They will pull in all directions and how. At such moments you are amazed and have to accept what is happening. Of course, there is an option to short the downward trend. There are few events for optimism now. If large investors cannot fix the situation, then this is a sign that we should expect the worst-case scenario.

Where are all these predictors of a high Bitcoin price? They have disappeared somewhere. Which was to be expected. What opportunists they all are, however. But reality is giving them one middle finger.

I have been debating this topic all wkend. I've been studying more about $GME using fundamentals and its meme worthiness.

Fundamentals are obviously not great: EPS is only positive due to the interest from the cash reserves. EBITDA is basically near $0 for the FY and really only positive during Q4, which offsets Q1-Q3 losses. Revenue has been declining and will likely continue to decline.

Meme worthiness: not sure how to value this using any reasonable metric. But it should be viewed as an intangible asset of some sorts. Obviously FASB will never allow this to be ever recorded as such on the Balance Sheet, but this isn't nothing. GME has a huge retail following, led my RK or DFV.

BTC/MSTR bulls: There are BTC purists who will support $GME and some $MSTR fans who will support GME too. Not all obviously, as some may think it takes away liquidity from pumping MSTR or BTC, but I think there will be a net positive to $GME's following from these groups

Bitcoin adoption: Bottom line. GME used to be a joke, probably was still a joke as of last week, but I think this BTC move changes everything. Some may be cynical and say BTC's association from the likes of $GME, Michael Saylor, North Korea, Trump are all headwinds. I disagree. It was only 4-5 years ago where morons widely associated BTC with only criminals. Some still do.

So the fact that BTC is being adopted by major public companies (albeit failing) like MSTR, MetaPlanet, and GME is an upgrade versus criminals. We already have BlackRock and many other reputable institutions supporting BTC and the broader industry.

So while $GME used to be a joke, the fact that they are acquiring BTC, in my opinion, legitimizes BTC as a store of value and I think is a good transitionary step from BTC bring a "criminal currency" to actual liquid gold adopted by the masses.

Do I think $GME is a good investment? Possibly.

We saw what happened to MSTR and Metaplanet. They got in much earlier though so I don't know if GME will see asymmetric returns relative to idiosyncratic risks associated with its fundamental business. But if I had to bet on it, I think $GME brings more positive attention to $BTC and to crypto...which I think is a net positive.

So I wrote that under Trump, the crypto market does not expect anything good at all. Large investors do not fully understand this person in power and are trying to preserve their assets. Therefore, risks are reduced by less risky instruments. This is a completely logical step in such a situation. Therefore, investors left Bitcoin and switched to other investment areas.

I believe that the scenario with the fall will continue for several more months. This year, it seems to me, will be the worst in a long time.

Whales have been in the market manipulation business for years, Michael Saylor also do that with his social platforms. Retailers suffer the most out of their plots, and they fetch whales the most money. The market is becoming a tug of war, the strong hands win atmost.