Bitcoin OGs ‘faith shaken’ comment stirs heated debate in community
Main Idea
The article discusses a heated debate within the Bitcoin community regarding the motivations and implications of selling Bitcoin, with differing opinions on its revolutionary nature and adoption.
Key Points
1. Scott Melker (The Wolf of All Street) suggests there are many reasons to sell Bitcoin, including its co-option by entities it was meant to hedge against.
2. Mike Alfred of Alpine Fox disagrees with Melker, stating that personal decisions about Bitcoin are individual and unrelated to long-term investment returns.
3. Willy Woo, an early Bitcoin adopter, mentioned selling most of his Bitcoin, while Dave Weisberger highlighted the importance of widespread adoption and distribution.
4. An analyst, Crypto Mags, argues Bitcoin is for everyone, including adversaries like governments and Wall Street, emphasizing its revolutionary nature as global money backed by logic and community.
5. The article references a recent large Bitcoin sale (80,000 BTC) by an early investor through Galaxy Digital, one of the largest transactions in crypto history.
Description
A crypto analyst disagreed with the statement, saying, “Everyone dies. At some point, investment returns become irrelevant.”
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