My father handed me capital. Life handed me volatility. The market handed me humility. That combination is not a curse. It’s apprenticeship. Painful, yes. But real.

Biggest lesson of this bear market: When using Bitcoin as your primary means of value storage, the volatility to the downside is a risk to never forget, so if you’re ever considering large capex opportunities, such as a renovation, if, and only if, you feel wealthy enough in that moment of decision, you proceed, and you take all the money off the table to ringfence for the project, and manage a predictable cash flow I didn’t so this… I wish I had

I know a guy running a TG group with technical analysis market commentary Talk in through “strategy”, good time to buy or sell Nowhere have they mentioned selling any Bitcoin But behind the scenes they’ve taken 65% off the table at strategic points on the way down Each to their own of course But be careful out their friends

This week, I spoke with David Parkinson, an entrepreneur deep in the Bitcoin journey, turning his passion into a reality. No-one said this was easy, but it sure is interesting! Musqet is a very exciting business, and an example of where I see things going long-term, with practical implementations of Bitcoin in the real world. In particular keep an ear out for his experience fundraising, an area I have more and more interest in. **Timestamps:** **0:00** Introducing David and Musket **0:29** Musket Bitcoin Payment Demo **2:56** Explaining How Musket Facilitates Bitcoin Payments **5:44** Defining a Bearer Asset **10:35** The Intersection of AI, Bitcoin, and Energy **15:34** David's Origin Story with Bitcoin **22:37** Adoption of Bitcoin Payments **32:51** Musket as a Trojan Horse for Bitcoin Adoption **41:51** Bitcoin Is Inevitable **47:10** Advice for Aspiring Entrepreneurs Thank you Best, Jake

The same technical analysts that had a chart saying 180k was inevitable Are now, mhaving said we were in a bull market a few weeks back, are pointing at charts saying it’s going to 40k More and more I think of it as pointless noise

Where’s that meme I saw recently of the Goldmans boss admitting AI has shortened 6 people’s work for 6 weeks pre-ipo by 95%?

Last few weeks has been some of the most intense I’ve experienced Got up at 4am to work on what I will do And there it was Clear as day An income strategy that was a niche, leverages my skills and network, plus could be something built for short-term cash and long-term value Through the pain, comes the opportunity Or at least a piece of the puzzle has been revealed that wasn’t clear before Bring it on

Maybe there should be some editing done... npub1m7g4p6xdh9jf4ghjyvs8ks5l594j9aauhg3crdq98tpkxjezfvfsdvm0wr Interestingly, when we recorded this, I didnt realise how poorly prepared for a price drawdown so I wasn't ready "either way" A great case of you live and learn

Heard a bunch of second hand stories of plebs being wiped out by leverage Intense for them

After this price drawdown, and remainder of the bear market, where is price going to be? Ofc no-one knows, but I need to make some forecasts in order to manage capex and expenditure expectations Where would you put the USD/BTC price every 6 months for the next 5 years?

GM Touch sand Reminding me to stop stressing about what is out of my control Sending top vibes Have an amazing day

We’re not wrong We’re jus early Bitcoin is a BUY

Another lesson in hindsight: I should have an easily accessible margin provider Be that against BTC or any other asset Had one been better prepared, the panic sell off, actually presented a great buying dip, had one had the dry powder

Bit of a relief rally happening this Sunday? Feels like it As the only large macro asset that trades over the weekend Some nimble capital is jumping in

Downloaded an app called Pocketsmith to track expenses What gets measured gets managed Given the drawdown, it’s highlighted how insane it was that I wasn’t tracking this Having one’s highest ever net wealth calc each week lured me into complacency Having a clear grip on monthly costs will be a key tool for the future And is obvious drawdown protection Given you can calc future cash flows more accurately, and see when liquidity is needed I am already a better version of myself Have to get better again

One of the few positive bits of information I’ve found this last few weeks Is that we’ve actually been in a bear market for quite a while So although I’ve only just realised The duration to the next bull is not as far off as it might seem Small wins But they’re helping this morning

Really hitting home why they’re called “hedge funds” They perform on the way up And on the way down Going forwards, with Bitcoin as ones main asset, I will be far more aware of how to navigate the way up, AND the way down We’ve got a decade at least of this volatility Equip yourself now And there is going to be many opportunities in the future