Jack Mallers, founder of Strike and former CEO of Twenty One Capital, published an essay sharing lessons learned from Bitcoin’s bear market. He explains he is still in the storm, with BTC trading roughly 50% below its all-time high. Mallers emphasizes that unlike traditional finance, which protects actors through bailouts and refinancing, Bitcoin does not shield users from the consequences of poor decisions. He also admits to confusing attention with proof of work and vision with execution during previous bull cycles.
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