What happens when you hold an inflated ball underwater and let it go?
The eventual result is preprogrammed.
Good morning, afternoon, & evening to you all. Welcome back to the most random newsletter on the internet. Got 2 mins? Let’s dive in.
I only have one topic for this week. It’s bitcoin.
Don’t miss this train, you can still get on and enjoy the ride. There will be a chance to get off later this year in profit. Or you can hold it for 10 years and be glad you jumped on. I don’t recommend a major investment if this is your first time in crypto, but consider it a trip to vegas worth of money to throw in it…
If you have 10 minutes watch this quick video as well, I think it’s helpful to understand why bitcoin is a bubble that I feel will not be popped.
It was just 4 short months ago that many felt it was all over. I got tweets from multiple people asking me if they should sell and cut their losses… I hope you stuck through it, added to your positions, and are enjoying the returns. This run-up can last months, and that is my BASE CASE.
All else being equal if you don’t know the markets, the tokens, and are tight on time, just be in bitcoin at the moment, don’t try to get cute. If you want to be in alts, just let them ride, they will have their time to shine in the coming months as well.
And lastly, just a quick reminder, will you miss $1k invested into bitcoin that may (with very little likelihood) go to 0. Or appreciate a 20 - 100x when it’s time to retire more?
Same time next week?
You’ve made it this far on my word vomit newsletter? I appreciate you! I’ll be back next week with the next edition of the most random newsletter on the internet.
If you like the content, share it with someone else you think might enjoy it and if you haven’t subscribed yet, would really appreciate that as well!
Much love to you all,
~Adam