Bitcoin’s (BTC) price went to as high as $42,404 on December 4, breaking the $40,000 psychological resistance. This happens in a bullish year for the leading cryptocurrency, up more than 150% in 2023.
“If bitcoin is to go anywhere, it needs advocates who care for more than their own net worth.”— General Robert Spalding
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According to General Spalding, just the “quiet ones” are building companies and peer-to-peer communities to spread adoption. This was agreed upon in response to a comment by LP Capital Chi, who highlighted that “there are many, many [advocates]” doing that.
Interestingly, the message to Bitcoin advocates is to focus less on the price of BTC and more on what it can do as a tool. The thread got support from the Samourai Wallet official account, a Bitcoin wallet focused on privacy.
General Spalding and Bitcoin
This is not the first time General Spalding has something to say about Bitcoin. On December 3, the retired U.S. military officer explained Bitcoin is not a “Ponzi scheme” due to the lack of a central actor.
Notably, the account using the handle @robert_spalding rose controversy a few days before with a comment on Bitcoin’s scarcity, which the BTC advocate Lyn Alden considered “bait” while commenting about its divisibility.
In particular, the account has existed since 2008, and Jordan Harbinger identified it as belonging to Robert Spalding in his show. The General is well-known for his work on U.S.-China relations, economics, national security, and the Asia-Pacific military balance.