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If Bitcoin / crypto suddenly is viewed by the world as the non-sovereign play…
That is a powerful enough narrative to potentially change my longer term bearish thesis
At the center of my bearish thesis is a simple Doji candlestick on the yearly chart — a pause due to indecision
Indecision can lead to a reversal of trend, or strong continuation of the trend that paused
After indecision comes decisiveness — whatever direction the next narrative takes us, will be defining
I have said all along if a new narrative worthy enough appears, it will replace the narratives I am saying are dead: ie Digital Gold
For now, I won’t pivot. This narrative is still unproven. I worry quantum, AI like Mythos, and more are able to make cryptography obsolete
But I am happy to acknowledge that this is a very powerful narrative that could potentially emerge
It would bring back some of the anarchist vibe to Bitcoin that brought me to it in the first place
And if it could bring me back, I know it will bring back others, too