Anthony Pompliano

They're going to put it in the place where they think it will be taken care of best.

And whether they're thinking long-term or short-term, ultimately they are trying to drive a return.

And I think that is why Bitcoin continues to lag behind.

Now, the good news is that assets that tend to lag behind at some point usually catch up.

I don't think that the Bitcoin narrative has changed over the long run.

In fact, I think that Bitcoin may be even more interesting sitting at $87,000 than it was at $126,000.

If you love Bitcoin at 125K, you should love it at 87.

But that's not how humans usually think.

They tend to look at assets and say, well, this one's going up, so let me go buy it.

And then when assets are going down, they usually are like, well, I don't like that.

It's not working.

But as we know, maybe the great Charlie Munger quote, the big money is not made in the buying and the selling.

It's made in the waiting.

And I think that's what Bitcoiners are realizing is that if you continue to dollar cost average into Bitcoin or any great asset, you hold it for a long time and just let the asset do what it was intended to do.

It usually will turn out just fine.

And if you don't believe me, ask the gold bugs.

They sat on gold for a decade and people kept making fun of them saying it's not working.

I had plenty of fun, you know, just ribbing a little bit Peter Schiff and many other gold books.

But congratulations to these guys.

They had a thesis, they waited, and they were right.