Might this be the “Therapeutic Stage” referred to by Raoul Pal?
Bitcoin simply dipped underneath $80,000, and instantly everybody’s appearing just like the world is ending. The bull market is lifeless, crypto is a rip-off, and “possibly I ought to simply money out and transfer on.”
That is what occurs when folks have by no means been disciplined.
For months, Bitcoin holders have been like youngsters sneaking out previous curfew, pondering they’re untouchable, operating wild with leverage and overconfidence. And now, they’ve lastly been caught sneaking again in at dawn. And guess what? Dad is ready within the kitchen.
He’s not yelling. He’s not slamming doorways. However that quiet, disillusioned look? That’s worse.
This market correction is the self-discipline all of us wanted. A lesson in ache. As a result of Bitcoin doesn’t reward reckless habits — it punishes it. And that’s precisely why it can survive, whereas most of its holders gained’t.
Let’s be actual. All of us knew this was coming.
For months, folks have handled Bitcoin like a magic ATM. New ETFs, the halving, Trump’s return — all of it turned an excuse to behave like cash was infinite, like Bitcoin…