Bitcoin is down 19% over the last year
Hold for 3 and you're at 29% CAGR
Hold for 10 and you're at 58%
Time in the market beats timing the market
And Bitcoin beats the market
Dad buys Bitcoin for $100K.
It grows to $5M.
If he sells, he owes tax on a $4.9M gain.
Instead, he puts it in a trust.
Borrows against it.
Lives tax-free.
Dies holding.
Kids inherit at a $5M basis.
IRS gets $0.
Whenever you see Bitcoin's price drop, check the power law chart.
Bitcoin's price currently sits at around $66,000 per coin.
The support level (that Bitcoin has never dipped under), is c.$58,600.
It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.
The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.
This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.
For those that understand what it is, this is an opportunity.
This is like $5k in 2020, or $16k in 2022.
What would you give for an opportunity to buy at $16k again?
We'll be speaking of $60k in the same way in 2029.
There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.
All predictions made by people who are using emotion, rather than historical data & math.
Bitcoin as incredibly oversold at these prices.
It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.
I'm buying more.
JUST IN: Fidelity supports the Senate passing the Bitcoin & crypto market structure bill:
"Fidelity commends the Senate Banking Committee for advancing the CLARITY Act. The bill provides a balanced approach and, if passed, will offer statutory clarity to digital asset markets."
JUST IN: Former PayPal President and Lightspark CEO David Marcus is launching a new Bitcoin wallet that allows AI agents to buy BTC and send & receive money 🚀
JUST IN: 🇺🇸 SEC Chair Paul Atkins urges congress to advance the Bitcoin & crypto market structure legislation 👀
"We really need to have congress speak to this area. We're ready, willing, and able" 🙌
Cardone Capital real estate firm now accepts bitcoin. The groups is first to scale a Real Estate BTC Hybrid now allows investors to use BTC to invest. With 47 deals fully funded and ~$5B AUM, the group launched Fund 29 combining best in class real estate & Bitcoin while distributing tax benefits and cash flow to investors.
• Real Estate
• Cash Flow
• Tax Benefits
• BTC exposure
The group completed five deals in the last year and bought over 1000 BTC
Coinbase #Bitcoin commercial shows how houses get cheaper when priced in BTC over time 👀
"In 2012, you'd need 30,000 BTC to buy this house...today it could be yours for 5 BTC."
You will now be able to buy a home with a bitcoin-backed mortgage 🙌 🇺🇸