bitcoin is dead. obviously not really, but I’ve been talking to a few ancient bitcoin whale friends about why all the OG wallets are selling off in SIZE. like billions of dollars in sales almost daily at this point. hear the same thing every time. why would they keep holding? OG bitcoiners are almost all extremely anti-establishment + rooted in counter culture. the price has skyrocketed, public appeal has grown, and there is more government/Wall Street interest than ever. this is exactly what they didn’t want. they wanted a self governed currency. something by them, for them, no matter what country they’re from. since it’s dancing around $110-$120k, most of them are MASSIVELY in the green. 1000 bitcoin (which is nothing to a lot of them) is worth over $100m. Considering many of thems cost basis is around $1000, that is a HUGE gain. Think about this, the difference in lifestyle between having $1M and $100M is much different than the one between $100M and $200M. bitcoin hasn’t lost its way, it’s just found a newer path. one with more institutions, more retail interest, and global acceptance. but at what cost?