Bitcoin's Harsh Reality - Why Narratives Fail

The harsh reality that I think it's difficult for people to accept is every single one of those narratives was just as relevant 5 months ago as it is today and that it still did not stop Bitcoin from dropping 50%. Right. You could have said, "Oh, but the institutions, but the ETFs, you could have said all of that back in October and Bitcoin still topped out and Bitcoin still dropped 50%." So narratives are easy to come by and a lot of people flip-flop.Like it's okay to pivot, but if you flip-flop every week ...