I bought Bitcoin at between $6,000 and $9,000 during 2020 at the urging of a well informed first who works at one of these Web 3.0 companies.
I didn’t really buy it as a speculation, it was a crude inflation hedge on the thesis that it was essentially digital gold. I keep a
I didn’t really buy it as a speculation, it was a crude inflation hedge on the thesis that it was essentially digital gold. I keep a
Rolling and sizable cash position since I have pledged commitments to fund private equity and Real Estate PE investments so the amount I keep liquid can “seem” irresponsible (opposite of most people who have too little cash for emergencies). The solution was to hold 5% in BTC
First is suppose to be “friend”
Crypto is a paradigm shift and a religion, I never really mention my involvement to my following like I do generally wrt S&P indexing or Facebook, Amazon, google, Shopify. It feels really easy to get scammazed or not be mentally able to handle the volatility. Click on the
wrong discord link and poof a million dollars can get yoinked with no Recourse. There aren’t really any guardrails here. Maybe it was a disservice to not talk about it. I super avoided mentioning it until very recently.
Other than as an inflation hedge, my only thesis was
Other than as an inflation hedge, my only thesis was
That whenever possible, it’s generally smart to (excuse the term) invest in cults and religions. I’m trying to use those terms in an even-keeled way (no pejorative edge). My mental model for it goes something like this:
Bitcoin maxis and believers evangelize SUPER HARD
Bitcoin skeptics generally are agnostic, or make fun of it.
All the energy and fanaticism and “converting” happens on the long side. Because you can’t really short Bitcoin at scale so the skeptics don’t really have a
Bitcoin skeptics generally are agnostic, or make fun of it.
All the energy and fanaticism and “converting” happens on the long side. Because you can’t really short Bitcoin at scale so the skeptics don’t really have a
vested interest. This also means they are less likely to do the work once they formulate their knee-jerk reaction. Eventually everyone undecided or agnostic gets won over by Twitter Bitcoin Stans evangelizing / talking their book. Bitcoin is a virus with a high r0
My BTC wallet is worth 7 figures despite only a 6 figure initial investment. only time I ever sold BTC was to convert half to $eth (also at the urging of said Web 3.0 friend).
The plan is to just keep it around 5% Of assets, maybe take a little profit at a meme lvl like 69,420
The plan is to just keep it around 5% Of assets, maybe take a little profit at a meme lvl like 69,420
If another creator asked me what to invest in… after demurring repeated that I’m not a fin advisor /don’t give advice I might say
Keep 6 months of living &operating expense saved as cash
90% $VOO (or QQQ If u like rollercoasters)
10% in alternatives (could be crypto, NFT, etc)
Keep 6 months of living &operating expense saved as cash
90% $VOO (or QQQ If u like rollercoasters)
10% in alternatives (could be crypto, NFT, etc)
Have a system, stick to it, don’t deviate from the plan and focus on what you’re competitively advantaged in.
Generally. It’s not going to be financial markets
Even my forte isn’t financial markets. It takes up like 5% of my time (probably not even). Nothing Herculean needed
Generally. It’s not going to be financial markets
Even my forte isn’t financial markets. It takes up like 5% of my time (probably not even). Nothing Herculean needed
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