A reason to be bearish

It’s always important to remember the bullish case to invest in BTC is just a story you tell yourself. A story where BTC is the hero combatting the Fed, inflation, and “the system.” It’s a compelling story with some truth, many are maximalist believers. B there are other stories out there and more than ever before.

At one time it was MAG7 and BTC. Now it’s rare earth metals like MP, the space industry like RKLB, power plays like BE, data centers like NBIS and semi chip makers like MU. All these stories compete for people’s attention and money. Even prediction markets are exploding bc they’re fun.

The BTC story is alive and well but I believe it’s lost momentum bc of all the other stories. Stories need excitement and I don’t see it in BTC ATM. All the above stories are making people lots and lots of money. I still think BTC is a solid story but I’d diversify into other investments as well.