Below is a direct excerpt from Marty’s crooked issue # 1142: “This is what normalization looks like.” Sign up for our newsletter here.
What will change in a year? At this point in 2021, Bitcoin’s price hit a record high of over $ 41,000 and was implemented for two months after experiencing a slight price adjustment, well above $ 60,000. As you can see from the picture above, the price of Bitcoin is about the same level, but the sentiment surrounding the Bitcoin market is changing dramatically year by year. Many people are afraid now that they felt euphoric at this time last year.
Human emotions are fascinating and very unstable. This is what your uncle Marty is making an ongoing collaborative effort to internalize. Because when internalized, it forces you to zoom out and see the big picture, rather than being caught up in the chaotic noise of the moment. The chaotic noise generated by the price of Bitcoin on a particular day is an example of a textbook, although it can be very distracting. If you are isolated on the headline, it doesn’t matter in which direction the price is heading. Individuals should pay attention to fundamentals and long-term trends.
Bitcoin is a decentralized peer-to-peer cash system, unlike the monetary system that has existed throughout human history. Competitors are far less responsive in terms of settlement time, openness, ease of use, and monetary policy credibility. In the first 13 years of its existence, the fact that more and more individuals catapult Bitcoin into another category compared to these fundamentals and others trying to bring these use cases to market. Came to recognize. That’s why so much intellectual, financial, and sweat capital has been poured into the network, and much more, that’s why it keeps moving forward. Mankind is rebuilding itself around the true machine of Bitcoin. This is where people should be focused. It’s not a good time to buy or sell Bitcoin. The activity is for distraction.
You should see different scores on the VIX at just 12 month intervals, at the same exact price as the signs of strong fundamentals. Bitcoin at $ 41,000 is so much normalized that people don’t believe it is “so low”. If people in early 2022 complained to Marty in 2016 about Bitcoin for about $ 41,000, he didn’t expect the price to go up so fast, so he spit out coffee. The fact that many are afraid at these levels is a sign of Bitcoin’s success and normalization in society.
Zoom out. Everything is working beautifully.