In the ever-volatile world of cryptocurrency, where fortunes can flip overnight, a recent post from X user @neso captures the current mood perfectly. Posted on November 25, 2025, the tweet highlights how the crypto community is grappling with more fear, uncertainty, and doubt—commonly known as FUD—at Bitcoin's $85,000 price point than when it was languishing around $15,000. For those new to the term, FUD refers to the spread of negative information that can shake investor confidence, often leading to market dips.

The post, written in Chinese, translates to something like this: "Due to the decline in wealth effects this cycle, price consensus is receding, and the crypto circle has entered a valley of faith. There's more FUD about BTC at 85k than at 15k: MSTR collapse theory, US stock bubble collapse theory, quantum computing breakthrough theory, privacy narrative bankruptcy theory. All sorts of things, astonishing. This indicates we're in a phase of faith handover. From another angle, these FUDs will screen out new believers in decentralized value storage."

It's a sharp observation. Back when Bitcoin was at rock bottom, the die-hard holders—often called diamond hands—stuck around because their belief in the tech was unshakeable. Now, with prices soaring, every little rumor seems amplified. Let's break down those FUD theories mentioned:

• MSTR Collapse Theory: This revolves around MicroStrategy (MSTR), a company that's gone all-in on Bitcoin as a treasury asset. If their strategy backfires, some fear it could trigger a broader sell-off.

• US Stock Bubble Collapse Theory: With Bitcoin increasingly correlated to traditional markets, a pop in the stock market bubble could drag crypto down with it.

• Quantum Computing Breakthrough Theory: Quantum computers could, in theory, crack Bitcoin's encryption one day, rendering the network vulnerable—though experts say we're years away from that reality.

• Privacy Narrative Bankruptcy Theory: As regulations tighten, the idea that Bitcoin offers true privacy is under scrutiny, potentially eroding its appeal as a censorship-resistant asset.

Accompanying the text is a classic Pepe the Frog meme, sipping a drink while holding a "HODL" button, defiantly stating "I'm Not FUCKING Selling." Pepe, of course, isn't just a meme—it's the face of the $PEPE token, one of the most iconic meme coins in the space. This image perfectly embodies the HODL mentality: hold on for dear life, no matter the noise.

What @neso is pointing out is a "faith handover" phase. The old guard of believers, hardened by past bear markets, might be cashing out or stepping back, while new entrants are tested by these FUD waves. In the meme token world, this is especially relevant. Meme coins like $PEPE thrive on community sentiment and viral hype, but they're also the first to feel the sting of doubt. When Bitcoin sneezes, meme tokens catch a cold.

For blockchain practitioners, this is a reminder to focus on fundamentals. Decentralized value storage—Bitcoin's core promise—remains strong despite the chatter. Tools like CoinMarketCap or DexScreener can help track real-time sentiment, but ultimately, it's about understanding the tech behind the tokens.

As we navigate this cycle, expect more FUD, but also more opportunities for those who see through it. If you're into meme tokens, keep an eye on communities like $PEPE's— they're often the canaries in the coal mine for broader market shifts. Stay informed, stay diamond-handed, and remember: in crypto, faith isn't blind; it's battle-tested.