3 key messages you’ll continue to see from me: 1) None of these LBEs matter much for Bitcoin and Bitcoiners unless they achieve institutional scale (billions of dollars of inflows) 2) 99% of people on here should not trade. You’re up against professional traders. (Been banging that drum since 2019.) 3) If you choose to invest in Bitcoin-related companies (startups, LBEs) or instruments, make sure at least 80% of your Bitcoin-related portfolio remains in 1x long real BTC, ideally in self-custody or collaborative custody