"Stress-test your thesis against everything that has happened James lists more than a dozen severe macro shocks that hit within six months — government shutdowns, tariff whipsaws, AI job displacement, quantum threats, Middle East conflict, private credit uncertainty — and notes that Bitcoin still held above $74,000 through all of it. His method: 'If you had told me all of those things without telling me what the Bitcoin price would have done, I might have guessed down more than 50%.' Actively listing every negative catalyst against an asset's actual price behavior is a disciplined way to test whether your bearish or bullish thesis is already priced in. Source: James Van Stratten, The Bitcoin Layer, Bitcoin Markets Analysis"