There's this thing called the Nikon P1000, with which you can shoot insane moon and sun pictures because of its 125x optical zoom. Funny when you consider that the sun is supposedly a million light-years away from us, but you can photograph its spots with a $1,000 camera...

You know what else the Nikon P1000 is capable of? Photographing Bitcoin from the moon, because that's where it seems to be going. I don’t know about altcoins, ‘cause most of them are still in bear market territory, but BTC is flying high, and it’ll probably keep doing so for another couple of months or more.

My gut tells me this is the final rally before the blow-off top—a proper blow-off top, not like in 2021—that’ll bring BTC to... I don’t know where. I have a solid history of sharing bullshit price predictions on this blog, and it’s probably time I stopped doing that.

I wonder what the pizza guy is doing right now... You know, that dude who sold 10,000 BTC for two pizzas. You could say he kinda sold Bitcoin for pizzas. I wonder if he’s still into Bitcoin and how long the guy who bought him the pizzas in exchange for BTC managed to hold onto his Bitcoin.

Back then, there wasn’t any option to use crypto for payments, so he had to find someone to buy him the pizzas for cash in exchange for 10,000 BTC. It’s not like he couldn’t afford the pizzas, but he wanted to make a case, and he did... Besides this example, we don’t see many using Bitcoin lately other than for speculation.

Man, what a great speculation BTC has been this cycle. It’s literally outperformed most of the altcoins out there. This thing is almost 10x from its bear market low, while the majority of altcoins are in the gutter. It feels like a lonely bull market, though.

Not much hype around it, not much retail involved. They’ll probably pile in near the top, and some will buy LTC or ETH instead of BTC because they’ll see these as cheap alternatives to Bitcoin. Fools...

Another sucker I want to mention in this post is the German government, which dumped 50,000 BTC for half the price it’s at now, and that wasn’t long ago. It’s actually been less than a year, if I remember correctly.

We’re at the end of May, and the saying goes: “sell in May and go away.” Well, it might turn out to be true, but we’ll have to see about that. If the four-year cycles are still in play, then we’re in for quite a ride, as the last phase of the bull market is the most profitable for selling crypto.

If this cycle repeats the 2017 one, then every shitcoin out there will do well. If not, we’re all gonna become Bitcoin maximalists by next year. We’ll have to see about that. For now, I’ve got no reason to celebrate anything in crypto ‘cause I don’t hold Bitcoin (lucky me ).

Thanks for your attention,
Adrian