A statement that sounded like reality: Everyone who believes BTC is about to replace the US dollar, clearly forgets that they live in a county with a government that will continue to control currency and ensure ways of being able to tax it, affect valuation, and ensure ease of access. Crypto does not yet have a place.

However, the propaganda based on the BTC fundamentals continues, Bitcoin is a super commodity, minted from energy, the fundamental commodity of the universe. And there are more believers adding up concerning the superiority of BTC.

Nic Carter:  Academics have been proving that bitcoin works in practice but not theory since 2009.

Barry Silbert:  I’m bearish on stocks, fixed income and real estate I’m bullish on bitcoin, privacy tokens and a small number of other cryptos Stay out of debt, stay liquid.

Tyler Winklevoss:  Happy Bitcoin Pizza Day. Two years ago, the price of bitcoin was 9k on this holiday. Today, the price is 30k. Perspective.

Michael Saylor:  On Jan 3, 2009 Bitcoin was born, operating without economic value for 504 days until May 22, 2010 (“Pizza Day”) when two pizzas traded for 10,000 BTC. Satoshi disappeared Dec 13, 2010 without profiting in any way, completing the ethical launch of the world’s first digital money.

In a global bear market, there is no place to hide, but there is one place to stand – Bitcoin.

Ryan Selkis:  BTC is down 57% from its all time high. In other words, it’s holding up better than Netflix, Block, PayPal, Doordash, Palantir, Pinterest, Snowflake, Spotify, Zoom, Zillow, Peloton, Opendoor, and DocuSign in this market correction.

Ken Griffin:  “With more clarity in crypto, you’re going to see more of the Tier 1 firms able to provide liquidity, able to provide research, able to help enhance price discovery. That will help the market mature…” – Ken Griffin.

Regardless of what who thinks about Bitcoin, when talking about investment in Bitcoin someone said “Anyone ‘investing’ in Bitcoin but messing around with their position the next day, next week, next month, aren’t ‘investors’, they’re ‘traders’. Many out there should learn the difference.”

The reality is that investment is a job in itself and it is about taking risk and it is possible to lose everything with it.  Investors across the world are figuring out what to do with money in a way to beat inflation. The reality is that majority of them have not identified a sure portfolio to beat inflation.

Finally, “Investment is becoming more of a crap shoot – yes.” The market is in many ways a speculative casino. Bitcoin hasn’t shown to be anything other than that as well. It’s not a hedge against inflation and you can’t buy baby formula with it. It operates like Ponzi at least for now.