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This is the 500th issue of The Wolf Den Newsletter.
Every time I write this letter, I imagine a private dialogue between myself and each reader. We are seated, somewhere relaxed, having a conversation about crypto, no different than the ones that I have with friends and family on a day-to-day basis.
Actually, that’s not true - our conversation is far more pleasant because you are already heading down the rabbit hole, and many of my friends still refuse to buy Bitcoin and think that I am absolutely nuts.
But I digress.
My direction in writing each newsletter stems from a question I imagine you asking or a point that I feel is worth sharing. We are having a good time.
Some days, when the inspiration is really flowing, the scene changes. It’s no longer just the two of us, but rather a crowd has formed. I’m talking a little louder with a little more passion. My ramblings about FUD or forgotten stop losses draw in more listeners, further fueling my efforts. The depths of the bear market tend to draw an audience, especially when you remain calm and measured in the face of mass panic and stress.
Today is not like either of the days described, or any day before. Today is different.
Today feels biblical. Not because it is the 500th newsletter, but because I am writing it at a time when crypto is arguably at its most important crossroads yet.
The scene has changed.
Don’t look down. We are standing atop a wooden bridge, slowly crossing to the other side. Some of the planks are missing, and the wind is picking up. There are probably crocodiles in the water. Maybe some sharks for good measure. It’s uncomfortable at best, terrifying at worse.
We are finally crossing the chasm.
What does that mean?
We are making the transition from early believers and innovators to the beginning stages of mainstream adoption. Every technology reaches this pivotal moment, one that is amplified by the fact that we are dealing with money and that this superior form threatens almost every existing system.
Nobody expected this to be easy.
“First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.” - Nicholas Klein
The path we are on and the bridge we are crossing seems familiar. Those that have been here before will recognize the scent of fear, uncertainty, doubt, criticism, and condemnation. The first time we crossed a similar bridge, nobody was paying attention. The second time they pointed and laughed.
This is the time when they attack us and is the reason that crossing this particular bridge is so precarious.
The threats are organized and coming from the highest levels of government and society. They can no longer ignore us. They have to fight or risk the death of their entire system.
This is the essence of cataclysmic change.
When the smoke clears, we will be standing on the other side, but it won’t be without casualties. There will never be a reason to cross this bridge again.
The monuments come next.
How far we have left to walk is impossible to guess. I have no idea how far this bridge stretches. But I do know that we are here, on the cusp of major change. Few believe it can happen. Many believe that we have already seen the death of Bitcoin. We have suffered wounds both external and internal.
These are the times that we live for, and the moment when we need to push the hardest.
Thanks so much for taking this journey with me. I wouldn’t be here if it wasn’t for all of you walking alongside me, reaching the very spot where your path crosses mine and crypto finally crosses this chasm. It’s epic and perfect.
Seriously, thank you.
As I mentioned last week, to celebrate this occasion, I have decided to give 10 random subscribers $500 each. We will choose 2 random emails each day and message you directly from email@example.com. Every subscriber, new or old is eligible and I will be giving away crypto through Friday.
In This Issue:
- Crossing The Chasm
- Bitcoin Thoughts And Analysis
- Altcoin Charts
- Legacy Markets
- RSI And Divergences 101
- Twitter Takeover In Limbo
- A Dissenting Opinion On Celsius
- UK To Legalize Fully-Backed Stablecoins
- 44 Countries Meeting In El Salvador To Discuss Bitcoin
- My Recommended Platforms And Tools