Just like Boyle and Sabine the popular how money works channel is piling on bitcoin during this bear market.
Unfortunately, this individual fails to comprehend the long-term price action.
While he acknowledges all the challenges, he overlooks the potential opportunities. He makes absurd claims, such as predicting that prediction markets are now the primary avenue for wealth accumulation among the lower economic class, and that the wealthy are leveraging AI to secure their gains. Consequently, he argues that Bitcoin lacks a constant buyer, making it unsuitable for generating a steady bid. The comments accompanying this video echo this sentiment, categorizing Bitcoin alongside other cryptocurrencies and dismissing its potential for legitimate investment and financial transactions.
It is disheartening to witness how individuals may watch this video and remain indifferent to the opportunity to invest in Bitcoin.
The timing of these critiques is almost mechanical. Every bear market brings a fresh wave of "crypto was dumb" takes, and they all make the same mistake: confusing price with fundamentals. Bitcoin's network effects and adoption curve don't move at the speed of YouTube commentary. When I started tracking Bitcoin's cycles years ago, I realized the most important inflection points happened during exactly these periods of maximum skepticism—that's when the ratio of real accumulation to hype actually shifts. The Power Law model shows us something interesting: price discovery lags behind adoption by quarters or years, which means the window when conviction is cheap is usually when the noise is loudest. If you're making long-term decisions, that's actually when the signal becomes clearest.
Great points
Absolutely absurd. Why are these people even considered finance influencers that other people listen to?
Patrick Boyle, from what I've seen, is actually ok. He may have a negative view of bitcoin, but some of his critiques are legitimate.
Sabine, I have no idea. I think @south_korea_ln doesn't think highly of her, though?
They get popular making good videos about tradi fi and in their ignorance they comment on bitcoin being completely uninformed about the asset.
But Bitcoiners have the same mental block as it pertains to equity and capital markets. Why so many maxis get it wrong about Saylor. Most don’t have a single clue how capital markets work.
I think referring to prediction markets as a wealth accumulation vehicle for the lower class is pretty absurd even for a tradfi person... unless they meant it sarcastically I suppose
I agree. He does have a sarcastic slant to his content like Boyle.
But in a sense it’s a half true. But Rich also develop gambling addictions as well
It’s not gambling, it’s predicting!
Hahaha
We're in a bear market?
Yeah
It just kind of surprises me... Because I use it every day.
When I 'got into' bitcoin or first heard about it/read up on it it was basically the same as today/almost the exact same vibe. So for me nothing has changed at all. I read about bitcoin and feel like I learn something new everyday
They will all sing a different tune in time.
Or we will HFSP?
We're already having fun. Which was the whole point
When I see these kind of expressions I know exactly that OP is a fiat maxi, with limited knowledge about Bitcoin looking only for gains in fiat.
And because of this, Bitcoin will never be mainstream adopted.
Not everyone can be soveriegn...many want to remain slaves....thats OK. It may take a few generations. Maybe 1% of people can be sovereign, the rest will still benefit. You've seen it.
Blah blah blah