yet you have in recent months been idolising the staking prospect of ethereum.... have you not realised the reward rate of ethereum staking is far less than 200% per 4 years

anyways lets take ethereums 3.56%/year 'profit' (15% over 4 years cumulatively)
even my basic fiat bank account offers 4.2% which over 4 years is (17.88% over 4 years cumulatively)

the stock market averages 8% a year  (36% over 4 years cumulatively)
so just hoarding bitcoin which per 4 year cycle has and will be better than inflation and other assets.. will pay off just hoarding

bitcoin by its many factors(you should learn about) is and will be deflationary for everyone alive today life time
(as long as there is no large bug that kills bitcoin)

you need to really understand the many factors of bitcoin economics to realise why even the most highly paid economic strategists of wall street have even bothered to invest billions in labour and research and operating budgets to get things like the ETF's activated and operating

...

yes diversifying to not have all eggs in one basket is safe legit advice, yes the future is a unknown path where bugs can happen or other world atrocities or economics take over.. but thats long term investment risk of anything
the current scope of the nearest 2 decades+ shows that calling bitcoin a dying horse this year is far from the truth, its still young and the risk level of hoarding for 4-20 years is far less risk than what you keep implying. 2024 is not a death note, condolence card, its a teenagers birthday card
 

i don't necessarily know why wall street would have any interest in bitcoin. nor do i care because bitcoin is not a company that has a product or service. it probably doesn't even belong on wall street. and these people you are talking about on wall street i doubt many of them even own any bitcoin at all. it's just something they talk about but don't really care about. why should they? bitcoin didn't make them rich. they got rich by fiat.


to the extent that they are more informed about current market conditions and what is likely to happen in the next year or so yes i think they have insider information. and once they start selling, it causes other people to do the same thing. which causes bitcoin to drop maybe. if they were smart enough to get involved with bitcoin when it was worth $1 then they're smart enough to know when is the ideal time to sell it.

things are more complicated than just black and white franky. i could do without your personal attacks/insults though. they don't accomplish anything. but consider this: you like proof of work better than proof of stake. but proof of work is worse for the environment. which do you consider more important? your wallet or the environment. sometimes we have to make compromises to facilitate the greater good for the planet. ethereum has done that and we shouldn't criticize them for it. how much greenhouse gas emissions has vitalik saved by moving ethereum to proof of stake? probably alot more than anyone here has by switching over to an electric vehicle and patting themself on the back..