6 Comments

Do you expect operation chokepoint to have a negative effect on the price of Bitcoin in the short or medium term? Or enough dollar rails will survive it (like recently Fidelity opening for its clients the possibility to buy bitcoin)?

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author

It appears as of now that other dollar rails / banks are supporting this industry.

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Seems like author forgot to mention that eth massively outperformed btc, cementing its status as de facto settlement layer of choice for any meaningful crypto activity. Meanwhile btc showed how fragile it is and how each and every of btc maxis narratives were nothing more than memes and fishing for exit liqudity.

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Interesting, my chart shows the btc/eth cross down 14% over the last 17 days. What are you seeing?

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Tell me you're maxi without telling me you're maxi lol

Read the article - the author's timeframe is since March 2020 aka covid dump - it was a defining moment in the history, which changed the world as we knew it. Last time I checked eth did about 60x bottom to top, btc did 23x.

Who cares about last 17 days? What happened 17 days ago? Did something mark the new era?

Even during FTX's collapse, btc made new low when e.g. eth & matic did not (they held their summer 2022 lows). We can look at short term PA and it's no surprising btc is outperforming other coins for a brief moment because it was beat down like the worst shitcoin in 2022. But no matter how maxis try to spin the narrative, data > feelings. And data shows neither of maxis' narrative held.

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Says the ETH maxi XDD

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