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Bitcoin Just Hit $118K — But This Feels Different Than 2021
61 sats \ 4 comments \ @6ef1e075c3 13 Jul bitcoin
Bitcoin just smashed through $118,000, and the whole market is heating up again but not like before.
This time:
📊 ETFs are pouring in billions with over $51B in inflows so far this year
🧠 Institutions aren't just “coming,” they’re here: buying, holding, building
🇺🇸 Even the US is now talking about a Strategic Bitcoin Reserve
💥 Shorts are getting liquidated by the billions
Unlike 2021, this rally doesn’t feel fueled by hype.
There’s no Dogecoin mania.
No Elon tweets.
No stimulus checks.
This feels like:
Bitcoin finally being taken seriously as a macro asset.
Here are some questions for you my reader and stacker:
  1. Are we entering a Bitcoin-backed financial world?
  2. Will governments and banks start holding BTC like gold?
  3. or is this just another top before a deeper rotation?
I’m stacking harder than ever. But more cautiously than ever too.
What’s your take? Are we just getting started, or is this a bull trap wearing a suit?
⚡ Drop your thoughts or a zap — if this run feels different to you.
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180 sats \ 1 reply \ @79c9095526 13 Jul
While bitcoin is doing well, it is still below the ATH of 2021 when priced in gold.
Given the ridiculous amount of fiat debasement happening across the world, I would actually expect bitcoin to be substantially higher.
With that said, this cycle does feel different. It feels like a more methodical march upwards vs. the speculative short term fervor of the past cycle tops. I hope that continues, I'd rather slow and steady vs. the roller coaster of the past.
To your questions here are my opinions:
  1. No we are not entering a bitcoin-backed financial world. That will take decades, if it ever happens.
  2. Some governments already do hold bitcoin and I expect that to slowly continue
  3. I don't believe this a top before another rotation. I'm guessing we cross $150k before a 30%+ drop occurs.
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0 sats \ 0 replies \ @6ef1e075c3 OP 13 Jul
Totally agree pricing Bitcoin in gold gives a clearer perspective that gets lost in USD hype. When you zoom out, it's a reminder that fiat gains can be deceptive in a world of constant debasement.
I also feel this cycle is more strategic than speculative. ETFs, institutions, and steady global adoption are giving Bitcoin more structure this time less moonboys, more balance sheets.
  1. You're right a truly bitcoin-backed financial system is still a long game, if at all.
  2. Slow gov adoption feels inevitable, especially for reserves or remittance corridors.
  3. And yes $150k seems reasonable before we get any real flush. Momentum still feels healthy, not euphoric.
Thanks for adding such a grounded take to the noise. ⚡
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30 sats \ 0 replies \ @SwapMarket 13 Jul
How can one stack harder and more cautiously at the same time?
Dollar price is meaningless if we can't exchange our 1s and 0s (Bitcoin is just data) for goods and services directly, without governments looting our pockets or labeling us money launderers. This is not just another asset class for "lawful" investment, but a "get out of jail free" ticket. We should all focus on that aspect, rather than price.
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0 sats \ 0 replies \ @bitcoingecko 13 Jul
We are finally starting the bull run. Will it be a standard cycle, no idea. But the bull run is here.
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