Read_912 - Bitcoin's Silent IPO

"They’re passing the torch. And the torch is being
received by entities who care less about ideology and more about
returns. BlackRock doesn’t care about “being your own bank.” They
care about portfolio diversification and risk-adjusted
returns.


Is that a loss? In some ways, yes. Bitcoin will probably
never again have the radical energy it had in its early years.
The days of 100x returns in a single year are likely over. The
volatility that created life-changing wealth will moderate as
ownership becomes more distributed.


But it’s also a victory. Because Bitcoin survived long
enough to become boring. It succeeded so thoroughly that the
original believers can actually cash out. It proved itself to the
point where the most conservative financial institutions in the
world are buying it."
~ Jordi Visser


Everyone’s frustrated that Bitcoin’s not pumping. But what if
this stagnation isn’t failure — it’s distribution? I break down
why the OG whales are finally taking profits, what that means for
institutional adoption, and how Bitcoin’s growing stability could
mark the start of its next great era.


Check out the original article Bitcoin’s Silent IPO by Jordi
Visser on Substack (Link:
https://visserlabs.substack.com/p/bitcoins-silent-ipo-why-this-consolidation)


Links & References


Jordi Visser on X (Link: https://x.com/jvisserlabs)

Checkmate on X (Link: https://x.com/_Checkmatey_)

Explore the data Checkmatey shared on Bitcoin holder waves
and distribution trends
(Link: https://x.com/_Checkmatey_/status/1984723754057113776)



Check out our awesome sponsors!


Ledn: Need fiat but don’t want to sell your Bitcoin? Ledn
offers secure, Bitcoin-backed loans with no credit checks,
flexible repayment, and fast turnaround—often within 24 hours.
With $10B+ in loans across 100+ countries and transparent Proof
of Reserves, Ledn is a trusted option for unlocking liquidity
without giving up your Bitcoin. (Link:
https://learn.ledn.io/audible)

HRF: The Human Rights Foundation is a nonpartisan, nonprofit
organization that promotes and protects human rights globally,
with a focus on closed societies. Subscribe to HRF's Financial
Freedom Newsletter today. (Link:
https://mailchi.mp/hrf.org/financial-freedom-newsletter)

OFF: The Oslo Freedom Forum is a global human rights event by
the Human Rights Foundation (HRF), uniting voices from activism,
journalism, tech, and beyond. Through powerful stories and
collaboration, OFF advances freedom and human potential
worldwide. Join us next June. (Link:
https://oslofreedomforum.com/)

Pubky: Pubky is building the next web, a decentralized
system designed to put control back in your hands. Escape
censorship, algorithmic manipulation, and walled gardens by
owning your identity and data. Explore the Pubky web and become
the algorithm today. Don't forget to find me on my Pubky ID here:
pk:5d7thwzkxx5mz6gk1f19wfyykr6nrwzaxri3io7ahejg1z74qngo. (Link:
https://pubky.org)

Chroma: Chroma is dedicated to advancing human performance
and well-being through cutting-edge light therapy devices and
performance eyewear. Their mission is to enhance physical and
mental health, unlocking peak human health, cognitive function,
a...