It is nonetheless a very negative signal. He says he feels he should have bought more earlier, but he has also sold some, and now holds only a small position without much enthusiasm to buy in again, given the ETFs are already a thing and the dream of decentralisation has somewhat fizzled out.

This is bothersome, because if Bitcoin had a bright future ahead of it, people like Thiel should be pouring millions into Bitcoin startups, and yet that is nonexistent.

The only possible exciting play in such case is musical chairs, buy and hodl, becore the unspeakable.

It has been 15 years. FBI, scammers, lost coins, custodial ETFs...

What's in it for the honest everyday person?