Ninety-five days since all-time highs.
That’s nothing.
That’s a blink. That’s a newborn still learning how to breathe.
People obsess over days. Markets are built on decades.
$25B of Bitcoin absorbed… then 100× more purchased. That’s not noise. That’s signal. That’s fundamental progression. This isn’t 2013. This isn’t 2017. This isn’t even 2020 — which, by the way, was only five years ago. That’s yesterday in capital-markets time.
Bitcoin in-kind redemption. BTC to IBIT and back. Financial rails are maturing. The pipes are being laid. One hundred days is a baby. A hundred days is not a company — it’s not even a college degree. Real institutions think in four-year blocks at minimum. Anything less is naïve.
Venture capital? Sub-four-year horizons.
Investors? Four years beyond that.
Ideology? Ten years.
Ideological movements? Ten thousand years.
If you want to be successful: ten to twenty years.
If you’re impatient: ten weeks, ten months — enjoy irrelevance.
The 2026 price does not matter.
Zoom out.
Electricity went from 4% adoption to 76% — over thirty years. Half the planet dies without it. Energy is not optional. Bitcoin is energy monetized, energy stored, energy disciplined. The rolling four-year moving average remains bullish because physics doesn’t care about your feelings.
Electricity isn’t awful. Nuclear wasn’t awful in 1973 either. Tens of millions died fighting wars for oil. That’s not ideology — that’s thermodynamics plus geopolitics. Reason from first principles or don’t reason at all.
We just exited a fifty-year energy bear market.
2021: nuclear re-enters the conversation.
2023: ChatGPT explodes into the world.
ESG collapses under its own contradictions.
Power is cool again.
Think for yourself.
Endurance matters. Ninety-four days? Child’s play. Sixteen years of education builds stamina. 1,094 days for an undergrad at MIT — that’s the baseline. Eighteen years to form a human. Bitcoin is 17 years old. January 3rd still matters. Genesis still matters.
Roll back the tape.
People say “give up.”
They always do.
Then Charles Schwab enters Bitcoin.
Then banks wake up.
Multi-trillion-dollar banking industry. Families quietly calculating how much Bitcoin they actually have. Cash-flow positive entities reallocating capital.
Every company has a different value proposition — but the directive is simple:
Buy Bitcoin.
Counterparty risk is the disease. Bitcoin is the cure. There are 400 million companies on Earth. Most do nothing. A small minority act. About 200 companies bought Bitcoin. The other 399,999,800 didn’t.
Why criticize the ones that moved?
“All my gains are unrealized gains.”
Good. That’s how compounding works.
Losses amplify three times faster than gains. Thirty percent a year for thirty years changes civilizations. Sixty percent a year — MicroStrategy-style — rewrites balance-sheet theory.
Don’t eat your own young.
Why attack your own kind?
Companies don’t determine stock prices. Time does. Structure does. Optionality does.
An unemployed person can buy Bitcoin.
A person in debt can buy Bitcoin.
So why can’t all companies buy Bitcoin?
“Just issue debt.”
Yes. That’s the point.
Criticizing a company for doing nothing is pointless. There are already 400 million examples of that. We’re not here to promote bad companies. We’re here to promote adoption of superior technology.
The market has enough room for everyone. Struggling companies benefit the most. $30M a year growing at 30% becomes inevitability. $20M a year turns into $1B with time and discipline.
Corporations have tax advantages individuals never will.
Equity plus Bitcoin beats Bitcoin alone.
Lever it intelligently — outperform Bitcoin.
This isn’t hype.
This is first principles.
Power. Time. Endurance.
Think longer. Move earlier. Stay unrealized.