Bitcoin: Battle Between HODLers And DCFers

SummaryThose that HODL primarily view Bitcoin as the best store of value available in the investing world. Secondarily, there are those that see the Lighting Network as a significant future.Institutional investors use the DCF model to project future cash flow, treating Bitcoin in the same way as high-growth stocks.Early adopters have dictated the price of Bitcoin in the past, while more recently, institutional investors have determined the price, selling when it was clear the Federal Reserve was going.Whoever wins this battle will determine whether or not Bitcoin will be considered similar to a high-growth stock, or a distinct asset class that is, for the most part, decoupled from other asset classes.There have been some significant changes over the years in regard to Bitcoin (BTC-USD), with the early adopters primarily considering it to be a store of value, and those later to the game have been treating it the same as a high-growth stock in relationship to how to trade it.In the early years it was primarily retail investors taking positions in Bitcoin, while in recent years it has been institutional investors and high net worth individuals taking big positions in the flagship cryptocurrency.For years the price movement of Bitcoin decoupled from other asset classes, as HODLers refused to sell because of their belief the price of Bitcoin, over time, was going to explode into the high 6-figures, and possibly to 7-figures.In this...