While there is clearly some “signal” to his short term technical read, from my perspective, he treats Bitcoin as just a high-beta “risk-on” asset. Obviously, that’s all it is to the fast money, NGU crowd. But its real value is as an emergent, deflationary monetary protocol the likes of which humanity has never seen before.

So, regardless of the one day, week, year or even FULL CYCLE volatility, if it stays decentralised and secure (nod to @Jeff Booth) it MUST eventually outcompete the existing fiat system. Completely. As in “winner-take-all”.

My point is that one can REALLY wreck themselves by overthinking and trading bitcoin’s price in fiat. I have found it’s just better to get my UTXOs off exchange and into my own sovereign control. This allows me to free up the REAL scarce asset. My “time and attention”. 😌🪬🫶