Bear Market Update! 🐻 📉
Down 17% over the last 12 months
Down 22% over the last 12 months factoring in modest inflation
Since last cycles ATH of $69,000 on November 10th 2021 we are up 25%
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Your math isn’t wrong, your premise is.
All of this assumes fiat is the thing we should be measuring against. But fiat is a rotten system by design.
Judging Bitcoin by how well it performs inside that system misses why it exists in the first place.
Bitcoin is an escape hatch, a parallel lane with fixed rules.
If you anchor to a fiat ATH and ask “did it beat CPI since 2021?” then yeah it might look underwhelming. But that’s like criticizing a lifeboat for not winning a speed race against the sinking ship.
Bitcoin isn’t here to make you rich in one cycle. It’s here to stop your savings being quietly wrecked over decades. Your share doesn’t get diluted. The rules don’t change. That’s the point.
If your goal is NGU in USD, fair enough trade something else.
If your goal is getting out of a broken monetary system, Bitcoin is doing exactly what it was built to do.
All of this assumes fiat is the thing we should be measuring against. But fiat is a rotten system by design.
Judging Bitcoin by how well it performs inside that system misses why it exists in the first place.
Bitcoin is an escape hatch, a parallel lane with fixed rules.
If you anchor to a fiat ATH and ask “did it beat CPI since 2021?” then yeah it might look underwhelming. But that’s like criticizing a lifeboat for not winning a speed race against the sinking ship.
Bitcoin isn’t here to make you rich in one cycle. It’s here to stop your savings being quietly wrecked over decades. Your share doesn’t get diluted. The rules don’t change. That’s the point.
If your goal is NGU in USD, fair enough trade something else.
If your goal is getting out of a broken monetary system, Bitcoin is doing exactly what it was built to do.
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