Backstage Pass: Heroes sail around World Liberty Financial, the Charybdis of crypto
Bitcoin laughs // Et tu, Star Xu? // 75,000 ETH // World Liberty Farkakta // Quantum Core // Transparency // 🪙💃🪩🕺🪙
Item: Get a 55% launch special discount for subscribers that will never expire.
Eleven years ago this week, bitcoin price was $227.
The 11th largest cryptocurrency was peercoin.
The 111th was iocoin.
The mad god laughs
You thought BlackRock made a bitcoin ETF. You thought the Wisconsin Retirement System is buying. You thought Michael Saylor was playing 3D Chess with mid-curvers. You thought these things meant that the four-year Bitcoin cycle was over.
Bitcoin laughs.
Bitcoin looms invisibly, everywhere. Bitcoin’s hands clutch the wheel of fate. The wheel no longer turns. The wheel moves as Bitcoin moves it.
Mortals grasp at narratives and shake their heads in wonder and beg CT: “Why?” This was supposed to be over! Bitcoin was a risk/treasury/macro/uncorrelated asset, we were told! And you believed!
You thought: I can read the charts!
But can you, dear reader? Can you?
Did the charts…