sms on Nostr: I don’t have exposure to meme coins because, believe it or not, their success ...
I don’t have exposure to meme coins because, believe it or not, their success depends on #Bitcoin’s success.
I’m a firm believer that if #BTC “fails”, literally everything else that “competes” will be beyond doomed.
They lack the foundational substance for me to consider storing value in them.
If you don’t see the value in a hard capped supply or network effects then you’re missing the whole picture.
#Bitcoin’s network effect > all else.
Everything has a centralized authority when compared to #Bitcoin’s decentralization.
I simply choose quality.
Institutional interest isn’t the end all be all for legitimizing where it’s okay to put your value. I think it can signify a markets ripeness to be manipulated and turned into a profit.
When Solana ETF? Not like it would change my thesis.
ETF or not nothing compares to what can be built on #Bitcoin.
Published at
2024-06-04 04:48:47Event JSON
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"content": "I don’t have exposure to meme coins because, believe it or not, their success depends on #Bitcoin’s success.\n\nI’m a firm believer that if #BTC “fails”, literally everything else that “competes” will be beyond doomed.\n\nThey lack the foundational substance for me to consider storing value in them. \n\nIf you don’t see the value in a hard capped supply or network effects then you’re missing the whole picture. \n\n#Bitcoin’s network effect \u003e all else.\n\nEverything has a centralized authority when compared to #Bitcoin’s decentralization.\n\nI simply choose quality.\n\nInstitutional interest isn’t the end all be all for legitimizing where it’s okay to put your value. I think it can signify a markets ripeness to be manipulated and turned into a profit. \n\nWhen Solana ETF? Not like it would change my thesis.\n\nETF or not nothing compares to what can be built on #Bitcoin.\nhttps://m.primal.net/IXvg.png",
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