None of this is personal or intended to attack anyone

None of this is personal or intended to attack anyone.  Just the way we see it.  Having observed and participated very closely since 2013, we contend it is long past the time to flush out some dead weight and drags on the industry. So here's a few thoughts on that plus macro factors.

1.  Flush The System Of Grifter, Charlatan Scammers

SBF. Lingham. Samani. Cardano guy. And the many, many more.  Still need a more destructive beat down by the market.  Nothing personal, just necessary.  More progress will happen when the ecosystem participants stop falling for the "Yeah Bitcoin is great, but here look at my shiny new token and how it is better" affinity scams and other tactics they use.  They grift off of and impede overall progress. 

2.  Accept What Ethereum Is And Is Not

Long past the time when the market needs to accept what Ethereum is and is not.  They tried the DAO in 2017.  Emperor Buterin turned back the clock and recreated history to bail out cronies.  Now, the code hasn't been written yet for stakers to be able to unstake.  Yup, sure is decentralized isn't it.  Gone from the game now.  In this piece titled "The Submerge" we highlighted the numerous structural issues with The Merge, much to the chagrin of the Ether fan boys.  "Just wait until the xxxxx upgrade!!!!"  How many more times will folks fall for this?

3.  Witness The Death of High Profile VC Cult Copycat Scam Chains

Solana.  Cardano.  Polygon. Ripple (seriously?).  Polkadot.  And the rest of them.  Solana finally imploding might be the most effective shot fired if we had to choose one.  Seeing SBF behind bars, though perhaps an emotional jolt to some, won't pave the way for clear skies ahead.  All of these scam coins pumping VC bags are a major drag.  The SEC is now reinforcing its message that regulation and enforcement is coming.  It's only a matter of time before the next major hack or exploitation or meltdown like LUNA and FTX to set the whole market back again. 

4.  Turn The Tables On ESG Cult

Bitcoin will boil the oceans!!!!!!!!!!!!!!!  Thank you for that gaslighting Senator Warren and Rep. Ocasio-Cortez.  Now, let's see what the mature adults have to say.  Bitcoin can turn environmentally harmful waste from energy production into valueBitcoin can turn literal trash at a dump into value.  Can you do that Senator Warren merely by tweeting out propaganda?  We didn't think so. 

When the masses realize and understand that not only is Bitcoin not harmful to the environment, but it is rather very helpful to the environment - this is a game changer.  Just look at BlackRock now with its clients telling them they have had enough of the ESG Cult and forced "climate change" wokeness.  is also Digital Energy. 

5. Real Wage Growth

See below.  Hey, look at that.  Ever since Biden took over, real wages have been negative in America.  Kind of tough to throw a few bucks at some or a weekly deposit into a crypto account when the Average Joe in America is struggling just to keep up with inflation.  for example, heavily relies on its projected participants having disposable income. 

6.  Market Emphatically Prices In No More Rate Hikes

Don't "have to" get the proverbial "Fed Pivot" or literal announcements of YCC (Yield Curve Control, which is coming) or QE or whatever new acronym they create.  Just need the market, not the Ivory Tower geniuses, to tell us as investors no more hikes are coming - with emphasis.  This removes the guillotine hanging above the "Risk On" trade and like it or not for a little while more BTC will be either Risk On or Risk Off. 

Conclusion:

Sure, the price of Bitcoin can rise, fall, tread water, or do anything at any time.  Our contention is that for a true breakout to occur (like in July/August of 2015 with CNY easing and other factors helping excellent technical breakouts and momentum), some cleansing and flushing still needs to occur.  Otherwise, the markets will always be one new scam or major hack and meltdown away from "here we go again".  That regulatory threat is major as well.  Investors, in particular institutional investors, need and want clarity. 

Are you still waiting around for some High Priest to "launch the upgrade that will really send us to the moon"?  Bitcoin already transferred over $37 Trillion in value from Point A to Point B.  The Lightning Network is here.  Build on Bitcoin, both in terms of businesses and personal savings and wealth preservation (this is NOT financial advice).   

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