"Companies are the only entities in the world other than the U.S. government that can print money." When people talk about selling BTC or supply overhang from certain majors, it kind of makes me wonder where they are planning to allocate once they sell/how good the alternatives really are. For example: - You don't want to park your assets in USD (long term, the denominator is worthless) - Stocks are tricky because it's very hard to accurately pick and outperform the index (even if you are a great stock picker, doesn't mean you'll be able to have conviction through drawdowns or be able to allocate a meaningful % of your net worth like you could with BTC, which has outperformed 99% of stocks over the past 5 years) - Furthermore, like the quote mentions, companies (unlike BTC's fixed supply) can issue new shares, diluting shareholders as they see fit (S&P 500 actually net reducing ~1% per year from buybacks, but smaller caps and tech/growth companies average about 1-3% net dilution annually). So where exactly are you all planning to rotate to?