Before we had Pepe and Shib and all that stuff, we had a more unified meme. The meme was that finance is a joke. Doge went a step further and forced us to recognize that even our alternative solution was a joke.
It feels like sometimes we lose sight of this.
Bitcoin is our greatest store of value, but it sometimes is used in other ways. I believe that we should use it as a store of value whenever possible. This is why $Satfi was launched with wbtc on solana. Just as tokens pull in sol as their price goes up, $Satfi will pull in wbtc.
Unlike SOL, Bitcoin has a capped supply, so there is only so much available… much is locked away. Supply on Solana at the moment is fairly low. Approximately 3.3k WBTC are minted, and in LP across the chain… only 50 WBTC. Folks… that’s nothing.
We often see tokens hitting 1-100 mil. That exceeds the available wbtc in lp… if we can suck enough supply up, it will trigger arbitrage on other platforms and chains, which will cause a ripple effect of supply shock.
Granted, Bitcoin is a giant, and it’s not something that can just be easily swayed. We can give it a nudge though. A little squeeze. For fun.
Only smooth brains will understand.
Squeeze the orange.
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