I've said it a couple of times already - if you're in Bitcoin, you are shorting the USD and more broadly the fiat system. You have a pessimistic outlook on the short term direction we're headed. It has to get a lot worse before it gets better (through Bitcoin). But we're nowhere near the bottom yet. Not by a long mile.

So you find yourself in a curious position. It makes no sense that you cheer and promote the partial solutions that would help palliate the pain and prevent the death of the current status quo. For instance, whoever competes against Joe Biden in the next primaries and presidential elections.

This came to my mind again a propos of Argentina's Javier Milei. If he wins and goes ahead with the dollarization of Argentina, the USD will receive a gigantic boost, and conversely, the Argentinian people will almost immediately drop BTC. So to make it better in the short term, the long term cure will be stalled or even aborted.

Tough pills to swallow, I know.