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Replying to Avatar LogicallyMinded

I’m not sure how some folks can make the case that OGs unloading their bitcoins is bullish for the price. Due to its non-linear emission, the #Bitcoin supply became quite concentrated among early adopters. The original vision was that nobody would need to sell their #BTC for fiat but because Bitcoin has failed to be broadly adopted as a medium of exchange, OGs have no choice but to exchange part of their stack for fiat which puts pressure on the price.

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Chuck Langstrumpf 1mo ago

Much more important is that they lost faith in the future of BTC.

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