If you follow MVRV Z-score, S2F, Power law, and other investment metrics based on simple mathematics, then you will do well to understand that most people still only think of this as a trade. 📈

#Bitcoin is at a point where the early adopters will legitimize the asset, but doubters will double down on their hatred. They will 💯 capitulate in the next 2 cycles. Meanwhile Capital allocators will rebalance portfolios by cutting bitcoin back down to 1-2%.

There will be more 50%+ drawdowns, especially if we get a supercycle ⏫. Don’t think human nature has changed just because a new asset is discovered.

Be grateful for the ride 🎢, the friends 🫂, the conversations 🗣️, and most of all… cheap sats 🟠!! This train 🚂 doesn’t stop 🛑