What if the most Bitcoin-like thing is no longer Bitcoin?

Tradfi needed a dip on prices, and some cooling-off/reset on oscillators. The Iran war narrative will do exactly that! Could trigger even trigger waves of capital rotating into the industry.

Such an inelegant take on technicals from a marketing advisor. Humans have always wanted to share their ideas, experiences, expressions, knowledge, and wisdom across time and space. In order to do so they needed to come up with a medium to communicate and that was language. 🧵

Elon just created 4,400 millionaires in a single day. 400 of them are now worth over $100 million. These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries. Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000. Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous." The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before. Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.

F*ck everything else and listen to me; I'll give you one word: ACCUMULATE!! #Bitcoin #BTC #ETH #XRP #XLM #DASH #cryptocurrency #Crypto

Late Stage Capitalism in the Onchain Economy & Its Pending French Revolution Contrary to popular opinion about the state of onchain (the whole world is coming etc.), I think you are witnessing a form of late stage capitalism onchain in a fully unregulated market Backdrop 2021 normalized crypto and brought it to the forefront of retail's psyche, championing the "WAGMI" narrative primarily driven by the world coming onchain for the "Future of Finance" (DeFi) and "Global Coordination Systems" (Smart Contract Infrastructure). But what actually happened? >Founders & funds created PMFless tech >Minted a token out of thin air >Sold for billions w/ no incentive to deliver on their promises Why were they able to do this? These people have influence, which caused bid & price appreciation, which caused further interest. However, the memecoin supercycle was a death blow to the longevity of this approach. Why should retail play at your casino when they can play at their own? However, what this did was accelerate the inevitable outcome of crony capitalism -> Elimination of the middle class & further division of the two remaining classes In essence, we have 1 to 1 replicated the VC model via onchain new pairs So Where Does This Leave Us Today? See Graphic 1. Unequal outcomes tend to accelerate. The highest class also has influence, and therefore have more incentive to utilize said influence. They are then satiated w/ less % gains on higher capital bases, while retail is put in the opposite situation, and are hence skewed to be more and more conservative, and therefore bearish, b/c they have more to lose from things going down than things going up, and have experience market cycles (see: euphoria) of turning $1M -> 5M on ai16z or fartcoin, while retail turned $1000->$2000 and then $350 They can no longer relate to or understand the common experience onchain sans insider group chats and large size What Does This Look Like? This creates a near opposite, late-stage capitalist experience onchain Lower Class: Retail POV (Any participant that does not have edge) 1. Ever Decreasing Fresh Bid (-UPNL) 2. Ever Increasing Skepticism 3. Forced Further out on The Risk Curve 4. Feelings of "Hopelessness" High Class: KOL / Cabal POV (Any paticipant w/ inherent advantages like coordination, audience and/or asymmetric information that creates edge) 1. game theory introduces faster time to rug & lower required return 2. scarcity mindset amongst very groups coordinating 3. Decentralized VC esque structure onchain w/ individual influencers mobilizing against the broader herd What Happens Next? The exact model you came to hate about VCs is now replicated onchain, but VCs have been replaced by KOLs who have no cost basis & no long term interest in the projects that they're shilling The K-Shaped Recovery I outlined here is inevitable: x.com/realcryptocow/status/1… Why? This accelerating class division forces "retail" out of the economy and into a state of rebellion as their win rate moves faster and faster toward 0%. 2nd order thinking suggest the most likely outcome is a "Trench French Revolution" of sorts occurs Retail is forced to stop touching the burning stove and start to participate in the few coins with the most constrained supply, and lowest rug likelihood to continue playing but avoid the negative consequences of bidding cabal tokens. The top 5-10 movement coins are quite literally their only hope of making the returns they aspire to, and these tokens have the most constrained supply and elastic demand, which becomes a self-fulfilling prophecy Liquidity will concentrate in these top 5-20 neo-religions, as people pick their "grassroots" sports teams in attempt to overthrow the royal class just as you saw in '24, Cult Tokens are to Cabal Memes what Memcoins were to VC Tokens I expect the memes that have survived this apocalypse will 100-250x by the end of the year After studying the people behind all popular tokens for ~12 months, these are my top bets w/ the highest concentration of "retail" holders #spx6900 $sigma $giga $lockin $apu $mog $bitcoin $popcat $glorp $hehe