utxo the webmaster 🧑💻
· 2w
Nah man you're down big in lost opportunity and inflation like he said. I think this is cope, bitcoin is performing like shit. But that said if you go all in at a gigatop you kind of deserve it too
I think it’s worth repeating.
That gigatop was 1,673 days ago.
We are knocking on the door of half a decade since the last cycle top.
And to be at 61k is fucking embarrassing!
Since 2021 we have had:
- 811,000 BTC held by IBIT
- 845,256 BTC held by Strategy
- Record high hash rate: 959.5 EH/s
- 43,514 BTC held by XX1
- Metaplanet going all in
- USA announcing BTC strategic reserve
- Pakistan announcing BTC strategic reserve
- UAE investing heavily in BTC
- Insider trading with Prince Donald Jr and Prince Eric filling their BTC bags
- El Salvador stacking sats since making BTC a fundamental part of their economic future
- Spot ETFs green lit in the USA in 2024
- Bhutan stacking sats through BTC mining
- BTC miners going gangbusters in Texas
- Ethiopia, Paraguay and Khazikstan ramping up mining operations
- Goldman Sachs entering the fray
- Unchained expanding big time
- Significant Lightning network expansion
- Square merchant adoption to millions of retailers
- BitKey entering the hardware market
- Tether stacking BTC like crazy
1,673 days of all of the above and stuck at 61k????
Fuck me dead, Space X will IPO at a higher market cap than BTC and it’s valued at 100 x revenue!
Not apples to apples but still very interesting!
Underperforming is an understatement…
Power Law / Stock to Flow / Rainbow Chart / Mumbo Jumbo ☠️ 🪦
