When we look at bitcoin long term, the noise of the daily price vanishes.
In the short term, Bitcoin is volatile. It goes up 10%, it crashes 20%. This scares people who are trying to get rich quick.
But in the long term, the trend is up and to the right.
Why? Because superior money always wins.
History shows that humans inevitably migrate to the hardest, most portable, and most divisible money. We moved from shells to gold. We moved from gold to paper. Now we are moving from paper to digital scarcity.
It is an evolution, not a fad.
Betting against Bitcoin is like betting against the internet in 1995. You might see some crashes (like the dot-com bubble), but the technology itself is unstoppable.
If you have a low time preference and can ignore the volatility, the bitcoin long term thesis is the most asymmetric bet of our lifetime.