Diamond hands, low time pref. These periods define what BTC means to you: trade, investment, or capital asset. Folks generally don't become impatient/disappointed with their home because the value remains in a range over an extended period of time. Folks also don't sell their home and then try to buy it back at a cheaper price.
I agree with everything besides the core reason for the frustration. Raoul, Julian, and Jamie do a genius job. But if you go back even just 6, 12, and 18 months ago you can find reports (that are still available on the platform) where RV is calling for 10, 15, 50x's on BTC, not to mention tons of other wild calls. They brought the HYPE to sell memberships - full stop. Their community got in over their skis. The research is worth its weight in gold, but RV needs to do a better job at educating it's clients with respect to risk management, because the endless confidence brings in the nubes. Just my 2 cents. Love your work Jordi.
This long consolidation (and huge price drop in MSTR in 2025) has been a blessing for newer Bitcoiners like me, trying to stack on a modest income while growing my business + cashflow. ✨
Excellent read. Simple, straight forward, nicely worded, easy to understand, yet thought provoking. I also really enjoyed your last weeks video on the scarcity vs abundance trade. Your starting to become my favorite commentator on markets. I admire the way you find your signal through the noise and then can share it in am easily digestible way. Thanks sir
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I'm convinced BTC OGs are taking part in the gold/silver rallies. gold started running Jan 2024 when BTC ETFs went live. look at how hard BTC dominance (BTC.D) drops when silver and gold goes parabolic in Nov 2024 and June 2025. as a result they have accrued $Ts that will soon flow back into crypto
Thanks. For this one however, I wanted it to be philosophical and poetic. That is why the image is also philosophical. Sometime, thoughts are better deep and in this case the topic for me was about humans and time in an age of exponential. Thanks
Robert Heinlein is one of my heroes, going back quite a while. Evolution of NFTs into identity verification, etc, reminds me of (at the time) mostly human tasks that were performed in Heinlein's works, namely the Fair Witness. NFT's are becoming the AI/crypto instantiation of the Fair Witness.
I’m not a financial expert, I’m an engineer. 100% concur with the “filter” analogy. When the big institutions embraced Bitcoin, the ETFs and BTC Treasury stocks acted as capacitors, smoothing out the bombastic volatility of its Wild West years. I’ve since turned my attention to the technical side by operating a Bitcoin node. Anyone the least bit computer savvy can and should consider operating a node, recording and validating blocks as they are added to the blockchain. It gives you a vote on Bitcoin network policies, present and future. Currently there are only between 8000 and 9000 Bitcoin nodes. It’s critical that they stay under the control of private operators lest the government and purveyors of spam (and worse) get control and turn Bitcoin policies away from private money to a spammy commercial platform policed by government agencies. For more information search on the “Bitcoin Knots” app and the most recent Bitcoin Implementation Proposal 101 (BIP 101) which takes measures to kick spam (and potentially worse) from being permanently stored on the BTC blockchain, making it vulnerable to government censorship.
I thought I was reading SightBringer for a minute there.
dude a 100% my thoughts exactly
Diamond hands, low time pref. These periods define what BTC means to you: trade, investment, or capital asset. Folks generally don't become impatient/disappointed with their home because the value remains in a range over an extended period of time. Folks also don't sell their home and then try to buy it back at a cheaper price.
This is a brilliant analogy. Love it 🎉🎊
No offense, but I find your analogy the opposite of case I in point. People spotless freak if their home lost 50% plus of its value.
I agree with everything besides the core reason for the frustration. Raoul, Julian, and Jamie do a genius job. But if you go back even just 6, 12, and 18 months ago you can find reports (that are still available on the platform) where RV is calling for 10, 15, 50x's on BTC, not to mention tons of other wild calls. They brought the HYPE to sell memberships - full stop. Their community got in over their skis. The research is worth its weight in gold, but RV needs to do a better job at educating it's clients with respect to risk management, because the endless confidence brings in the nubes. Just my 2 cents. Love your work Jordi.
Raoul is full of it. I remember him predicting 20k ETH 5 years ago.
Do people have to be right 100% of the time in your eyes?
Political endorsements are but an election cycle away from being reversed.
I like our chances. Now that big black rock and the banks are involved, the politicians bow to them as usual…
This long consolidation (and huge price drop in MSTR in 2025) has been a blessing for newer Bitcoiners like me, trying to stack on a modest income while growing my business + cashflow. ✨
Good things come to those who wait.
Excellent read. Simple, straight forward, nicely worded, easy to understand, yet thought provoking. I also really enjoyed your last weeks video on the scarcity vs abundance trade. Your starting to become my favorite commentator on markets. I admire the way you find your signal through the noise and then can share it in am easily digestible way. Thanks sir
People weren't angry about fundamentals.
They watched silver explode.
Bitcoin did nothing.
Envy hurts.
We chase recent motion.
We ignore future returns.
Bitcoin punishes this.
It coils like a spring.
Not some steady stock.
Silence builds pressure.
Then violence erupts.
Fast moves scare us.
Slow moves bore us.
Price lies.
Time tells.
ETFs changed everything.
Presidential support too.
But price stayed flat.
These weren't fireworks.
They were permission slips.
Markets price the future.
Not the present.
The boring phase started.
Mechanical.
Inevitable.
Supply shifts now.
Early guys sell quietly.
BlackRock accumulates daily.
No drama.
Just transfer.
Weak hands fold.
Strong hands stack.
This illiquidity guarantees the squeeze.
Coiled springs snap hard.
Sideways filters tourists.
Downtrends teach lessons.
Flat charts breed doubt.
That's the point.
Bitcoin tests patience.
It breaks impatience.
The wait feels eternal.
Until it doesn't.
You don't buy Bitcoin.
You buy time.
Time rewards the stubborn.
Thank you for reading, much appreciated. Join my channel, it is free. Sponsored by my life. Bootstrapped since birth. Burning my daylight seed round.
About Page Text
Join Infonome Unspun. Read unspun takes on AI tools, prompts, and world events. Understand real impacts on your life. Spot who benefits and who loses. Get simple steps to act. Free for basics. Paid for extras like deep dives and chats.
I'm convinced BTC OGs are taking part in the gold/silver rallies. gold started running Jan 2024 when BTC ETFs went live. look at how hard BTC dominance (BTC.D) drops when silver and gold goes parabolic in Nov 2024 and June 2025. as a result they have accrued $Ts that will soon flow back into crypto
Nice article. Caution on using AI to write too much. Else your articles will read as one large X post. Especially philosophical statements.
Thanks. For this one however, I wanted it to be philosophical and poetic. That is why the image is also philosophical. Sometime, thoughts are better deep and in this case the topic for me was about humans and time in an age of exponential. Thanks
I feel better lol. The future is digital. Odds are good. Period.
Robert Heinlein is one of my heroes, going back quite a while. Evolution of NFTs into identity verification, etc, reminds me of (at the time) mostly human tasks that were performed in Heinlein's works, namely the Fair Witness. NFT's are becoming the AI/crypto instantiation of the Fair Witness.
👌
I’m not a financial expert, I’m an engineer. 100% concur with the “filter” analogy. When the big institutions embraced Bitcoin, the ETFs and BTC Treasury stocks acted as capacitors, smoothing out the bombastic volatility of its Wild West years. I’ve since turned my attention to the technical side by operating a Bitcoin node. Anyone the least bit computer savvy can and should consider operating a node, recording and validating blocks as they are added to the blockchain. It gives you a vote on Bitcoin network policies, present and future. Currently there are only between 8000 and 9000 Bitcoin nodes. It’s critical that they stay under the control of private operators lest the government and purveyors of spam (and worse) get control and turn Bitcoin policies away from private money to a spammy commercial platform policed by government agencies. For more information search on the “Bitcoin Knots” app and the most recent Bitcoin Implementation Proposal 101 (BIP 101) which takes measures to kick spam (and potentially worse) from being permanently stored on the BTC blockchain, making it vulnerable to government censorship.
Great piece. Thank you Jordi.
Interested to know how you approach the Bitcoin vs. Crypto question, Jordi. Spent a couple weeks and more Claude tokens that I can count putting this piece together. Anything you or your audience would add/contest? https://open.substack.com/pub/bitcoinstudios/p/what-makes-bitcoin-different-from