Two things can be true:
1. We're in an everything bubble & asset prices might correct hard.
2. Bitcoin is underpriced regardless.
Discussion
This gives you leverage of mind space as even if you're wrong, it's just one small part of your DCA that you know will eventually be "in the green".
Correct on both counts. Do you think the inability to deliver gold on demand, as mentioned in your other note, will give us a preview of the sovereign debt crisis collapse or even the inevitable fiat currency collapse? After all, the gold market has been manipulated artificially lower by paper trades for quite some time. I speculate that physical gold holders will benefit from a market collapse. Individual, P2P trades will consist of much more value than what is recorded on any gold exchange. Kind of like how self custody bitcoiners will never sell but ETF managers rebalance all the time. The “market price” for commodities rarely indicates the actual value underlying asset kind of thing?