FTX was the ultimate stress test for last cycle, people who had their coins in cold storage had little reason to panic, but people on exchanges panic sold like crazy. The positive impact this catastrophe had was it showed people; not your keys not your #Bitcoin .

With bigger players looking to get in the game, should we expect bigger scams or should we expect stability?

Apparently there has been a crypto exchange launched recently with the backing of Citadel, Fidelity, and Charles Schwab. It’s called EDX markets…sounds too close to FTX for comfort. Will they be responsible with user funds?

The human race has never known a money as hard as #BTC , the unexpected should always be expected, we have never experienced anything of the sort.

No catalyst comes close to the ultimate #Bitcoin  catalyst, the halving events, we have 2 over the next 5 years and they tend to have a spectacular effect on #BTC ’s scarcity.

#Bitcoin  has appreciated 62% in the past 365 days when compared to the US Dollar. At this rate it will take just over 8 years to reach $1 million…for some reason a ~33x over the next 7-8 years seems bearish, but only time will tell.

Time will also tell whether alts are here to stay or not. Alts rely on massive hype in bull markets to prop up “alt season”, I’m hoping ai will deliver the final blow to alts as your favorite grifters move shop.

And yes I consider mEth/buildAscam an alt that we would be better without. Sorry, not sorry.

#Bitcoin  without self custody would be like the sun without the moon. They are two parts that play vital roles in the ecosystem, things go wrong when you don’t have one or the other.

But what happens when/if on-chain transactions permanently out price the average person from practicing self custody? Using other layers or custodians might be the only viable option for most people one day.

Most people will be okay with this because most people only care about NGU, but I have full faith that #BTC ’s robustness and adaptability will shine through. Multiple solutions will be proposed and the free market will decide the best path. Hold on!

In life, the first mover advantage is the ultimate advantage. Bearing this in mind, whichever #Bitcoin  ETF gets approved first will likely reign as top dog in the #BTC  ETF game for the foreseeable future.

I wonder who will be approved first, and what factors will be considered when picking the first application to approve.

According to Cathie Wood, ARK is first in line, but who knows how things will end up playing out. They could end up approving multiple applications at once or rejecting all of them.

In the meantime, stay humble and stack sats.

Satoshi pushed over a small domino when he created #Bitcoin and vanished. Although he is gone, the dominos are still falling. Bigger and bigger each time. The ETFs might be the biggest domino we have seen so far, but there are bigger ones out there that waiting to be toppled.

Everyone will panic when transaction fees start to increase, but not many appreciate when the congestion is resolved and fees come back down.

Regulators cracking down on exchanges also puts people into a panic, unless they stack sats and self custody!

We don’t need the ETFs, can’t emphasize this enough, but the validation of the importance of exposure to #Bitcoin  by the biggest money managers in the world is a big plus.

Even though many people don’t see the importance of being their own bank, in due time they will. Hopefully before it’s too late.

In the big picture we are still early, “smart” money is just starting to understand #Bitcoin . And they usually aren’t the last.

#Bitcoin  is only risky in the short term, in the long term it’s a reliable store of value.

I’m interested to see how the $30k support holds up this time around. Could sub $30k sats really be gone for good? They will be missed dearly if so.

Miners’ Position Index has been increasing, this suggests selling activity among miners, likely as much for relief as for preparation. This past bear market was rough on miners, and the halving is going to be brutal.

I have yet to participate in any form of ordinals, but I do appreciate their existence. Both extra incentive for miners and taking back market share from 💩coins.

Eventually all cringe worthy “utility” will be available on the #Bitcoin  network. It’s existence will only prove that the possibilities are endless when it comes to #BTC .

#Bitcoin  now has its own naming service. .xbt or .sats will be to #BTC  what .eth is for mEth. Can’t wait to see the Twitter handles 😂

SEC saying the ETF applications weren’t clear and comprehensive has had a sour effect on the market. The applicants don’t seem to be deterred and the plebs aren’t either. #Bitcoin  continues to work as always, so I see no difference, just opportunities.

I am NOT sure what these companies think partnering with coinbase will do to help their approval, but maybe they know something I don’t…

#Bitcoin  Depot is going public Monday under the ticker $BTM and $BTMWW. I don’t plan on buying any stock, but I am always happy to see #BTC  companies compete against tradfi companies.

The company was has been around for ~7 years and is one of the biggest #Bitcoin  ATM companies in the United States.

This is both a side effect and catalyst from/for #BTC ’s growth.

One thing that’s important to keep in mind... #Bitcoin  doesn’t need any ETFs, but money managers sure could benefit from adopting #BTC , almost enough to consider it necessary.

Who doesn’t love an asymmetric bet that will diversify your client’s portfolio?

Also, dips like these can be beneficial if you have stacking goals, which it never hurts to have stacking goals.

No matter what happens, if all the #Bitcoin  ETFs are approved or denied, I will keep stacking and practicing self custody.

Price doesn’t matter to me, as long as it’s spot, I’ll take it for anything.

I don’t recommend actually buying the ETF over #BTC , but I do appreciate the validation it brings to the space, not for the people who understand, but for the people who don’t.

Always bullish on the amount of people who see the risk in NOT holding #Bitcoin .

States starting to see the benefits of adding #Bitcoin  to their treasury??? It tickles me to see more people realize the protection #BTC  offers against monetary debasement.

The only speed bump that stands in the way is showing people:

-#Bitcoin  not crypto

-#Bitcoin  not digital assets

-#Bitcoin  not blockchain

- and #Bitcoin  not ETFs

#BTC  is meant for everyone, not just one group of people. It’s completely neutral.

Most people that I talk to, that are skeptical of #BTC , think it’s exactly what CBDCS are meant to be…all we need to do is set the truth free.

All the ETFs are waiting on the approval from the SEC. I however don’t have to wait on anything, and plan on sticking to my humble stacking schedule.

Anyone who follows smart money will eventually end up in #Bitcoin ; this statement will only get truer with time.

I miss zaps😭

#Bitcoin  has been stress tested time and time again, yet it’s still ticking away. Everyday truly strengthens my conviction. The bear doesn’t scare me anymore. Not just because it’s going into hibernation, but because I now see uncertainty as opportunity.

An uncertain person is a fascinating creature, I believe there is no limit to human curiosity. For this reason I believe all we have to do for boosted adoption is find ways to get people curious.

I believe no matter who you are, once you get that curiosity, you won’t be able to stop yourself from learning more about #BTC . There never was a cult, it’s just a good asset. Anyone who takes the time to learn about it in whatever manner suits their preference, will realize it’s importance in a digital era.

I know there wasn’t anyone shoving #Bitcoin  down my throat. It caught my attention, piqued my curiosity, then I realized #BTC  was THE REAL DEAL. It is nice to have people help you along the way, but I think like the internet, #Bitcoin  is best appreciated when people can use it as they please.

Miners and plebs alike continue to prepare for the upcoming halving. Although they are preparing for different reasons; both are inspired by the permanence of the event. There will never be a way to go back to the issuance we have seen this cycle as soon as the next cycle has begun.

#Bitcoin will continue to grow in every direction. Price included. Not because #BTC is a scam, but rather because it is a mirror held to the face of Fiat. There is no rat race, it’s a treadmill. You’re only a winner when you get off.

$BTC.D has broken 52%. Which is the highest it’s been in over 2 years. #Bitcoin  hasn’t even turned up the heat yet, but we all know it will. Dips offer just as much opportunity as they do purity, not only will paper hands fold, but the scams will self destruct when the sentiment subsides.

One day #BTC Dominance will measure the asset against the entire monetary supply. I just hope I’m here to see it.

Long term #Bitcoin holders are accumulating at break neck speeds. Currently at a rate of 42,200 #BTC a month.

Keep in mind the arduous bear market we have weathered, and the low volatility compared to previous cycles…accumulation rates will likely only go up over the following year.

This is due in part to the anticipation of the upcoming halving; volatility will return, likely in a more aggressive manner than it left, this time uncertainty is on #Bitcoin’s side.

When volatility returns its best to stay focused on your stack over the Fiat value. Staying humble and stacking sats will always be more effective than getting emotional or TrAdInG.

A break above resistance will trigger all the LARPs, traders, and normies to FOMO in, but the true plebs who always stacked get to appreciate the pump at a deeper level.

The institutional legitimacy #Bitcoin has gained, seemingly overnight, will be an influential catalyst for this cycle. Institutions going long on derivatives markets is another reason to focus on your stack rather than its fiat value…if #BTC only went up forever, then people using leverage would always do better than people trading spot…but this isn’t the case in real life!!! In real life whoever can hodl harder and take more blows will win.

Not to say there isn’t money betting on both sides, but spot allows you to weather the storm with 0 chance of getting liquidated.

Holding spot is essentially the tortoise to trading with leverage’s hare.