Lark Davis|Sep 27, 2026 22:00
TBH, we would have probably done the same.
Selling at a 5x gain back in 2011 was rational. Holding through 80% drawdowns to life-changing wealth is psychological warfare.
But the lesson here is diamond handing Bitcoin has been one of the best bets you could have made in the last 16 years or so.
Is it still the best one in the next 10 years? Who knows? But betting against asymmetrical scarcity and debasement hasn't worked out well so far.
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