Sheeple...
U.S. Bitcoin ETFs bought 27,500 Bitcoin this week, and all sorts of so-called crypto media outlets are cheering about it. Influencers are in the same boat because, for 99% of Crypto Twitter and crypto investors in general, the only thing that matters is the number going up.
As of 10/4/2025, U.S. Bitcoin ETFs hold a record 1.34 million Bitcoin. One million is supposedly held by some dude named Satoshi Nakamoto, who’s allegedly the creator of Bitcoin, and probably close to a million are lost forever.
I bet there are plenty of early adopters who mined Bitcoin with a damn laptop and lost thousands of coins due to their negligence. Imagine watching the BTC price as it nears a new ATH, well over $100,000, knowing you’ll never get your hands on the thousands of Bitcoins you mined but lost…
I didn’t mine BTC. Hell, I didn’t mine any crypto. I did manage to get my hands on a decent stash of DOGE back in 2019, but I didn’t hold onto it long enough to cash out big. The market fucked with my head, so I sold ‘em all cheap before the real rally kicked off.
Bitcoin is called digital gold by some folks out there, but in reality, it’s scarcer and, to me, holds more value than gold. If I had to choose between $1,000 in gold or $1,000 in Bitcoin, I’d pick the latter as a long-term investment.
Gold’s been on a tear recently, the SPX has smashed ATH after ATH over the past couple of months, and silver’s about to take off too. But how much exposure do the masses have to these assets? Very little, if any.
I’d wager even the most influential people in the crypto space don’t own much Bitcoin, if any. Can’t blame ‘em. We’ve been conditioned to love cheap money, or as I call it, fiat cash. Our habits prove it.
Look at regular people—how they earn their money and how they spend it—and you’ll see the fiat trap is so well-designed it’s damn near impossible to escape.
It took Bitcoin over 15 years to go from a few cents to over $100,000, and when you glance at the chart, it might seem like an easy ride. It’s not. You’ve gotta wrestle with some heavy emotions to ride those waves we see as candles on a chart.
Dudes would rather take out a five-year loan to buy a shiny Mercedes than use that loan to buy Bitcoin, wait five years, and let it pay off their debt with a fat profit. We often envy the upper class for their wealth, but truth is, we’re not the same…
Some of them are filthy rich but don’t feel the need to flaunt it, while most of us are broke as hell but would kill for a shiny car, flashy clothes, or gadgets to look rich.
Back to ETFs. These institutions are hoarding BTC like there’s no tomorrow, and plebs are cheering them on. I’ve got a different take. Much of that BTC won’t hit the market again anytime soon.
They know fiat is designed to be devalued endlessly—that’s why the Federal Reserve was created. But the majority still sees these crises as transitory, believing the purchasing power of the dollar or euro will somehow bounce back. Not gonna happen.
Ever…
Thanks for your attention,
Adrian