Whilst you’re absolutely correct to look at who the author is, and their track record, thank you for sharing
The message from the story told, in some ways, as a opinion piece, means it simply has to be judged on face value
And the key point is how high risk capital behaves, long-term, when it’s seen good gains, plus de-risking, plus a liquidity opportunity
This fundamental insight is helpful, through the analogy of an IPO, at least that’s what I felt
Now of course, one of the key things with Bitcoin is it’s always liquid, but what he highlights is the newfound depth of liquidity, which I liked as an insight