If You’re Chasing Gold, You’re Missing the Bigger Trade

No matter how many essays I write, videos I film, or questions I answer about bitcoin’s march toward mass adoption… Most folks still manage to find a new reason why bitcoin will fail.

Especially when the price action is weak like it is now. Since hitting an all-time high above $126,000 last month, bitcoin is now trading around $105,000… but has dipped as low as $99,000-and-change over the past week.

Instead of viewing weak prices as a buying opportunity, most folks view price weakness as “thesis” weakness.

In other words, they assume the bullish thesis for bitcoin must be in doubt when the price is weak. This delusion has been present for the entirety of bitcoin’s existence.

From the days when BTC traded for a fraction of a penny… then a fraction of a dollar… then a few dollars… then hundreds… then thousands… all the way to today with bitcoin above $100,000 per coin – this exact same delusion has repeated itself over and over.

Each time the price dipped, people declared the “mass adoption” thesis dead. And each time, bitcoin survived, adapted, and marched to new highs.

I’ve made tens of millions of dollars exploiting this same, repetitive cycle of doubt. I’ve been able to do that because I don’t confuse price weakness with thesis weakness.

Here’s the thing: The thesis for owning bitcoin is stronger today than at any point in its history.

The U.S. government has made peace with it… Wall Street has made peace with it… The Securities and Exchange Commission (SEC) has made peace with it… And the banking system has made peace with it.

That means price weakness is a gift – not a portent of doom.

How I’ve Made Millions Betting on Bitcoin