The Difficult Adjustment

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Well, here we are. Block 800,000. None of us reading this will ever see another Bitcoin block height starting with a 7. We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself.

Welcome to the big leagues. Bitcoin is being recognized as the most powerful brand in the world, and everyone wants a piece of that sweet, orange action. The…

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