Why Bitcoin Is A Generational Opportunity
Since 2020, I've been evangelizing Bitcoin in this newsletter here and there.
I recently dug through our newsletter archives to get the count. It's been 17 times, give or take.
I shared how great an opportunity it was when we dropped from an all-time high of $69k to $6000. I did so on the run back up, and I'm doing so today at all-time new record highs.
It's fun when everything is climbing. It feels like "easy money."
But that's not the true point of Bitcoin.
Bitcoin is an absolutely scarce savings technology that the government cannot print away. That is the point of Bitcoin.
That is why it affords so many benefits now and in the future. It is the single most important thing you can own as a human in the 21st century.
Bitcoin allows you to take your wealth anywhere, regardless of capital controls in your country or jurisdiction. It protects you if the dollar or your local currency collapses (many do, and most are in progress).
It is also a long-term investment likely to outperform everything over the next 100 years. (There are only 21 million and billions of humans—do the math.)
If you study history or read books like The Forth Turning or The Sovereign Individual, you see how Bitcoin was a discovery humans would eventually stumble upon. I'm extremely fortunate we were alive at its inception.
No matter what I do in life, I suspect that the best thing I've done will be consistently buying Bitcoin since 2020.
(I've bought it every single day and still do. I use the Cash app and Swan to auto-buy.)
It's easy to see the number go up, hear all your friends talking about all the "money" they are making, and then buy some yourself. Of course, that's easy, and you feel smart. Part of how I got into this included some of that.
But then I learned. Easy money in is easy money out. Nature always corrects herself, as do markets.
Exponential results do not come from easy things. They come from doing hard things.
The true test is whether you are willing to buy regardless of price because you understand it. Are you willing to buy it at $6000 when it was $69 a few months prior? Few have this resolve. (If you set up an automatic DCA structure and leave it alone, you don't have to.)
Some who get this newsletter have bought BTC and are sitting on it. Hopefully, you didn't sell!
I encourage you to become curious about this fantastic technology if you haven't already done so. Watch some Michael Saylor interviews. Spend the time to understand what it is. Most people don't understand Bitcoin, and many actively misunderstand it. There's still a lot of education the world must undergo to reach a Bitcoin standard. We're making progress each day.
Bitcoin is for my kids and their kids. It will be a multigenerational asset that will protect my family for generations.
They say that everyone gets it at the price they deserve. I don't believe in FOMO for most things, but Bitcoin is undoubtedly an exception.