custody rails is overpricing retail participation

Better questions beat louder opinions when regimes shift.
For operators, process beats prediction when the tape is noisy.
That debate sits next to today’s market focus around “Tether Holds 150,000 Bitcoin, CEO Says.”
Revisit assumptions weekly; markets change faster than slogans.
Keeping a written thesis helps avoid narrative whiplash.
Markets rarely move for a single reason.
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