We have had 3 red Octobers in $BTC in 13 years. Same held true for Feb this year and we had a red month. Going to find out if Uptober is a real thing

What's amazing to me, if we think back 10 years, the war on crypto has been so persistent that the TradFi firms have done very little to compete with the crypto native firms, who will eventually win. They will win because they have a first mover advantage of a mile in a highly technical business that is built on network effects. There is no larger first mover advantage than blockchain. Look at $BTC, other than being the perfect asset by design, it was first. $ETH was first in the smart contract lane and give credit to $SOL for finding it's place as an L1. I remember when Blythe Masters left JPM after 27 years to go to a blockchain company. It's the first time I had heard about $BTC and blockchain. Given Masters created the credit default swap, it was pretty known blockchain tech was the future rails. So JPM has a choice then, start to build the onchain business in earnest or lead a war against the inevitable successor to the current system. Maybe they didn't really have a choice, but the ramifications now are clear - winner takes all. @coinbase and @brian_armstrong defended an entire industry for a decade, to the point everyone on here making money would be doing something else if it wasn't for their effort and decision making, and most importantly their ability to win. $HOOD gets priced like a high growth company with their multiple. RH is a TradFi firm that's marketed the company well and has been defended by news networks and analysts, but if the growth revenue is onchain revenue then that's a problem. RH is a TradFI firm and Tenev is a good CEO, but RH has been onchain on a rented L2 for a month or so. $COIN is the original onchain company that has executed in a very operationally difficult space for over a decade with an L2 that has been grinding for years. Make your own assessment, but if the future is onchain and tokenization, in a space where first mover and network effects are almost essential, how does RH get the high growth multiple and CB get the exchange multiple? Because of the war by TradFi on DeFi and blockchain. $COIN also has more $BTC in treasury than all but several companies. The assets on the balance sheet provide a natural hedge to dollar earnings. Everyone needs to wake up.

One of the issues with $COIN are the converts. It drives shorting, especially on moves higher as delta moves towards 1. Single digit millions of shares are shorted to hedge out those positions, and can be up to half or more of the short interest for the stock.

Place your bets