Felipe
@PhilCrypto77
RT
@AviFelman: I’ve been in the “industry” since I graduated college in 2017. I bought my first Bitcoin in 2013. I am the last person who wants to rail on Bitcoin. Unfortunately, I owe it to myself and to my followers to just be realistic about the future. I often get it wrong, but I try my best to think things through.. The base premise is the risk reward for it has radically changed. Anyone saying that it hasn’t is likely lying to you, or has an ulterior motive and is just trying to sell you something. When an asset grows to a multitrillion valuation, gets co-opted and integrated into the banking system, and also is mostly driven by a single name (Saylor) you should probably start to question whether it offers you the same risk adjusted returns as it did in the past. Questioning your priors is a key part of being an investor. When you have the world genuinely developing technologies that are going to radically reshape our future, perhaps Bitco
@AviFelman: I’ve been in the “industry” since I graduated college in 2017. I bought my first Bitcoin in 2013. I am the last person who wants to rail on Bitcoin. Unfortunately, I owe it to myself and to my followers to just be realistic about the future. I often get it wrong, but I try my best to think things through.. The base premise is the risk reward for it has radically changed. Anyone saying that it hasn’t is likely lying to you, or has an ulterior motive and is just trying to sell you something. When an asset grows to a multitrillion valuation, gets co-opted and integrated into the banking system, and also is mostly driven by a single name (Saylor) you should probably start to question whether it offers you the same risk adjusted returns as it did in the past. Questioning your priors is a key part of being an investor. When you have the world genuinely developing technologies that are going to radically reshape our future, perhaps Bitco
@AviFelman
I’ve been in the “industry” since I graduated college in 2017. I bought my first Bitcoin in 2013. I am the last person who wants to rail on Bitcoin.
Unfortunately, I owe it to myself and to my followers to just be realistic about the future. I often get it wrong, but I try my best to think things through..
The base premise is the risk reward for it has radically changed. Anyone saying that it hasn’t is likely lying to you, or has an ulterior motive and is just trying to sell you something.
When an asset grows to a multitrillion valuation, gets co-opted and integrated into the banking system, and also is mostly driven by a single name (Saylor) you should probably start to question whether it offers you the same risk adjusted returns as it did in the past.
Questioning your priors is a key part of being an investor.
When you have the world genuinely developing technologies that are going to radically reshape our future, perhaps Bitcoin is not the best place to park all of your capital.
In 2021 Bitcoin was an incredible investment because it was the escape valve for excess liquidity. The Fed was acting in a way that was irresponsible.
Today we don’t have the same capital flows driving attention to Bitcoin. That doesn’t preclude it from going up 100%, but when something like Intel triples in a month — are you really gonna sit there and say oh wow Bitcoin is still the best investment ever I should be holding the exact same amount as I held in 2021?
Let’s please be realistic here. Let’s talk genuinely instead of coping.
Again, I’ve been in this industry for my entire life. I’ve never known anything different. All of my biases should actually point me to wanting Bitcoin to continue to be the best investment ever. Unfortunately, it’s just not.