the ugly truth is that the 4 yr cycle was created and practiced by the ogs. they tend to think together and act together.
this time though their usual playbook didn’t work. their avg distribution was probably around 80–85k. (yes they sell and buy gradually not all at once). they were likely expecting to buy back much lower somewhere around 20-25k.
that didn’t happen thanks to a much stronger base of long term individual bitcoiners, plus relentless buying from saylor and a growing number of public companies.
of course they’re not happy. thats also why you see so much coordinated hostility toward saylor. he’s disrupting the cycle they’ve benefited from for years.
this time though their usual playbook didn’t work. their avg distribution was probably around 80–85k. (yes they sell and buy gradually not all at once). they were likely expecting to buy back much lower somewhere around 20-25k.
that didn’t happen thanks to a much stronger base of long term individual bitcoiners, plus relentless buying from saylor and a growing number of public companies.
of course they’re not happy. thats also why you see so much coordinated hostility toward saylor. he’s disrupting the cycle they’ve benefited from for years.
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