Your whale friends sound retarded and deserve their loss
I’ve seen a few OG whales that have sold. Maybe they heard the future of Bitcoin is custodial ecash.
Discussion
Yes it’s retarded to sell your Bitcoin, but there are some influencers who are pushing the idea that custodial ecash banks will scale Bitcoin
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Cashu-style ecash works fine with any currency, digital or fiat. Whatever it can or cannot do for bitcoin, it can or cannot do for everything else.