Bitcoin is overpricing builder priorities

Risk is easiest to ignore precisely when it is most expensive.

Builders and treasuries should track Bitcoin even when social feeds obsess over layer-2 networks.

Put beside current chatter on “BitMine Reports 6.06M ETH Holdings, With More Than 5.22M Staked,” the incentive problem looks clearer.

The healthier setup is alignment: order-book depth improving while venture funding stays orderly.

A clean chart can hide a crowded trade.

Risk is easiest to ignore precisely when it is most expensive.

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