I’m really fighting against myself to say this, but I’ll say it anyway.

I almost never come across Bitcoiners who think the price isn’t going to far outperform this year.

I’m also coming across Bitcoiners who, in one way or another, are already spending their coming Bitcoin wealth.

Traditionally, this marks the top of a Bull market, not the beginning of one.

I don’t personally believe this observation, but then I’ve never believed it at the top of Bull markets either and continually remind myself to do so ‘next time’.

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Discussion

I hear what you’re saying. But I would chalk it up to “we all made decisions about what we were going to do when it hit $250k in Q4 2021” and of course we never got close

Some of us deferred necessary spending while the price cratered to $16k for obvious reasons that just can’t be put off another 18 months