This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 75,000 other investors today. To investors, The biggest recent knock against Bitcoin from the peanut gallery has been something along the lines of “yeah, but Bitcoin is still down almost 50% from the all-time high.” This is not only a lazy argument intellectually, but it also is highly misleading when presented without context.
Long term price growth and infra growth around institutional custody and overall operations will lead us the way to the next bull run for the Bitcoin market.
You right it is an lazy argument but it still is true if you bought at 20 prices you are down 50%. But, if you been buying some here and there using the dollar cost average strategy you should be fine even if you bought at 20k. Hopefully you bought some at 3k, 6k, etc.
Bitcoin Is At An All-Time High*
really enjoyed this one - thanks for sharing the data!
Long term price growth and infra growth around institutional custody and overall operations will lead us the way to the next bull run for the Bitcoin market.
Thanks Pomp!
-Jay
You right it is an lazy argument but it still is true if you bought at 20 prices you are down 50%. But, if you been buying some here and there using the dollar cost average strategy you should be fine even if you bought at 20k. Hopefully you bought some at 3k, 6k, etc.