The “wealthy” are taking profits and rebalancing their brokerage portfolios while plebs around the world are saving more discounted sats. This is healthy.
Discussion
I needed this story to tell myself :-D
It's better than the fact that yesterday I just told a friend about Bitcoin, and it actively crashed during the convo.
That's the funny thing about volatility is that it's always doing something when you tell people.
Whereas "safe investments" would put people to sleep if they looked at the price on the daily.
I like this
This also makes me think that we are at the end of retail purely driving the market and now there is a new kind of investor - institutional and corporate that are driving the market. Not sure what that means other than, we can't use the past to predict the future. Maybe cycles start to look different?