Celebrating the dollar-denominated price of Bitcoin is more of a distraction than a milestone of progress. I understand how infatuated most Bitcoiners are with the idea of becoming rich—it’s what draws them in. The real ones stay and sacrifice, valuing progress over price at all costs, in the hope of achieving real-world change. They are few. Bear markets are better for work and growth. However, this latest bear market has yielded little progress to justify the high expectations many have for this bull market. More work less talk!

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