Oddbean new post about login | logout Things move slower up here at $1Trillion.
Do they though? If anything, they should move faster…we’re not getting the institutional commitment “game theory” bitcoiners would expect at this stage.
HODLers are selling millions of dollars worth of coin every day. They have done for several months. This is why things move slower, the capital needs to be larger, and the higher it goes, the more bitcoiners step off the train (with a fraction of their holdings)