Oh dear! Another organization just scored an own goal through some sub-standard Bitcoin research. Let's pan back to why this matters, because this isn't even about Bitcoin - its about the survival of the Market research firm in the AI age. I mean unless they are very high quality, objective and free from bias, and do deep investigative research - AI can clearly do a better job. Pivotus Parnters had the opportunity to show it could do a better job than a basic AI search recently and failed. 1) Bitcoin has failed as a dollar hedge 2) No Central Bank will accept Saylor controlling float 3) BTC simply correlates with NASDAQ 4) Unusable for serious transactions If this is the level of due dilligence Pivotus Partners does, then all the article actually tells us is that Pivotus Partners is a very risky business to go to for any Market Research. Better to use AI, which could have contradicted all their claims with a more fact-based assessment. Pivotus Partners' website claims to deliver "sharp insight, strategic mastery". However neither of these qualities are on display in their analysis of Bitcoin. Farr's Points are 1) Bitcoin has failed as a dollar hedge 2) No Central Bank will accept Saylor controlling float 3) BTC simply correlates with NASDAQ 4) Unusable for serious transactions 5) Bitcoin will go to $0.00 due to its "environmental impact" 1. Bitcoin is only 17 years old, it is too early to make an assessment about its long term potential as a dollar hedge. 2. At least one Central Bank already does hold Bitcoin (Czech Republic, with more likely to follow) 3. BTC sometimes correlates with Nasdaq and sometimes does not. But even if it always correlated, so does biotech, but that doesn't render it a "failed" area. Very strange criteria. 4. Serious transactions? Large and growing transactions, with more than 650,000 new businesses onboarded last year in South Africa alone. 5. But the biggest clanger was his contention that you left out (perhaps because it is so obviously a clanger?) "Bitcoin fails as a medium of exchange due to its environmental impact" There are 22 peer reviewed publications and 8 independent reports showing that Bitcoin has a positive environmental impact. For a firm that claims to be a market "research" company to be unaware of this large body of, well research, reflects poorly on the entire organization. Why would people pay to hear an absence of research and the presence of confirmation bias, when a basic AI search would contradict these points and deliver an answer that is better researched and more objective? Do better @farrmacro and Pivotus Partners!(Daniel Batten)