The Conflabulation that is Bitcoin finally dies in a pool of disinterest.

Blain’s Morning Porridge Part 2 Feb 9th, 2026 – The Conflabulation that is Bitcoin finally dies in a pool of disinterest.“Rat Poison Squared”Well, it was interesting while it lasted. Bitcoin has given me plenty to write about these last 15 years. Up, down, up, down, and shake it all about. This tumble feels different. No one is trying to seriously defend it. The walls are down and Bitcoin may be about to vanish in a puff of logic… or will it? Once you have them, Cockroaches are extremely difficult to exterminate.It’s a special day indeed… 2 Morning Porridges. That’s unusual. I’ve been meaning to write about the collapsing Bitcoin conflabulation for days, but important stuff has been happening.History is littered with sudden collapses. Seemingly invulnerable fortresses suddenly fall to a gaggle of rag-tag guerillas, empires tumble overnight, and dictators are omnipotent one moment and dead in a ditch the next. It might be the same for Bitcoin. It feels like the wind has completely gone from its sails.“So apart from that Cathy, how’s your wallet?”Just over a year ago… it felt very different. November 4th, 2024, was a bad day for my personal wealth. Having faith in America, I’d convinced myself Kamela Harris could win the US presidency – despite her obvious limitations. I was in Washington, and went into the election with large, levered shorts on Tesla and Bitcoin, expecting both to tumble when Trump lost. I was wrong and both rallied spectacularly. My positions were both wiped out. Trump had promised us the future was Crypto and he would make it so…I knew the risk and shrugged. You win some, you lose some. But…. what goes around, comes around.This morning the world has already forgotten its shocked bewilderment that Trump posted Obama as a monkey on Truth-Social last week. Someone else will take the blame. There will be little in the way of a reckoning or punishment. He has turned insult and grift into an art form. And he cares little for crypto – made him rich but who cares? Last week we were reading about Abu Dhabi quietly buying 49% of Trump’s crypto venture, and we shrugged. Trump ain’t daft – he’s spread the risks of his efforts to cryptonise the US economy to his own personal benefit.Today, the world feels distinctly meh about BTC.  I feel a bit like a Canadian seal-clubber as I write about Bitcoin … these sad-eyed millennials and GenZs wondering why they aren’t rich… but Trump is? I almost feel sorry for them as I swing the club, telling them; “you’ve naebody to blame but yerself.” Thwack!