Mark Moss argues that Bitcoin's recent price drop was a rare buying opportunity most investors missed. Real wages have grown less than 1% while Bitcoin gained 50-100% over the same period. Waiting costs twice: you miss the upside and pay more to get back in later.
want to talk about the Bitcoin drawdown for a second because the drawdown was the opportunity that everybody said they were waiting for, right? The price dropped, the fear came back, but the question is, did you buy or did the fear convince you to wait again? Now, it's important to think through this because you don't get a lot of chances to go through this and see how you react. And this is one of them, right? That's what it feels like when the door opens, right? When the door opens, it doesn't feel safe. It feels like fear. Now, meanwhile, during this time, Real wages have barely moved even 1%. So your wages went up by not even 1%, but assets moved 50, 60, 75, and 100%. All right. So that's the warning I was giving you. That's the real cost of waiting. It's not just the returns that you missed out on, which are pretty big. It's now the higher price that you have to pay just to get back in.
