Part 5/7:
To further reinforce his viewpoint, the speaker highlighted Bitcoin's historical price actions, showcasing its volatile nature. In particular, he referred to how early investors who remained steadfast reaped significant returns over longer time spans, while those who chased highs often found themselves at a loss. The emphasis was placed on the importance of patience and a level-headed approach to this unpredictable asset class.
For instance, he noted how Bitcoin has fluctuated wildly in the past, going from lows of $3,700 in 2018 to peaks of $69,000 just a few years later. Consequently, the emphasis on long-term holding could pay off substantially—if investors can withstand the price movements inherent in the cryptocurrency market.