I never accepted the notion of diminishing log returns. That “theory” only came about by technicians overzealous about some minor indicator. You know the types. They only use bollinger bands or moving averages or parabolic SAR. They think inside a tiny box, and although often wrong, they somehow push on in their delirium.
These guys must going crazy right now as the stock-to-flow model proves these guys wrong. What are they going to do as we watch BTC go parabolic and 10X in 2025? You will never hear from them again.
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