Alright, so everyone's losing their minds because Bitcoin ain't exactly ripping faces right now. Stocks are hitting new highs daily, and BTC is… well, it's just kinda there. Stuck in the mud.
The "Silent IPO" Theory: Copium or Reality?
Some "expert," Jordi Visser, is going around saying this is like a "silent IPO." Give me a break. His theory is that early investors are cashing out, creating selling pressure that's keeping the price down. He even drags out the ancient history of the Facebook IPO as a parallel. Okay, fine, maybe there's something to it. These early Bitcoin guys did take a huge risk. They deserve to make bank. But does that really explain why Bitcoin is acting like a sedated sloth while everything else is pumping?
Visser says these early investors are "methodically distributing their positions" so they don't "crater the price." Oh, how considerate of them. They waited years, so what's a few more months of sideways action, right?
I mean, the on-chain data does show old coins moving. Coins that haven't seen the light of day since BTC was worth less than my morning coffee are suddenly active. So, yeah, maybe he's onto something. But here's the real question: Are these "early investors" really that patient? Or are they just bagholders who finally found a way to unload their stash on unsuspecting retail investors? Bitcoin Price (BTC) Analysis: Patience Required as Early Investors Sell
Treasury Secretary's "Signal": A Political Game?
And then there's this whole sideshow with the Treasury Secretary, Scott Bessent, tweeting about Bitcoin. "Bitcoin never shuts down," he says, taking a jab at Senate Democrats over the government shutdown.
Seriously? Is this guy for real?
What am I supposed to think? Is he subtly endorsing Bitcoin, or is he just using it as a political football? And if the Trump administration is so committed to crypto, then why are they dragging their feet on regulation? ‘This Is A Signal’—U.S. Treasury Secretary Sparks Wild Bitcoin Speculation As Traders Brace For Price Shock
Bessent also clarified previous comments, saying Treasury is exploring "budget-neutral pathways" to acquire more Bitcoin. Budget-neutral? What does that even mean? Are they planning to find Bitcoin under a couch cushion?
Let's be real, this whole thing reeks of political posturing. Trump wants to be the "bitcoin superpower of the world," but his administration is sending mixed messages. It's enough to make your head spin.
Speaking of spinning, remember when my internet provider tried to tell me my "slow speeds" were due to "increased network traffic"? Right, because everyone in my neighborhood suddenly decided to stream 4K movies at the same time. It's always some BS excuse.
Patience...Or Just More Hopium?
Visser thinks this "distribution of ownership" is a bullish event in the long run, but it could take another 6-18 months. Six to eighteen more months of this crap? Seriously?
He wants us to be "patient." To wait for the "heavy selling pressure" to lift and for "institutions" to absorb the OG supply. But what if it never happens? What if this is just the new normal? A slow, agonizing grind that never ends?
The Bitfinex analysts are even more optimistic, predicting Bitcoin will hit $140,000. That's great and all, but I'll believe it when I see it. Offcourse, they are the ones selling the crypto, so they have a vested interest.
This Ain't No Moonshot, It's a Dead Cat Bounce.
Look, I'm not saying Bitcoin is dead. But I am saying that all this "silent IPO" and "Treasury signal" nonsense is just a bunch of hopium. The market is being manipulated, the politicians are playing games, and the retail investors are getting rekt. Again. So, buckle up, because it looks like we're in for a long, bumpy ride.
