It's a healthy bull market, imo. And now that bitcoin is a $2T+ network, it's normal for it to move like a more liquid asset should.
And it's still up like 8x from the 2022 low. The S&P 500 is up less than 2x.
Discussion
Don’t feed the low-time preference trolls. 😄
I sought free speech and found NOSTR. I bought just enough BC to zap others but I'm slowly getting orange pilled.
Is 25% YTD really something we can call a bull market though?
For context, that’s twice the average annual return of the stock market, a little over half the way in. And that’s after something like a 130% gain in 2024.
It’s not a raging bull market, no. I’d love to see some random god candle up to $150k. But for an asset as big as a mag7 stock to be up this much isn’t bad at all.
It’s decent, but personally I don’t consider it a bull market in bitcoin until it’s massively outperforming SPY.
I ❤️ paper Bitcoin
Yup super healthy and boring 🥱
I interpret this as Lyn calling bullshit on Dr Jeff’s $475k call
Do you think MSTR can track bitcoin performance or is mnav going to 1x?
So you're saying BananaMoonBoi time?
nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l