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Did Samson Mow lower his $1M Bitcoin target? 🤔 No, he raised it to $1.33M. He cites an overdue bull run and gold's massive volatility as proof the fiat system is cracking. If gold can double, #Bitcoin can 10x. 🐂📈

20,812 Aufrufe • vor 7 Monaten •via X (Twitter)

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BITCOIN IS FOR BOOMERS Bitcoin is the Facebook of speculative assets. Think about that for a second. Your kids aren't on Facebook. Neither is anyone under 30. They're on Instagram, TikTok, whatever comes next. Same thing is happening with Bitcoin. The narrative was simple: digital gold. A hedge against fiat currency debasement. Store of value in an uncertain world. So what happened last year? Gold doubled. Silver tripled. The NASDAQ ripped higher. Bitcoin? Went nowhere. If you're rooting for risk assets to rally, Bitcoin should work. But it didn't. If you're rooting for gold to rally, Bitcoin should work. But it didn't. The volatility that made Bitcoin exciting is gone. And when there's no juice, speculators leave. I had a young engineer in one of my Twitter Spaces a few weeks ago. Smart kid. He told me he sold his Bitcoin and bought gold and silver. Then he said he "totally disagreed" with my theory that declining Bitcoin volatility is bearish. I asked him why he sold. "It wasn't moving enough." He literally proved my point without knowing it. Meanwhile, the real action is elsewhere: FanDuel. DraftKings. Zero-DTE options. Prediction markets. Why wait around for a 10% Bitcoin move when you can get instant gratification betting on tonight's game or buying options that expire in 4 hours? The democratization of speculation created better dopamine delivery systems. Bitcoin was the gateway drug. Now there's harder stuff. And the hodlers who've been there since the early days are finally SELLING. Supply is coming out. The diamond hands are becoming paper hands. It's not my job to tell you what to think. But when an asset class trades inversely to its own thesis, I pay attention. When the volatility disappears and speculators find faster games, I pay attention. When the only people left defending it are the ones who bought at higher prices, I pay attention. Bitcoin isn't dead. The internet didn't die after 2000 either. But if you bought Cisco at the peak, you're still underwater 25 years later. The technology can survive... Your portfolio might not.

George Noble

58,782 Aufrufe • vor 6 Monaten