A rare moment where I agree with CZ.
The system has unilaterally decided to continue devaluing currencies in all countries. All currencies are sinking in sats, but is a retracement likely soon? Undoubtedly! BTC has proven it not only will survive retracements, but blow past them as this mathematically powered asset is empowered by its decentralization. We briefly touched 40k yesterday and have had more volatility than normal. The problem is the currency is being measured in dollars and not in sats. The dollar, the euro, the yen; all are in peril as devaluation continues. One standard will rise to the occasion without a precious metal backstop and we all know which one that is.
What is the next step? I jokingly said 40k BTC would seem cheap next winter a month ago and now 40k BTC is our reality. There will be another shakeout like there always is, act accordingly during this critical time.
-Your Friend and Fellow Investor,
Skyfries
