Collected source record

Stocks take the stairs up and the elevator down, but Bitcoin does the opposite. Bloomberg's Eric Balchunas, quoting American HODL, says that's what being a true Bitcoiner feels…

Scott Melker
Published: 2026-11-13 16:04 UTC
Collected: 2026-11-13 19:21 UTC
Original language: Not supplied by source

Original source excerpt

Stocks take the stairs up and the elevator down, but Bitcoin does the opposite. Bloomberg's Eric Balchunas, quoting American HODL, says that's what being a true Bitcoiner feels like: 11 days of eupho…

Stocks take the stairs up and the elevator down, but Bitcoin does the opposite. Bloomberg's Eric Balchunas, quoting American HODL, says that's what being a true Bitcoiner feels like: 11 days of euphoria a year, pain the rest "Bitcoin is like one of those things that, it's almost like it takes the elevator up and the stairs down, which is the opposite of stocks. They take the stairs up and the elevator down." "In that book I just wrote, I've never met this guy, but American HODL was on a podcast, and he said so many interesting things that I thought captured the spirit of the Bitcoin believer." "One of the quotes I pulled from that podcast was something like, being a true Bitcoin person is like experiencing 11 days of euphoria a year, and then every other minute you're in pain."

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Scott Melker · Published 2026-11-13 22:23 UTC

Weekly Wreckoning in 8 minutes: 0:00 Coinbase gets full US trust charter 0:56 Securitize buys RiverOne, launches $50M buyback 1:22 US CPI rises 0.4%, OKX sets tokenized stock…

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