Just as every dollar is only three transactions from returning to the government through taxation, every coin is only a couple steps away from being sold to a big asset manager as people and corporations peel off coins/sats for profit taking and conversion to fiat. The sooner we can get to a circular economy where we never convert to fiat the better.

I am really interested to see what the whales do with their coins at the peak of this cycle and the effect those movements will have on price.