Remember when the pleb slop narrative earlier this year was a super cycle! 250K to a Million were the cries!

And even more modest estimates were 150K - 250K

But alas, as of writing we've witnessed a retracement down to, what 89K? From the 126K highs a few short weeks ago

So what's happened? Well, all the money has gone into AI slop hasn't it!

This isn’t an accident, it’s the biggest narrative hijacking we’ve ever witnessed, well maybe not ever but it's pretty big

For 15 straight years we've seen the media train the public to hate on Bitcoin

"Ponzi"
“Used by criminals”
“Rat poison”
"Not backed by anything"
“Environmental disaster”
"More energy than a country"
“Greater fool theory”

Every cycle is the same shit

Then the big LLMs drop in late 2022

Overnight, the exact same institutions and journalist's flip the script

“AI is the most important invention since fire”
“$5 trillion in data centers is totally fine”
“AI will revolutionize the economy"

Same energy use but one gets called, the future of humanity, while the other is still called a scam

The public were given permission to love AI

They were never given permission to love Bitcoin and because central banks have so much control and power, obviously Bitcoin is a threat to their dominance, and seeing as they hold so much sway with the media, it's only natural that they steer their narrative on to the public

The result, institutions jumped into AI with both feet

https://archive.fo/qaSIe

Bitcoin has been left holding the door, as the new shiny thing stole what many were expecting, the traditional run up after the halving

AI literally ate Bitcoin’s lunch

What's next? Well, the moment AI starts showing signs of weakness, which it already has, the same media hacks will turn on it instantly

We here on SN and Nostr and X are not really bothered about the price, especially on a day to day level, once you reach a certain level it's all noise, but the pleb slop narrative that's doing the rounds currently, is the "it's the end of the four year cycle"

This AI theory certainly makes the case for liquidity flowing to the latest tech revolution which has taken the world by storm

But upon looking at the all time chart, there was a bear trap in the 2021 bullrun, just before the 69K run up, there was an initial run up and pull back, i can't remember if that was the ftx collapse

So this could be a bear trap, for the degen traders out there, not that we entertain ourselves with such foolish pursuits as trading

But, my point is that, we could see a launch to new highs, or decend way down, ultimately who cares, stack sats stay humble.

Twas just an Indulgence in price speculation, which i know is not the etiquette here but if outlayed correctly, we can stomach a certain amount of pleb slop can't we?