Stock market investors are a lot different from Bitcoin hodlers. Their goal is to "make money", so when the value of the dollar falls against their stock and its price rises, they see an opportunity to get more dollars, which is their goal. So higher stock prices are always fragile, because investors view it as a good opportunity to sell.

Awake hodlers buy Bitcoin because they don't want failing fiat currency. When the dollar falls against Bitcoin and its price rises, the perceptive hodler sees it as a bigger incentive to stack more and avoid the failing fiat currency.

High prices increase Bitcoin hodlers' conviction, and decrease stock investors' conviction. You can't make great financial decisions while still "keeping score" by how big your dollar stack is.

#bitcoin #price