A mess indeed. Folks, the fall of FTX is not a good thing to have happened, for a plethora of reasons. It has and will continue to shake the confidence of investors in this market, and has added duration to our bear market sentence.
I will allow the video to do the talking today, as I’m pretty worn out from this week (as I am sure we all are). See below for the Glassnode video I refer to, probably better to watch that as back story first, which goes more into the forensics of the situation.
I hope all of you are ok, and please feel most welcome to DM me, ask questions, and I will be more than happy to assist however I can. Times like this are tough, but we will rebuild, push through it. If you were impacted by the FTX event, always remember, the greatest and most successful investors lose money, through a whole variety of reasons. You can, and will make it through this. The most important part is to put is behind you, learn from it, and return stronger, wiser and more resilient.
The thesis remains unchanged, even if our fate contains more bear on the road ahead.
I will be staying humble, and stacking sats.