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riddle245
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It is quite something that in the past year and a half,
Bitcoin
has had 40 billion in net inflows from ETFs and about 25B from Saylor.
#BTC
#ETF
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+0.60%
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riddle245
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So people came up with REV since user accounts and TVL can be botted and it’s how much a protocol makes now? Yes. But not future REV as txn fees come down and MEV improves so what really matters is volume for REV? Yes. And how do you gauge volume? TVL and user accounts
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Purely based on the sentiment on the TL, feel like we are finally converted .eth maxis, boomers and altcoin enthusiasts back to the Church of Bitcoin
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Everyone always makes memes about how much Saylor owns when the more interesting question is besides the USG how much sovereign ownership of BTC exists. Wonder how much China, NK or Russia has stockpiled esp with the role of sanctions.
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Reflecting back, I think one of the hard parts for me this cycle was initially started off with narratives like AI like Tao, restaking (Pendle), DeFi in Solana but then memes dominated which have no tangible value so as a result could rocket or bleed. Technicals, mindshare and KOLs mattered a lot more. As a result people either played that game or stuck to majors
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Just opening the feed, I know BTC Dom is having a field day
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