stepstones

That old saying .... and Bitcoin

Long
BNC:BLX   Bitcoin Liquid Index
Muh feelz for the next 4 years / bitcoin super cycle.

(and yes I know it's a misquote and most people usually source it incorrectly, too). Who said it and what exactly the words were, is not important. If you really want to know the quote's origins (and you should), then look it up.

What is important (and relevant to bitcoin) about the quote, is the order of events.

First, they ignore you.
Then they laugh at you.
They they fight you.
Then you win.

So that's four very specific events in a very specific order. And if you look at bitcoin and its history, that is exactly what has happened over the past 11+ years since it was publicly released. And to date, those stages were very synchronous with the general time period on and around the bitcoin halving dates.

In 2008 ... when bitcoin was invented ... the "smart money" and Wall Street banks like JPMorgan, ignored bitcoin.

In 2012 ... when bitcoin had its first halving ... bitcoin went from being ignored to being the butt of the joke, laughed at by JPMorgan and its Wall Street fraternity of banksters.

In 2016 ... when bitcoin had its second halving ... bitcoin went from being laughed at to a thing that had to be fought by JPMorgan, the rest of Wall Street, and even President Trump, who unleased the CME Bitcoin Futures when bitcoin reached its All-Time High (ATH) of around $20k, thus allowing traders to short the market, and causing its price to fall more than 85% and years to recover. Shortly thereafter, Trump also became the first POTUS to utter the word "bitcoin" publicly (in a negative light) and even JP Morgan's boss admitted bitcoin was not as terrible as he had claimed in 2017 and so many other times.

So bitcoin now enters the fourth stage: Then you win. What a coincidence! Just as bitcoin had its third halving, the same JPMorgan that ignored, laughed at and fought bitcoin so often before, publicly announced that it is buying bitcoin and offering bitcoin services to its customers (via Coinbase and Gemini). Oh, how the mighty have fallen!

Long Term: I'm Super Duper Bullish on Bitcoin (BTC) and certain other cryptos that have a great use case and adoption.

Also, it's fun to watch the 'smart' naysayers squirm every time bit cornz reaches new higher lows ... and higher highs.


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