Because it’s exactly in line with their strategy

Don’t build sh&t

Wait until something’s so hugely successful that even the worst mismanagement would take years of decades to fully collapse it

Take it over, kick out anyone legit, using emotional feminine nonsense

Drain it to zero

Repeat

Parasitism is forever wildly successful without something powerful to stop it

Long march

Biggest Bitcoin bull wave of all time?

— 2011, and it’s not even close

Bitcoin expected annualized returns continue to get smaller each year, forever

Drawdowns likewise smaller

Returns still good, but Bitcoin alone no longer enough to be printing peanuts into palaces

Price forever going higher,

but climbing rate forever slowing

Full-on communists now embracing bitcoin. No longer the big ballsy move it was over a decade ago

You didn’t think it’d be that easy, did you anon?

Bigger returns require being more ahead of the curve

Thiel wasn’t wrong

Terrifying chart #2

Again, what if the size of the outsized BTC returns are gradually converging to something tiny, e.g. tvm?

Totally plausible.

Is BTC still a great long-term investment?

Sure.

Likely still well above most public market stocks, and better drawdown profile than before

Still wifechanging money returns?

Probably not.

Regular retards likely to screw it all up if they try to outperform bitcoin?

Sure.

Never underestimate human stupidity.

So it’s so over?

Ofc not. Bitcoin’s likely never going away, and will continue to excel, but it’s far from the last huge thing there will ever be.

In fact, number of huge opportunities may be increasing, at least for now.

But be early.