Warren Buffett watched American Express drop 83% in 2008. Didn't sell a single share. That position is now worth 44x. If you're sitting there right now staring at your crypto portfolio down 50, 60, 80%...that feeling you have? That's exactly what Buffett warns about. That's the feeling you need to be prepared for before you ever buy anything. One month into this war with Iran. Dow in correction territory. S&P at a 7-month low. Fear & Greed around 9. BTC, ETH, and SOL ETFs all posting outflows on the same day. But zoom out. Before the war started, the economy was healthy. PMI was expanding above 50. Labor market holding up. The war hit an economy that was doing pretty well, and that matters. Wednesday we get the first PMI print that fully captures the war's impact. If it comes in above 50, the market might be overreacting. Below 50, different conversation. Meanwhile, while retail is panicking and selling, whales are accumulating. Institutions are positioning. This always happens. I'm not telling you to go buy everything right now. I don't know if $65K is the bottom. Nobody does. But I'm riding this storm out and the macro thesis hasn't changed. The data says the trend is up in the long term. https://youtu.be/ATYtqCRbBJc(Dan Gambardello)