Jacob King|Nov 21, 2025 15:08
When Bitcoin drops -40% in a week, maxis switch from calling it a "store of value" to an "inflation hedge."
When inflation surges and BTC plunges like a rock, they shift from an "inflation hedge" to a "safe haven asset."
When an economic crises hit and BTC tumbles even further while gold surges, they pivot from a "safe haven asset" to a "global payment method."
When fees spike to record highs and confirmations take days or weeks, they go from a "global payment method" to an "institutional asset."
When Wall Street and institutions start dumping en masse, they cycle back from an "institutional asset" to a "store of value," and the loop repeats.
Bitcoin runs entirely on false and made-up narratives. It's a game of hot potato, designed to lure in more speculators. Every single narrative has been tried, and failed. As prices crash back to reality, investors finally see what Bitcoin truly is:
A worthless, obsolete technology, never successfully adopted by any country, used by nobody for its intended purpose, and failing in every role it's been hyped for. It exists solely as a tool for speculative gambling, destined to end like the tulip bubble.(Jacob King)
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