This guy is going to get a lot of people rekt, probably.
All I'm saying is be careful of the rhetoric espoused by billionaires.
Discussion
Yes. Most of those who admire him don’t have access to the same liquidity channels and low borrowing rates he does. I don’t think many will get wrecked buying Bitcoin with no leverage and simply holding, but amateurs who try to emulate his highly leveraged mindset will most certainly run into trouble.
I know I'm in the minority, but I think there are better and worse times to accumulate Bitcoin. Most newcomers end up getting sucked in at the highs by people like this, and they don't have the experience to weather 'drawdown', so usually will end up selling at a significant loss unless they have someone to 'hold their hand' in the process.
DCA still the simplest way, but it's another simple concept newcomers don't grasp.
