That’s a good why to think. Who wins? Who benefits? What changes?
Outside money, especially in large size, typically comes with greed, fees, or overhead costs. It’s where middlemen usually siphon off a portion and that tends to grow over time.
It’s part of moving from the hobby phase to the business and revenue generation phase. To put it in tech terms, it’s when you move out of the garage and into an office and start marketing.
Historically institutions corrupt.
We are in a period of institutional breakdown and headed towards a period of institutional revitalization.
However, that has taken many decades to play out in the past. Just a point to keep in mind at how long these shifts take.
The meme’s do get ahead of themselves each cycle. With many of the flaws that weren’t apparent in the hype showing up in the middle to the end.
One of the best protections I’ve found is to try and stay true to the core of Bitcoin’s ethos. To step away from the noise and hype, and try to think critically and be unbiased in reviewing and reflecting upon the realities of what a meme is suggesting. This helps to be more realistic about the possibility and timing for which it would actually play out.
Most memes seem to insinuate the outcome will be within a week, month or year; which creates a lot of FOMO.
If we step back and look at the past, we can gain a better understanding of how long it actually takes markets to come around major change.
Especially when it involves the way we think about and use money.
For all those #Bitcoin , #macro, #rates and #markets people.
Markets are confusing, however price and relationships tell what the news will not.
Research that started in 2006 materialized in 2015-2018.
Unfortunately, it’s too hard to copy this out of Twitter and past here.
🚨⏰🔔👇👇
https://x.com/kanemcgukin/status/1542928102459932672?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w
Nice table top. I used to build reclaimed tables.
Based on past halvings, #btc bear markets last, on average 1,000 days, and bull portions have averaged about 513 days.
In the 2012, ’16, & ’20 halvings, returns into the event were less each time.
Early adopters have been rewarded the most. We'll see how this period goes.
On average, cycle lows occurred 446 days prior to a halving date.
Given the past does not predict the future we can't ever know w/ certainty. However, we can make some guesstimates (not financial advice).
Based on past #bitcoin cycles, the avg, min, & max of possibilities look like 👇👇👇.
Nov '22 low aligns w/ what we saw in 2018.
Details 👇👇 
They’re accelerating as they lose control. This is bullish. Don’t give them an inch. Remove yourself from their chess board. Opt into bitcoin. https://video.nostr.build/e753a825fc48e44dd71d8dd0bb83b3a399c4957b47e2d13cf4c6c3b3f04e8b92.mov
Amazing how much verbiage they try to copy when they go full gaslight mode.
Just sayin’
https://damus.io/note1dysqdxsvsayhxnn4ns9xhlut7ygtq5l38xh6u875vas952rhcc3s5ps4mt
Even more important is the ♟️ match currently in play.
https://x.com/kanemcgukin/status/1707578134734803221?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w
Seriously… how many political stunts do people have to get entangled in before people learn this?
Daniel 8:1-25 — kind of odd, the reference to two horned ram that did as it pleased, one horn called “Media, a place then… now a tool for subliminal destruction so nation states can do as they please.
Very applicable scripture: 👇
Daniel’s Vision of a Ram and a Goat
8 In the third year of King Belshazzar’s reign, I, Daniel, had a vision, after the one that had already appeared to me. 2 In my vision I saw myself in the citadel of Susa in the province of Elam; in the vision I was beside the Ulai Canal. 3 I looked up, and there before me was a ram with two horns, standing beside the canal, and the horns were long. One of the horns was longer than the other but grew up later. 4 I watched the ram as it charged toward the west and the north and the south. No animal could stand against it, and none could rescue from its power. It did as it pleased and became great.
5 As I was thinking about this, suddenly a goat with a prominent horn between its eyes came from the west, crossing the whole earth without touching the ground. 6 It came toward the two-horned ram I had seen standing beside the canal and charged at it in great rage. 7 I saw it attack the ram furiously, striking the ram and shattering its two horns. The ram was powerless to stand against it; the goat knocked it to the ground and trampled on it, and none could rescue the ram from its power. 8 The goat became very great, but at the height of its power the large horn was broken off, and in its place four prominent horns grew up toward the four winds of heaven.
9 Out of one of them came another horn, which started small but grew in power to the south and to the east and toward the Beautiful Land. 10 It grew until it reached the host of the heavens, and it threw some of the starry host down to the earth and trampled on them. 11 It set itself up to be as great as the commander of the army of the Lord; it took away the daily sacrifice from the Lord, and his sanctuary was thrown down. 12 Because of rebellion, the Lord’s people[a] and the daily sacrifice were given over to it. It prospered in everything it did, and truth was thrown to the ground.
13 Then I heard a holy one speaking, and another holy one said to him, “How long will it take for the vision to be fulfilled—the vision concerning the daily sacrifice, the rebellion that causes desolation, the surrender of the sanctuary and the trampling underfoot of the Lord’s people?”
14 He said to me, “It will take 2,300 evenings and mornings; then the sanctuary will be reconsecrated.”
The Interpretation of the Vision
15 While I, Daniel, was watching the vision and trying to understand it, there before me stood one who looked like a man. 16 And I heard a man’s voice from the Ulai calling, “Gabriel, tell this man the meaning of the vision.”
17 As he came near the place where I was standing, I was terrified and fell prostrate. “Son of man,”[b] he said to me, “understand that the vision concerns the time of the end.”
18 While he was speaking to me, I was in a deep sleep, with my face to the ground. Then he touched me and raised me to my feet.
19 He said: “I am going to tell you what will happen later in the time of wrath, because the vision concerns the appointed time of the end.[c] 20 The two-horned ram that you saw represents the kings of Media and Persia. 21 The shaggy goat is the king of Greece, and the large horn between its eyes is the first king. 22 The four horns that replaced the one that was broken off represent four kingdoms that will emerge from his nation but will not have the same power.
23 “In the latter part of their reign, when rebels have become completely wicked, a fierce-looking king, a master of intrigue, will arise. 24 He will become very strong, but not by his own power. He will cause astounding devastation and will succeed in whatever he does. He will destroy those who are mighty, the holy people. 25 He will cause deceit to prosper, and he will consider himself superior. When they feel secure, he will destroy many and take his stand against the Prince of princes. Yet he will be destroyed, but not by human power. 
Wealth is supported by one single property: Work.
Regardless of what unit people call “money”, if there is no work supporting it, that common unit will not create & store lasting value.
Underneath money that declines in value is a declining system of work.
In general terms and understanding of morals and values. Wisdom.
ASICs taking over in traditional server farms as more compute is needed for the next wave of tech.
On one of the recent WBD podcasts they discussed this.
Not sure if they are or are not mining BTC but it sounds like they understand the direction we are headed.
It sounded to me like they are running the playbook in Life After Google.
Good move, most likely. 
Money makes change.
Principles are change.
For the macro guys and girls…
What’s really important (signal) about what Paul Tudor Jones said.
https://x.com/kanemcgukin/status/1712169468883788213?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w 
Magic lines… they tell us a lot. 
What’s the best way to find good signal on Nostr?
It feels a lot harder to come across new info here.