One upgrade for my future that I will make sure is true Next time I won’t be forced to sell at the dip

The last six weeks have exposed many areas of my life that I didn’t realise needed work: • liquidity discipline was thin • volatility leaked into home life • operating capital and investment capital were blurred • ego was still attached to prior highs That’s tuition fee’s. Expensive tuition fee’s. But tuition fee’s that will pay in the long run. Financial capital balance: DOWN Intellectual capital balance: UP

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

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%?

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

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

Do you think Gold can act as a slingshot for Bitcoin? npub1m7g4p6xdh9jf4ghjyvs8ks5l594j9aauhg3crdq98tpkxjezfvfsdvm0wr

Observation: for about 3 weeks I’ve been like a rabbit in headlights, frozen almost, fearful, as the Bitcoin price plummeted. Only now am I managing to wrestle back control of myself, and start to think rationally. Huge lessons being dished out by the bear mkt of Q1 2026… No hedge No backup plan No cashflow forecast No cash reserve No tracking of historical spending Sitting on a five bagger of uncrystalised gains for over a year, made me complacent, and I fell for the hopium of higher prices. 150/175/250/even the 400k that was banded around. I ignored my own advice. Classic ego move. I thought I knew better. I ignored warning signs. SCombined with shame as things went the wrong way Ahead I have commitments - Fixed capex in a renovation - Monthly expenses - Holiday bookings All of which just got a lot more expensive in Bitcoin terms Ouch Panic stations even Thankfully I’ve mellowed out. The situation is my fault. Avoidable. Yes. But reality. And mine to navigate. Your vision is to be a “word class investor” of humanistic, intellectual, and financial capital, figure it out Jake! I think the best part: all these failures, are areas I was wrong, and that I can work on for the future. The next time my net assets are 60% higher from here, I know exactly what I’ll do Reallocate to: - cashflow - cash reserves - cap growth - speculative - cap protection Ultimately I am grateful for these mistakes. Through failure we learn. Indeed, yes it’s at a cost to the balance sheet, but these lessons are a form of intellectual capital I am better for it The cost now, will actually make me far more financial capital in the future Lastly. Beyond blessed with my wife. I’ve made too many mistakes to list here, against her intuition. I was wrong. I will do better Onwards friends 💪🏻

Financial Engineering and The Four-Year Cycle - Caleb (JWP 115) npub1m7g4p6xdh9jf4ghjyvs8ks5l594j9aauhg3crdq98tpkxjezfvfsdvm0wr Learn a unique investment strategy from Caleb that combines traditional finance expertise with Bitcoin, plus how to generate cash flow and build wealth through a covered call option strategy, and explore the intersection of sound money, time preference, and personal freedom. 0:08 Caleb on Applying Covered Call Options to Bitcoin 1:40 Utilizing Traditional Skills to Build a Bitcoin Position 6:59 Financial Engineering and Investing in Bitcoin 10:32 Replicating a Bitcoin Position Through Cash Flow 12:37 Creating Income with a Pure Bitcoin Buy and Hold 21:36 Counterparty Risk in Traditional Investments 28:51 Selling Consulting and Questioning Time 35:59 Living in a Debt-Based Society 42:37 Pricing Options and the Four-Year Cycle 51:33 Stepping into Parenthood If you want to give value-4-value: Via Fountain: boosts and all streams are split 50% with the guest Via Nostr: zaps always welcome Thank you Best, Jake

"Everyone thinks they're great until they get punched in the face." Mike Tyson