
John E Deaton|Jun 08, 2025 17:45
I’m not in favor of telling people living paycheck to paycheck (me until 15 years ago) to take out a mortgage on their primary home to buy Bitcoin (I’m not suggesting that that’s what David is recommending either), but I am in the process of selling real estate, and although my cost average for BTC is under 25K, and considering I have 80% of my net worth in Bitcoin, I never imagined buying more, especially at prices above 100K.
I’m sure some will disagree (what’s up @PeterSchiff), but I believe it is a safer buy at 106K than it was at 20K. I didn’t say better buy for obvious reasons but with everything happening in the world, and the likely passage of the BBB and the GENIUS Act, all roads lead to the printing of fiat money and skyrocketing debt, combined with rapid institutional and nation state adoption, simply put, buying Bitcoin at 106K is more asymmetrical than it was at 25K. But I’ll fully admit I suffer from both confirmation and wealth-preservation bias.
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