Today’s letter is brought to you by Cal.com! What do I have in common with Chad Hurley (YouTube), Tobi Lütke (Shopify), and Alexis (776/Reddit)? We are all early investors in Cal.com and we use it instead of Calendly. Cal.com is the leading open-source scheduling platform, which gives you the same superpowers of efficiency previously reserved for elite corporations and tech gurus.
The current (past?) Bear market has taught holders the valuable lesson of self-custody. True crypto believers have taken custody of their coins and probably even stored them offline. This supply is hardly going to be moved by mere ETF hype. This "frozen" supply has its sights on bigger ideas, bigger than mere profit.
The ETF is an important factor and will initially lead to much more buoyant prices. As the market adjust there will be volatility. However, the increased participation int BTC market by investors whose funds are typically locked inside the Stockbroker world is a major step in the right direction for this young value vehicle. This is more than just a foot in the door into the world of finance, this is blowing the door open. Additionally, naysayers of the past are forced to reconsider their position from the simple fact that the world is moving in this direction. The herd is moving, and some are forced to change that never would have without the gravitational force coming from this action of the market.
The current (past?) Bear market has taught holders the valuable lesson of self-custody. True crypto believers have taken custody of their coins and probably even stored them offline. This supply is hardly going to be moved by mere ETF hype. This "frozen" supply has its sights on bigger ideas, bigger than mere profit.
The ETF is an important factor and will initially lead to much more buoyant prices. As the market adjust there will be volatility. However, the increased participation int BTC market by investors whose funds are typically locked inside the Stockbroker world is a major step in the right direction for this young value vehicle. This is more than just a foot in the door into the world of finance, this is blowing the door open. Additionally, naysayers of the past are forced to reconsider their position from the simple fact that the world is moving in this direction. The herd is moving, and some are forced to change that never would have without the gravitational force coming from this action of the market.
It's been a while since I've listened. I was hibernating during the bear market. The only thing wrong with this is that there was no "bang bang".....