WORLDTECHBitcoin.org Maintainer Cobra Says Bitcoiners Are Demoralized After Bear Market
Cobra, the pseudonymous owner and maintainer of the bitcoin.org domain, says he has never seen bitcoin holders this demoralized, according to a report by Bitcoin.com News.
Cobra's assessment of holder sentiment
Cobra told Bitcoin.com News that he has never seen bitcoiners as demoralized as they are now. He attributed the mood to the recent bear market, which he called brutal.
The account comes from a single outlet and rests on Cobra's own assessment of the community's mood.
Tailwinds weighed against present risk
Cobra pointed to several tailwinds for bitcoin's future, but he also stressed that owning bitcoin is extremely risky right now. His remarks combine a long-term optimism with a sharp warning about the current period.
The facts reported do not detail which tailwinds Cobra had in mind or how he weighs them against the risk.
Open questions
- Which tailwinds for bitcoin does Cobra have in mind?
- Is the demoralization he describes reflected in independent measures of holder behaviour?