Once bitcoin really went mainstream in 2021, we lost the libertarian/econ background types to a sea of marxists (dumb money), the popular mainstream religion now. I could tell how much the marxists were enjoying btc going down, rooting against the ppl that adopted it before them. They thought they now had the leverage, and it was the “community” (collectivism) that mattered, not their stack size. It was their follower count that mattered (anyone making bearish calls would get tons), not who was right and had the signal. They were all blaming plan b for why we didn’t hit $100k, taking no accountability (like Marxist’s do). I’m glad the orange pillers got caught on the wrong side, it was an important lesson. They had to get humbled and realize this is about individualism, and no one was coming to save them. They can either double down and keep crying, rooting against number go up (“cheap sats bro”), or realize they were wrong and it was based in jealousy and envy, and pivot and now take it seriously and understand the time sensitivity that has always existed in this fixed supply asset. They aren’t hard to read either way. They were telling on themselves by how foolishly they were acting at the bottom, when they were all so sure $10k or below was inevitable, and we had years before it would turn around, if ever. Now they are competing against whales like blackrock and we will never go back to the unregulated degen days of the pre-etf era, another call that got wrong (that ETFs would get denied, and once approved, that they weren’t material; horrible horrible calls). Fafo.