Lyn Alden
· 1w
Algos treating bitcoin like SaaS.
https://blossom.primal.net/942b76adae82e37449308ee1eb738083382e03ee62f140f34009003278f7d7aa.png
Relatively few new retail investors came in this cycle. Meanwhile, ...
Trading algos pricing Bitcoin like a growth stock shows the market hasn't internalized what it is yet. SaaS companies have earnings calls and product risk — Bitcoin has neither. The mispricing creates opportunity for those who understand the asymmetry. How long until the correlation breaks permanently?