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Some may question why we are talking about greed when the market sits in a state of extreme fear. But this is exactly when it matters most. Back in February, we discussed the hidden greed of bear markets, the kind that surfaces when we are deep in a drawdown and price is sitting at generational buying opportunities.
Cast your mind back to 2022. Bitcoin traded around $20k for months. Smart money was buying. Yes, price fell another 30% to $15k, but even that was not low enough for some. They held out for $12k, a level that never came. Many of those people either stayed sidelined for good or were forced to buy higher once the move away began. The ones who did buy through that zone are the ones now sitting on generational returns.
As we have been covering in our Morning Notes lately, Bitcoin has entered a period of accumulation, a window where risk to reward is heavily skewed in favour of those with conviction. This is where the real returns get made.
Bitcoin at $60k or below is 50% off its all-time high. This is smart money accumulation territory. The difference between buying now and waiting for $50k is marginal, and it is simply not worth the risk of missing this level altogether if it never comes.
Rewind just nine months, to when Bitcoin was trading at $120k. If you had asked anyone looking to buy, “would you like to get Bitcoin at $60k?”, the answer was obvious. It was the same wish we heard from clients constantly: “I wish I had bought when Bitcoin was at $50k... $70k... $90k, pick a number.” That wish has now been granted. The opportunity is here. The only question left is whether you follow through.
One more thing worth noting: if you bought at the top around $120k, you are underwater, and that is fine, especially with a long term view. This is a prime opportunity to heavily dollar cost average. With just half the capital you originally deployed at the highs, you can bring your average entry price all the way down to the midpoint, from $120k to $90k. Deploy more, and that average keeps improving from there.
Stormrake Spotlight: Pax Gold (PAXG) ($4,043)
Stormrake Spotlight: Pax Gold (PAXG) ($4,043)
