$SQUIDGROW
Sudden SpikeSnapshot Window: 2026-07-08 22:10 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 2, Retweets: 7, Likes: 25, Impressions: 530
Verbatim Community Citations & Social Evidence 1 source posts analyzed
If there is reduced to no demand on financial institutions for Bitcoin and the speculative drive dies down, does Bitcoin survive? [Spoken audio]: Hey guys, good question. That was posted on This is a YouTube and it was on one of our shorts today and it was there's no demand outside of financial Institution is that enough is that enough to keep BTC relevant and what is relevance with it was it ever relevant from Bitcoin and my response to that question. So they're just saying if there's no demand on the financial services side then what's the point of Bitcoin and I What I put there was speculation alone doesn't hold the price at its current price right now. The reality is the rails of Bitcoin provide a limited resistance between countries and will forever fill that option. So if you're a person in whatever country, it doesn't matter, Bitcoin's equal. Like if you have capital and you've converted to Bitcoin, you hold onto it, you transfer for it, your resistance to move it between borders is very seamless. And there's a lot of different scenarios that have played out where this has been a big benefit. It's an all alternative currency, right? And there's spot prices and buying on both sides on all these different countries. And that by itself will always carry Bitcoin, like regardless of what happens, it's a financial instrument. The speculation is on the scarcity of the supply, by and large, right? Like eventually, no matter how the speculation happens, is more and more that supply dries up on exchanges people hold will lock it into sovereign wealth funds, those type of things. Then there's a natural overarching movement, you know, that will move up clearly on that supply demand dynamic. So don't confuse the function of Bitcoin that's been running since 2009 without any oversight of government, without a single party, like there's no single point of failure, trustless interaction meaning you can come and go, you know, you like Bitcoin, you discover it one night, you start mining it, you know, you buy a miner, you start doing that, or you host a node, you build an application that leverages it, it's trustless and you You can download a piece of software and start running it and start interacting with Bitcoin. And the network effect, the other part that's not calculated, is the network effect of putting in miners and keeping the network moving in nodes, again, is individually incentivized. So if I build a farm and I'm part of it, I am incentivized by the token itself that happens to be worth money. And it's just a cost analysis to figure out like what's the cost, what's the cap X and op X to run it? Again, no permission. Now there's nuance to that, like if I'm putting it somewhere and it has to be zoned correctly and all that, obviously. But again, I could do that in any country and start mining it. I mean, there's certain countries that will try to block certain things, but there's ways to get around that with, you know, firewalls and proxies and Starlink and all those kind of things. So it's like the end of the day, it's a financial network, my guys. It's not, it doesn't care about your opinion. It's a form and function. And, you know, if anybody has ever speculated, or you know, challenging on Bitcoin's existence, just say, you know, it doesn't care, bro. You can come and go as you please. And there is gain, there's function for people that makes it very relevant for them. And then of course speculators always going to speculate my guys so it's not you know it's not a vaporware it's been functioning for years and it will continue to function for years and there's gonna be people building in it for years so that's my little thing today. See you guys.
