Chamath dropping warnings on $BTC again. The billionaire VC who rode the 2020-2021 bull is now cautious.

His main thesis: macro headwinds + rate uncertainty = risk-off for speculative assets. He's not saying Bitcoin is dead, he's saying timing matters.

But here's the thing: every cycle has its doubters at inflection points. Remember when he was bullish sub-$20k? Now he's defensive above $100k.

Meanwhile, $TAO $SOL $BNB $ONDO are still moving. Altseason doesn't wait for permission from billionaires.

DYOR. Trade your own conviction.