The funniest thing about BTC isn't that it crashes. It's th…

The funniest thing about BTC isn't that it crashes.
It's that every time it crashes, a bunch of people rush out to say it's just prepping for the next bull run.
It's like a guy who gets slapped in the face every single day, and after each hit, he excitedly declares:
"Brothers, this means she's still got feelings for me."
Twenty years ago, they said BTC was digital cash.
Then they realized it couldn't actually function as cash.
So they switched to calling it digital gold.
Later on, they realized gold at least has industrial uses.
So they pivoted to calling it a store of value.
When even "store of value" started falling apart, it morphed into "the ultimate settlement layer of civilization."
The real innovation of this thing has never been the tech.
It's the storytelling.
Every failure, swap out the name.
Every death, swap out the face.
Just like a heavily made-up drag queen working the late-night streets.
From afar, the promo shots look drop-dead gorgeous.
Get up close, and that Adam's apple's bigger than yours.
You say, "This isn't what you promised back then."
And the believers get pissed:
"You're the one who misunderstood."
Of course.
It's always someone else who misunderstood.
Turning from digital cash into a Wall Street ETF? Someone misunderstood.
Going from anti-intermediary to relying on custodians? Someone misunderstood.
Shifting from anti-bank to becoming a product banks peddle? Someone misunderstood.
The BTC community's greatest skill is repackaging any failure as a win.
A hooker cons you for one night.
BTC cons you with a faith.
The saddest part? Plenty of folks are still posting on forums right up until their pants are around their ankles:
"Long term, this is bullish."
Written by S. Tominaga