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Open original source ↗Crypto is built on the principle of being permissionless; it's supposed to be a disruptive force to Tradfi. I believe in this mission. In many ways, Tradfi needs to be disrupted.
This is why I bristled against **TradFi / Boomer Adoption** narrative. Asking permission from Larry Fink, Jay Powell (or Donald Trump) is everything crypto is NOT supposed to be. Thankfully this "asking permission" narrative died in November 2024 (see post below).
The next leg won’t come from more suits blessing $BTC and telling tradfi to buy.
I believe it should come from building systems that replace tradfi, and forcing them to join in or lose.
Stop rationalizing why Boomers are not selling, or will buy again. Get back to building the altenative financial system. Take it away from BlackRock, not waiting for them to bless you.
Do this, and $BTC can go to $1M. Until then, winter will continue.
I see a number of degens blaming this decline on the Clarity Act getting stalled in Congress.
If you're mad at the Government not giving Crypto "permission" to rally ... you have really lost the plot!
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1/5 The Bitcoin "Boomer Adoption" Trade is Dead Markets are discounting mechanisms. They price the narrative long before the event occurs. The "TradFi" narrative drove $BTC up 400% ($25k → $106k) from BlackRock’s filing to Trump’s victory. But that engine is now out of fuel🧵
biancoresearch ↗