Investment Strategies and Bitcoin Insights

The lesson I learned was, if you believe in something, don't try to time the market.

Just buy as much as you can and wait, because the market will disagree with you, maybe for

a year, maybe for two years, maybe for three years, and they'll outrun your options.

But I didn't think I was going to be wrong over a decade.

I'll tell you one other funny story.

I bought 500,000 shares of Facebook at $12 a share back, I don't know, 2012, okay?

And I think it was an employee that sold it to me.

Now, the biggest investment mistake I made of my entire life was selling that, any amount

of it, at an obscene profit, like obscene profit.

And I look back and I'm like, the stupidest thing I did is I should have bought more,

but I should have never sold it.

And why do I like Bitcoin today?

Well, we're 10 years late on Facebook, Apple, Amazon, and Google, at the point that like

20-something people look at me and they tell me how great an investment, when my niece

told me she was buying Apple stock in the year 2020, I was like, okay.

Ahead of the split.

Well, I'm not, you know, they figured it out.

After the split, she's buying, and after Warren Buffett bought it, after the octogenarian

bought it, my niece is buying it after the lockdowns.

I'm like, okay, I think I missed that boat.

I like monetary, I like software networks that are worth more than a hundred billion

dollars that are 50x bigger than their competitor, that are going to eat the world, that 99%

of the world doesn't agree with me on.

So, in fact, I like the fact that people don't understand it, don't agree with it, are afraid

of it, because I couldn't afford to buy it if they all agreed with me.

And we're, I believe we're at that inflection point for Bitcoin, where it's like, it's

It's big enough to be unstoppable, but it's still new enough that there are 10,000 billionaires

or billion-dollar entities, and maybe five of them get it.

Maybe 10 of them out of 10,000 get it.

And so the catalysts are all to the upside, and most of these risks, they've been worked

out over the last decade.

You could make a list of 100 things that might go wrong.

We've watched them all happen.

And they haven't killed it, and we're just sitting right at the cusp of something really

fabulous here.