Bitcoin's Breakout Is Bullish, Buy While Momentum Is Strong

Don't believe anyone who claims to know the ultimate fate of Bitcoin. There is a chance it becomes widely adopted as a store of wealth and a means of transacting outside of the banking system; there is also a genuine chance it becomes worthless.

For that reason, I consider an investment in Bitcoin like a non-expiring warrant on the eventual widespread adoption of Bitcoin. Unless you believe this is a possibility and want to make a bet on that conviction, buying and holding Bitcoin doesn't make much sense.

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