Had a BTC $100k celebratory steak dinner tonight with a friend and two other “crypto guys” he knew. Here was the breakdown:

- friend: career day trader, bought bitcoin at $300 and made $1M selling it, has been trading ever since. Rolled initial return into a “blockchain fund” and holds all current Bitcoin at Coinbase and the ETFs

- guy 1: similar story, has “no idea” why anyone values bitcoin at $100k+

- guy 3: holds a large MSTR position only, no Bitcoin

Reminded me how early we still are. 4 people celebrating $100k Bitcoin and only one actually holds any Bitcoin. The other 3 guys have net worths well over $10M each.