I dunno, man. I understand that people wanna survey the space and be all hopeful and "look at this growth" and "so and so many of our countrymen own bitcoin!" -- 2.5 MILLION ACROSS THE NORDICS?!

But, like, CRINGE when your methods suck.But, like, CRINGE when your methods suck.

So I looked into the 130-page report from K33 Research (a crypto custodian/trader/bitcoin treasury financial-engineerer) called Nordic Crypto Adoption Survey.

It's mostly, eh, shit -- though the headline results look AMAZING

as I complain in the piece:

The 2.5-million figure, or 11% of the Nordic population, is literally unbelievable. Surveying the reported distribution of holdings makes clear how they arrived at that number: Most are trivial (“modest”) holders.

Most of the survey respondents who indicate positive holdings (some 386 people…), report trivial holdings (below 6 million sats). This looks much more like a side-hustle gambling on shitcoins, or some premine allocation, an airdrop receipt, or an online influencer promotion payment than it does consistent, regular stacking by a devoted set of young people embracing a new asset class. And as remarked on above, on the right tail of the distribution, you’re bound to miss a lot of the larger holdings (the “missing-rich” undercoverage problem).

CONCLUSION: There are no Nordic Bitcoiners -.-CONCLUSION: There are no Nordic Bitcoiners -.-

There either isn’t much adoption in the Nordics, in which case this survey is a little pointless, or the survey is missing all the real Bitcoiners, whales, and those with large holdings… in which case the survey is a little pointless.

Oh well, BE SURE TO CHECK IN NEXT TIME... and sign up to the Nordic Node (#1489832), for the full, uneeeedited flavors (next issue out Wednesday)