Bitcoiners are not just “in a bad mood.”
The more interesting story is that different parts of the Bitcoin ecosystem are reacting to the same market in completely different ways.
Bitcoin Capitalists still sound highly convicted.
Bitcoin Fundamentalists are showing more frustration and lower conviction.
Bitcoin Technologists look steadier, more grateful, and are more focused on building through the noise.
Today I recorded a companion video to The Fracturing Ideologies of Bitcoin where I go deep into how these different groups are defined and the mood changes between them.
If you want to see any of these charts in more detail, or read more about my extended thoughts, I’d highly recommend that piece.
The Fracturing Ideologies of Bitcoin
The simplistic take is that Bitcoiners are in a bad mood right now.
