Andy Scott
· 1w
Politely, 2 years is not low time preference. I do recall your previous frustration with Jeff's and others' thesis, but Bitcoin's value proposition has not changed.
I remain sympathetic to those that...
Correct, value prop remains unchanged. Debt based system still exists. I’m not selling any BTC because the price in dollars went down.
I would argue time horizons and peoples preferences are all relative. To a bitcoiner two years isn’t a long time but to someone trying to build financial freedom and compound wealth, two years is a material amount of time with material consequences.
Just pointing out that in a time period where, in theory, bitcoin should have outperformed literally everything (tradfi was even calling it “the debasement trade”) it was one of the worst investment you could have made. So the only option is to just cope and double down on your conviction…