Interesting observation of self:
- I re-allocated as much capital as possible into Bitcoin in 2022
- by 2025 this had resulted in a “5 bagger” as investors would say
- my average cost of coin means that even at these levels it’s over 3x
- these are returns unheard of in traditional wealth management
- I am incredibly grateful to now re-allocate into a home
- but gosh it’s painful to sell knowing you “could have got more”
- the allure of a future Bitcoin price far higher is difficult to ignore
- I am spending too much time worrying about this
- I am working on just enjoying the moment and going with the flow
Why explain all this?
Well we talking about the hurdle rate, the cost of capital, and how much higher it is on a Bitcoin standard
Ooooft
How true
I am really feeling it now
I want to retain as much Bitcoin as possible all the time
I know that it remains the best risk/reward opportunity that exists
But consider what this means?
As more people come to this point, the decision making process for all capital allocation is so different
The cost of getting it wrong just got so much higher
All the money printing distorts
Everything seems “cheap”
Well no more
The “free lunch” is over
People will save more
Invest much less
And that’s a good thing
The return of quality, of durability, of utility, will return to economic decision making, in place of speculation, volatility, and gigantic miss-allocation of capital
Keep calm
Carry on
🙏🏻