Mark Helfman

After 7 years writing about crypto, I'm stepping away. To paraphrase @lex_node, we've lost our way. Crypto traded rebellion for regulation and got the worst bull market ever. My farewell—and what comes next:

@IndiaTales7 That decision turned out great for Japan.

Trump to Japanese reporter asking why no heads-up on Iran strike: “Why didn’t you tell me about Pearl Harbor?” 💀🔥 Savage. Iconic. Room went silent. Peak Trump timing 😂🇺🇸

@JJcycles my feed is full of bull posts / bottom’s in. What is the algo feeding you?

Climbing the wall of worry while CT left or calling the end of the world. Meanwhile, Coinbase premium over nance (indicating ETF bid) is turning green again. Combined with a technical retest of previous cycle ATH As well as US ISM finally going above 50 Moonboots on #Bitcoin

@AdamBLiv @GordonBuckley3 This is not the kind of adoption that helps you or me. Good for Wall Street, big banks, and politicians, though. They get to capture crypto for their own benefit. Let’s hope some of that trickles down to us.

Pro Bitcoin President Pro Bitcoin Treasury Secretary Pro Bitcoin Commerce Secretary Pro Bitcoin Fed Chair Pro Bitcoin SEC Chair Pro Bitcoin CFTC Chair CLARITY Act Strategic Bitcoin Reserve State Bitcoin Reserves Record level institutional accumulation IBIT = most successful ETF launch EVER Banks can now custody Bitcoin legally Stablecoin rails going mainstream Digital credit revolutionizing fixed income President’s sons own Bitcoin company And y’all are bearish?

@i_am_jackis @PeterSchiff Overleveraged miners and treasury companies

@PeterSchiff I kinda do agree here with Peter that if BTC breaks 50K, it likely goes to 20K... The question is if it breaks it? Now that everyone wants it?

If Bitcoin breaks $50K, which looks likely, it seems highly likely it will at least test $20K. That would be an 84% drop from its ATH. I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake. Sell Bitcoin now!

@Fiskantes That value was wiped out once Wall Street and politicians arrived. It just took a while for prices to realize.

Plasma guys were right Trillions were destroyed

Get your coins off exchanges and take self-custody. Stop letting Wall Street and treasury companies play you for fools—keep your coins away from them. Put your money into protocols, not politicians. Otherwise, none of this matters.

@TheRealPlanC Can you run the same poll again on a big green candle day? See if the ratio changes. Sometimes the price expectations are simply a reaction to a moment—when the moment changes, so do the poll results. You know this, but others may not.

When everyone in the market thinks something, it generally doesn't happen. 82% of you MFers think we're dropping below $80,000.

@xSlaymo @ApexTradeFund Apex

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@TooLegitCrypto @lex_node Thanks, Sean! You were a big help in getting my name out there.

@MarkHelfman @lex_node Appreciate all you've given over the years to educate those in the space. There really aren't many rational perspective and educators left.

After 7 years writing about crypto, I'm stepping away. To paraphrase @lex_node, we've lost our way. Crypto traded rebellion for regulation and got the worst bull market ever. My farewell—and what comes next:

@CryptoKongX @lex_node You can reevaluate on the next rally…

@MarkHelfman @lex_node Good to hear you got out. Mine is down to a peanut.

@CryptoKongX @lex_node Thanks for following me for so long! I have some BTC and select altcoins, from long ago. I sold almost all of my crypto earlier this year. Did you?

@MarkHelfman @lex_node Sad to hear this. Have been following you since 2019. This market has unfortunately become the heaven for grifters and gamblers and I have honestly lost the hope totally. I just wonder do you still hold any crypto?

If you’ve ever read my work, subscribed to my newsletters, or argued with me in the comments—thank you. This isn’t goodbye to crypto. Just goodbye to the version of it we’re stuck with today.

To be clear, I’m not stepping back because I hate crypto. I still believe in what it can be once we get back our core principles.