If you think this is the end, you've never understood Bitcoin

We're down ~50% from the October high and my feed is nothing but FUD, so let's take a step back and put things back into perspective.

Bitcoin is not going to zero. Why? Because as long as anyone in the world values it, they'll trade something for it. What sold for pennies 16 years ago is sitting at $60k today — after getting cut in half. Name another asset that drops 50% and is still up that much over its life. I'll wait.

This is what Bitcoin does. It doesn't go up in a straight line, it goes up in violent, gut-wrenching steps with brutal drawdowns in between. Every single one of these dips has felt like the end. None of them were. If a 50% haircut shakes you out, you were never going to make it anyway.

And here's the part the haters never want to deal with: not only is Bitcoin not going to zero, it's going to infinity. Why? Because the currency it's priced in is being printed to infinity. Bitcoin's monetary inflation steadily drops every 4 years on a fixed schedule, marching toward a hard cap of 21 million. Fiat does the exact opposite. That's the core design flaw of fiat — there's always an incentive to inflate, and eventually it snowballs. The result is that every real asset gets more "valuable" relative to the currency it's measured in. It's exactly what's been happening in real estate and the stock market for years.

So no, the short-term price isn't the story. Plenty of factors drive the day-to-day chaos, and right now they're driving it down. That's noise. The fundamentals are simple: an asset getting scarcer, demand growing over time, priced in a currency being debased. Over a long enough timeline, there's only one direction that math points.

Zoom out.