If I were a nation state looking to acquire a large position in Bitcoin quietly, acting like you’re going full shitcoinery publicly might be the strategy. I can’t remember who said this a while back in reference to Peter Thiel in cycles past but seems like a good rule of thumb:
If they are talking up an asset publicly they are trying to offload their position.
If they are talking down an asset publicly they are trying to build their position.
SimplyFocused
npub1lc…j7c6f
2025-01-26 15:01:36 UTC
Author Public Key
npub1lcv6k6ky3c6eg92aqqs4rva3s0svt5mkpu2me9mlzl3ua8cytpkqdj7c6fPublished at
2025-01-26 15:01:36 UTCEvent JSON
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"content": "If I were a nation state looking to acquire a large position in Bitcoin quietly, acting like you’re going full shitcoinery publicly might be the strategy. I can’t remember who said this a while back in reference to Peter Thiel in cycles past but seems like a good rule of thumb:\n\nIf they are talking up an asset publicly they are trying to offload their position. \n\nIf they are talking down an asset publicly they are trying to build their position.",
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}