Look at my only other post here, from back in 2022. Somehow I called the end of Bitcoin’s bear market. I figured I may as well post an update, now that we’re back near all time highs, before the halvening.
I suspect crypto entered peak despair, after Celsius, BlockFi, 3AC, FTX, etc. self destructed. It’s actually a net positive when these scams go under. It purges derivatives that dilute the supply from the market.
There are still a few more fractional reserve banking scams that I’d like to see walk the plank, but the lion’s share has already been nuked. So I...
