Michael Terpin

So November 2012 was the first halving.

It was at $12.

So if you bought it at $12 or in early 2013, it was $11.

But let's say you bought it the first halving, end of 2012, and you put $12,000 in.

That would have gotten you 1,000 Bitcoin.

So that 1,000 Bitcoin for a $12,000 investment, if you did nothing but hold it between then and now, is now worth $115 million today.

Can't think of any other investment that would do that well over a 12-year period, a 12-and-a-half-year period or so.

And on the other hand, if you did what I propose in my book, which is hold Bitcoin for three years and hold fiat for one year, that way you're able to sell at the top of the cycle and then buy back at the bottom.

Now, 2012 was near the end of the cycle, so you would have only had to hold another year.

It went up 100x.

It went from 12 to 1,200.

Now, you probably weren't going to go and guess the exact high, but...

And that first cycle was probably the hardest one to guess because there was limited information.

It was the first having.

But if you were able to get out at around $1,000, you would have turned your $12,000 investment into a million dollars.

You hold on to that for a year.

Crash, crash, crash, crash, crash.

I kind of knew that the bottom was in at about 171 because it was just, even the short sellers like saying, I don't know if I, there wasn't really much short selling going on then other than, you know, some foreign exchanges.

But even the ones that were like, you know, sort of like bears were like saying, you know, I think this is probably as low as it's going to go.

And it takes forever to crawl back from that.