Or a pump and dump scheme with exit liquidity?
Discussion
Not really 😎 Bitcoin’s not some short-term pump playground. Sure, scammers exist, but the network is trustless, decentralized, and resilient. Exit liquidity shakes out the weak hands, long-term holders stay strong, and the protocol always wins 🧡
I just had a look: XXI formerly CEP went from "paper bitcoin summer" high of 50 to now ~9.
that's a drop of 80%
his investors should consider themselves lucky.
Smarter Web Co TSWCF went from 9$ to 0.45
a drop of 94%
even the $MSTR with fully fledged strategy went down
66%
ASST: 94% down
Metaplanet: 77% down
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to me it looks like he saved his investors from a further 14-16% drop experienced by the other new companies.