The suit is here, and Bitcoiner is a new hype in the financial market.
This is most of the story of the year, reaching its epic peak at Bitcoin Asia 2025 Bitcoin Prices. Bitcoin is now collectively returning to traditional finance as the most unspeakable, unconfident vote of the permitted Fiat financial system.
Transformed into a suitcoiner, cypherpunks discovered the ultimate expression as Ston Corner.
The rebellious teenager repented of his sins. The Lost Son is back – in charming and greedy glory.
We, once guarded by the construction of a new and improved world, have become cheerleaders for regulated permits. The law of financial gravity was disrespectfully abandoned, but even the most solid and rebellious hackers have given up on most of their principles as Wall Street pays $2, $3, or $5 for a dollar of Bitcoin.
And in Hong Kong’s Bitcoin Asia, everything else was upside down. The crowds came out for political hotshots and financial engineers, not for independent or cypherpunk-y bitcoin stories. (The term “sycophants” comes to mind.)
The balance sheet is becoming P&L, with Alexandre Laizet, CEO of Europe’s largest finance company, on stage. He wasn’t just saying that the finance company is now a bank and will use the balance sheet to generate profits. He meant that what mattered to a Bitcoin finance company was the balance sheet itself. If you have a printable share in Bitcoin Percent, profits are not important.
“This is something you should do as a reasonable player in the market.”
Approximately 200 companies with Strategy and Metaplanet (Bitcoin Asia’s main sponsor) are vacuuming the capital market for cheap Fiat to plunge into Bitcoin, as the movement’s most vocal poster boys. Everyone is making records everywhere: audiences, audiences, attendees, sales. Anyone around Bitcoinland feels the endless factory floor of energy, buildings, transportation and buildings. It’s easier than ever to grasp Bitcoin.
…However, the price will go from the hyped $125,000 to $118,204 entry points for Nakamoto’s $679 million purchase, and at the time of the meeting, it will go from $111,000.
Thursday’s drone show could not have been more iconic about how everything was upside down, lit up the night in Hong Kong with fantastic Bitcoin graphics in the sky. Displaying a powerful 21-split sign that has no meaning at all, it was a direct version of Knut Svanholm’s 21 million claims of all the famous things:
All 20,000 of us attending will need emergency Bitcoin price therapy. A few days later, we see a bullish declaration on the Nakamoto stage disprovement and undermining it by the massive price charts behind it.
From the stage in Hong Kong’s Nakamoto, David Bailey was confidently celebrating and praised our great efforts and success as Bitcoiners. Meanwhile, the audience has constantly driven the sponsor Bitcoin prices downwards, with the massive salt behind him, eradicating uneven wealth with each downward thin wealth.
The dissonance would not have been great between the bullish words spoken on the stage, the impressive and plausible sounding gospels from the dozens of existence and the harsh reality of constantly difficult prices.
It’s pretty much like David Bailey et al. Discussing and pumping out their inventory of Bitcoin-earning vehicles will make our market worse and lower prices.
Maybe Mr. Bailey has a much bigger cologne than I do, or has far more European recklessness than what humanity has ever seen, but I’m just burning $60 million in investor money unless there’s nothing to show that, and I’m even more humble, poor and skeptical.
The price is in the pudding and it’s really not such a nice cake.
Again, in Hong Kong, 2025 is symbolic that snake year. And we take cypherpunpunks’ best achievements across the financed finance company, eating our own tails in the process.
We were surprised at how sacred things were once blasphemed at the latest stop on our Bitcoin Festival Tour here. Everything is upside down.
This is Joakim’s book that reports from a world that no longer makes sense.
Source: https://bitcoinmagazine.com/markets/bitcoin-asia-everything-upside-down-price
