This Time is Different...Maybe

We've had cycles of speculation, but now we have adoption, companies & countries storing value, and ETF holders holding on. 

We just had a halving, reducing the amount of new Bitcoin produced. Plus, demand is up, especially from ETFs. But here's the thing - these investors aren't trading, they're holding long-term. 

MicroStrategy, Semler Scientific, and Satoshi aren't selling. Neither are many other long-term holders. This means a lot of bitcoin is off the market, reducing supply. What happens when demand outstrips supply? 

We're not in a crypto cycle anymore. Bitcoin is part of macroeconomic cycles. With countries accumulating it as a strategic reserve, the price will have to rise to incentivize sellers.

And it's not just Bitcoin. Other cryptos are finding their use cases, and we're figuring out their metrics and fundamentals. It's a new era of adoption and discovery. #Crypto #Investing

So, are we past the hype days? Maybe. Everything will be evaluated on its own merits.