Jason is smart. His points about Bitcoin need a detailed response: - Other investment opportunities: I agree with Jason that, compared to 2020 or even 2023, there are more investment opportunities outside of Bitcoin now. Earlier, Bitcoin felt like the only/main frontier opportunity. Now AI, and even robotics, have changed that. However, not everyone can get involved with AI & robotics companies at seed or series A stages, where most of the early value is. Bitcoin is still in its “pre-IPO” days with open access for everyone. - Offers nothing beyond a store of value: BTC very recently got self-custodial yield. Like ETH and SOL, BTC is a productive asset that can generate yield. BTC just got native yield. That takes BTC beyond a store of value and makes it work like a productive asset. Onchain Bitcoin capital markets are already here. This will reprice the asset. - Bitcoin as a consensus trade: Bitcoin did get adoption from institutions, but it’s far from a consensus trade. Large asset managers still hold it as a risk-on asset in a small percentage of portfolios. AI has redirected a lot of liquidity and attention away from Bitcoin, which makes it an even more non-consensus trade now. - AI vs Bitcoin: I don’t view things as AI vs Bitcoin. There might be some attention/liquidity competition, but these are two separate segments, each adding its own value and impact. It’s not zero-sum. Your gold savings serve a very different purpose than your stock portfolio. Jason is a master at driving engagement (good for him!), but these topics are worth discussing anyway. Namely: - How has the world changed because of AI, and should you reconsider how much stock you own vs. how much BTC/gold? - Within the stock portfolio, how much is a bet on AI vs. other sectors? - Are there Bitcoin-adjacent opportunities that have higher risk but higher returns? - Are there ways to get involved in earlier-stage tech opportunities? (hard for most) Personally, I’m long Bitcoin as I believe it should be 150K-200K+ by the end of 2028. More importantly, BTC is becoming a productive asset, and Bitcoin-adjacent opportunities are closer to seed/series-A returns, yet are publicly available. AI will continue to have a massive impact, but it's not zero-sum against BTC for me. Quoted @Jason: A brutal year for Bitcoin is just getting started. Give me three minutes to explain why you should dump it now. Outflows from ETFs are signal and will continue. We will test the 57k low again in the next 12 months. Why? Because there are far too many dynamic places to put your money that are creating MUCH more value. Why put your resources into a dead network that offers nothing beyond a store of value? What's the point of place the BTC be if Bitcoin's Ponzi-scheme nature has gone away!?! The viral nature of bitcoin was it's power... if you didn't own you were MOCKED! Now? Completely reasonable, heck, SMARTER, to ignore bitcoin and place other bets! No one is trying to convince people to buy Bitcoin anymore... the memes and NFTs are gone. No one is saying $ BTC can change the world, because it won't — and BECAUSE AI HAS! Just sell and shift from Bitcoin to Super Intelligence because one provides little to no value, and the other provides unlimited upside for humanity. This should be obvious to everyone right now. Bitcoin will never break its all-time high again.