NVK on Nostr: Ppl (specially tradfi) don't understand what bitcoin is. They think it's some ...

Ppl (specially tradfi) don't understand what bitcoin is. They think it's some internet stock

Every time the market pukes, bitcoin goes down w/ it

The difference is, there is no system risk to bitcoin. It doesn't suddenly stop!

It will take years, but eventually people clue in

quoting
note1cr7…e5am

In crises, markets sell what they can, not what they want.

#Bitcoin is down because it was the only market open to sell on Sunday night, not because the only fixed supply money we have is now less valuable.

#Bitcoin isn't hedging the broken financial system, it's replacing it.