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Everyone is talking about the 32 $BTC Saylor sold.
I'm more interested in what the reaction says about the market.
32 BTC is nothing.
The interesting part is how quickly people went from:
"Strategy will never sell"
to
"What if they start selling?"
Crypto has a funny way of treating narratives as fundamentals.
The amount sold didn't matter.
The fact that the narrative cracked did.
Personally, I don't think 32 BTC changes Strategy's long-term thesis at all.
But it does remind us that every "never" in crypto eventually gets tested.
The bigger question isn't whether Saylor sold 32 BTC.
It's whether investors were buying Bitcoin...
or buying the certainty of the story around it.
$BTC #Bitcoin
Everyone is talking about the 32 $BTC Saylor sold.
I'm more interested in what the reaction says about the market.
32 BTC is nothing.
The interesting part is how quickly people went from:
"Strategy will never sell"
to
"What if they start selling?"
Crypto has a funny way of treating narratives as fundamentals.
The amount sold didn't matter.
The fact that the narrative cracked did.
Personally, I don't think 32 BTC changes Strategy's long-term thesis at all.
But it does remind us that every "never" in crypto eventually gets tested.
The bigger question isn't whether Saylor sold 32 BTC.
It's whether investors were buying Bitcoin...
or buying the certainty of the story around it.
$BTC #Bitcoin
I'm more interested in what the reaction says about the market.
32 BTC is nothing.
The interesting part is how quickly people went from:
"Strategy will never sell"
to
"What if they start selling?"
Crypto has a funny way of treating narratives as fundamentals.
The amount sold didn't matter.
The fact that the narrative cracked did.
Personally, I don't think 32 BTC changes Strategy's long-term thesis at all.
But it does remind us that every "never" in crypto eventually gets tested.
The bigger question isn't whether Saylor sold 32 BTC.
It's whether investors were buying Bitcoin...
or buying the certainty of the story around it.
$BTC #Bitcoin
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