It isn't. The proof is clear. Even in the most brutal winter when all speculators have blown up with 90%+ losses, there are numerous and steady flow of confirmed transactions onchain. It's a zero storage cost, globally portable and censorship resistant store of value. Morally and philosophically you may not agree that people should ever use non traditional payment channels or be evading capital controls. But the demand will always exist. Especially as the world becomes more authoritarian, geopolitical uncertainty exists and governments keep printing money. Same with shiny rocks. The demand way outstrips industrial use. The price would be a fraction if that's the only use of it.

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IBIT having more flow YTD than QQQ is insane. https://preview.redd.it/glps9d3z6e8g1.png?width=508&format=png&auto=webp&s=5f6f1777a69c50a99828544bc7f9d322be7844e0

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Check out the yoy cash flow from 2022-present. Report back?

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I saw your order on order flow

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Ahh, so they don’t have a flow that batches regularly to your downstream benefit providers.

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I'm not a doctor, but thinking about getting into behavioral health for bears depression. Constant flow of income.

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This was **triple witching** noise (it happens four times a year ). Stock options, index options, and futures all expiring at once force dealers to unwind hedges into the close. **META** got hit by mechanical selling, while other tech names moved the opposite way for the same reason. It’s flow, not fundamentals.

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The GPUs break even at around 2.5 years, everything after that is pure cash flow. There’s an actual business model here, this isn’t hopium like quantum stocks.

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