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Why Being Comfortable With Uncomfortable Ideas Will Pay Off in 2025
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Why Being Comfortable With Uncomfortable Ideas Will Pay Off in 2025
Back in 2021, I stirred a major controversy that shook up the financial newsletter industry.
If you’re not familiar with the newsletter industry, it’s full of men and women who have diverse views on the markets.
Some specialize in trading options and futures… Others invest in stocks and bonds… And a smaller cadre focuses on commodities and real estate.
I’ve been in the newsletter business for nearly two decades now. And whether they’re short-term technical traders or long-term fundamental investors… There's only one asset I’ve seen unite this diverse crowd of financial thinkers: Gold.
Regardless of their background or specialty, nearly every one of my colleagues shares the belief that gold is the best protector of wealth against the corrosive effects of inflation.
For years, I counted myself among this group. I’ve even made several gold recommendations to my subscribers over the years.
For instance, at the start of the pandemic in 2020, I urged my readers to up their allocations to gold to shield their wealth from the inflation I saw coming.
But a year later, my research led me to an incredible revelation. And it generated controversy among my readers and colleagues.
On March 22, 2021, I officially recommended my readers sell most of their gold and reallocate it to what I called “digital gold” – bitcoin.
Here’s what I told them:
I no longer expect gold to adequately protect your wealth against the money-printing happening right now. I believe bitcoin and other cryptocurrencies are doing a better job – and will continue to.
More than that, I believe they’ll benefit from a surge in new demand as the rest of the world wakes up to the same realization.
You can’t begin to imagine the pushback I got when I reduced the gold position in our asset allocation model from 10% to 1% while raising our bitcoin position from 1% to 10%.
People said I was reckless. Some even accused me of putting my subscribers’ retirement savings at risk. But I stuck to the research. And time has vindicated my decision…
Since March 2021, bitcoin is up 2,414% and gold is up 58%.
To put that in terms of cold hard cash, if you’d followed my recommendation and reallocated $10,000 to bitcoin, it would be worth $251,425. Meanwhile, the same $10,000 in gold would be worth just $15,784.
Friends, I’m not telling you this story to brag. Rather, I want to show you why you need to think outside of the box if you want to achieve financial freedom this year.
Many of my subscribers are hardcore gold bugs. So the idea of reallocating from gold to bitcoin sounded blasphemous to them.
Despite my research making a compelling case that bitcoin would outperform gold, I had to drag them kicking and screaming out of the proverbial “gold box.”
But those who put their faith in my research and followed my recommendations were richly rewarded.
I get it. Bucking conventional wisdom isn’t comfortable.
But if you want to make life-changing gains in the markets in weeks or months instead of years or decades… You have to learn to get comfortable with uncomfortable ideas.
Because by the time the mainstream is comfortable with what was once uncomfortable, the opportunity to make 10x, 100x, or 1,000x gains from it is long gone.
Wall Street Is Now Comfortable Allocating to Bitcoin