Despite a slew of events and conditions throughout the world that would appear to be excellent narratives for Bitcoin's continued use and adoption, it has been a complete letdown. There hasn't been a daily close outside of the 29K-65K range since December 2020. And the majority of that time was spent watching the stock market fluctuate between the mid-1930s and the early 1950s.
Will people ever realize that bitcoin's prospects of ever accomplishing anything important have been decimated by institutional adoption?
Is there any explanation why bitcoin is a piece of rubbish that continues to fall in value despite massive inflation for years?
Moving forward, I believe the best course of action is for BTC to gradually fade away and out of the way, allowing other cryptocurrency initiatives like Meteora, ROSE, and others to emerge from its shadow and be reviewed and performed on its own merits.
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