The David Lin Report · Tuesday, September 22, 2026
Jason Shapiro believes that Bitcoin has become a normal market where sentiment is driven by price, unlike in 2021 when bullish conviction was more consistent. He notes that current bullishness on Bitcoin emerges only when the price is rising, and disappears when it moves sideways, indicating a more emotionally tied investor base following the price.
“That's become a normal market, just like every other market. And people just get emotionally tied, one way or the other, based on price. Narrative follows price.”