Crypto Is Boring Again? Except for MicroStrategy's Wild Ride

Crypto Is Boring Again? Except for MicroStrategy's Wild Ride

By Bfab | Good vibes | 31 Dec 2024


I have the feeling that crypto is becoming boring again. Markets are quieter, big headlines are sparse, and the rollercoaster volatility we love (and sometimes hate) seems to be taking a breather.  

Case in point: I just did some modest trading on Vertex—earned $100 in two days (click on this link to trade on this app and get incentives).

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Not bad, right? But honestly, that was only through short selling. Seems like even the altcoins are struggling to hold momentum. Crypto influencers have gone noticeably quieter about the much-anticipated "altcoin season." Makes you wonder if it’s even coming back or if this cycle is just... different.  

Then there’s MicroStrategy. They’re out here acquiring 2,138 BTC for a whopping $209 million, at prices that seem sky-high compared to what retail traders like us aim for. Their long-term average cost is over $62K per BTC. Sure, they’ve made gains YTD, but is this just blind conviction or a masterclass in patience?  

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And here’s the kicker—I learned they now own 2% of Bitcoin’s entire circulating supply. Let that sink in. One company controls that much of the asset many of us see as decentralized. It raises so many questions: What’s their endgame? How does this impact Bitcoin’s future? Are they just waiting for a $1 million BTC, or is there more behind the scenes we’re not seeing?  

Meanwhile, I’m wondering if the broader market is running out of stories to tell. Are we in the calm before the storm? Or is crypto entering a phase where it quietly consolidates before surprising us all over again?  

Anyone else feeling this shift, or is it just me?

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Bfab
Bfab

Thinking too much?


Good vibes
Good vibes

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