00:00 Dave Briggs

Tyron, you own Bitcoin. You’re saying that you’re always buying. So is now the right time for people to add to their positions, even as we’re off of that $109,000 peak that we had seen at the beginning of this year, but haven’t been able to get back to that level?

00:18 Tyron

First of all, good to see you, my man. And let’s start here. I think whether it’s Bitcoin or not, when any, um, asset that you feel is worthy of your portfolio is off the highs, and you have conviction, and you thought it through, um, you should be buying. And I think there should be a long-term plan in that as well. But I do think, you know, Bitcoin pulling back here and cooling off a bit and just kind of floating in this range, this 80 to $85,000 range for the people that do look at it long-term for who see the investment thesis in it, I think this is a very prudent time to be adding to allocations based on, you know, your your time horizon and your financial plan.

01:25 Dave Briggs

So, let’s separate investors into buckets. What about people who don’t currently own any Bitcoin? Is now a good time to buy in?

01:38 Tyron

No, it’s not. Because I think there’s a lot that goes into, um, making a first-time investment in this. So that’s the first thing. If you are a long-term investor, and you can tell me why you would buy Bitcoin now as a part of achieving your financial goals, I’m all for it. If you are a trader, and you’re just doing this because you’re seeing it online or some Tik Tok video, then it’s a resounding no. So I think the most important thing for people to do is learn, ask questions, see if it makes sense for you. Is it tied to a viable and prudent financial goal? Sure. Dollar cost average, so the peaks and the highs doesn’t matter. You’re constantly adding money with a strategy, and then you’ll be in it for the long term. But worrying about the price of Bitcoin in 2025 is foolhardy to me.