The Bitcoin Challenge
But for how long?
How fast can Bitcoin get back up towards $60-65,000?
And if it gets back up there, what are the chances that it stops there?
How far beyond $60-65,000 can it go?
Are you prepared for it?
Do you own enough?
This is what I'm thinking about right now.
Do I personally have enough exposure?
These are decisions everyone needs to make for themselves.
But personally, if Bitcoin is above $31,000 then in my opinion, I don't own enough.
The risk, for me, is NOT that Bitcoin gets back to $60-65,000.
The risk is that it goes above and beyond that, through $100k and up towards $120,000.
The last move for Bitcoin sent prices up 20x over a few years, from the end of 2018 to 2021.
Just to put things in perspective, a 20x return from the recent lows would take BTC above $300,000.
Can we get there?
Absolutely!
But does it even have to hit those prices this cycle for us to make a lot of money?
No, not at all.
I'm long.
But if we're above the April highs, then I want to be very very long.
How about you?
What are you doing about this current situation?
JC