Bitcoin's Dead Cat Bounce: Is This the End of the Crypto Dream?
Okay, so Bitcoin's doing that thing again where it pretends it's not about to faceplant into oblivion. A little surge after a $600 billion nosedive? Please. That's not a rally; that's a dead cat bounce. Let's be real, folks.
They want us to swallow this narrative that 2025 was supposed to be Bitcoin's year of "legitimacy." Wall Street's supposedly on board, ETFs are letting normies gamble their 401ks on crypto, and Trump's suddenly a Bitcoin booster. But the "bitcoin price" keeps tanking. Give me a break.
"Wall Street has shown up." Oh, have they? Because I see a whole lot of disappearing money and evaporating conviction. It's like watching a bunch of toddlers playing with dynamite. Sure, it's fun for a minute, but someone's gonna lose a finger. Bitcoin Humbles Wall Street Faithful After $600 Billion Plunge
And "institutional cash"? Where's it gone? Sucked back into the vortex of bad decisions, apparently.
The article says, "In crypto, volatility is expected." That's the understatement of the century. It's like saying rain is expected in Seattle. This isn't volatility; this is a full-blown existential crisis for the "bitcoin usd."
Everyone's dusting off the old four-year halving cycle theory. The halving happened in April 2024, the peak in October 2025... So what? Does anyone actually believe this crap still works? It's like relying on astrology to pick stocks.
Matthew Hougan from Bitwise Asset Management thinks prices will go up next year. Well offcourse, he does. He's got a vested interest in keeping the hype train rolling. He says people are afraid of another 50% pullback. Smart people should be afraid.
He even admits the sentiment in retail crypto is terrible. "People are front-running that by stepping out of the market." Translation: The smart money's already out.
And what's with this "Trump's pro-crypto policies promised even more upside" line? Seriously? You're pinning your hopes on Trump? That's like trusting a used car salesman to give you an honest deal.
Speaking of which, the "bitcoin etf" hasn't saved anyone.
Oh, and let's not forget the latest genius idea: "Americans are heating their homes with bitcoin this winter."
I saw that.
So, the plan is to turn your house into a cryptocurrency mining farm to offset heating costs? That's not innovative; that's insane. Americans are heating their homes with bitcoin this winter
Jill Ford, CEO of Bitford Digital, says it's a "clever use of what would otherwise be wasted energy." No, Jill, it's a clever way to bankrupt yourself and set your house on fire.
Derek Mohr from the University of Rochester is right on the money: "The bitcoin heat devices I have seen appear to be simple space heaters that use your own electricity to heat the room ... which is not an efficient way to heat a house." Preach, Derek.
This whole thing is a scam to take advantage of people's ignorance.
Then again, maybe I'm the crazy one here. Maybe everyone else is seeing some genius innovation that I'm missing. But I doubt it.
The article mentions a company in Idaho using bitcoin mining to heat businesses. Okay, great. One town in Idaho. That's not a revolution; that's a novelty act.
Bitcoin's a house of cards built on hype and wishful thinking. The "bitcoin price today" is irrelevant. The whole crypto dream is crumbling, and it's about damn time. The "price of bitcoin" is going to zero, eventually. It's just a matter of when.
Chief: What Does It Even Mean Anymore?
2025-11-17
