It would be easy to say I’ll never invest in Bitcoin because the price is crashing.

The truth is, I already did.
And I exited the position last year after realizing I couldn’t answer three questions I use to assess any asset:

1) Is there 10+ years of data supporting safety?
The last decade of Bitcoin shows extreme volatility, not capital preservation.

2) Would I still want it if it had zero monetary value?
It’s code. I wouldn’t.

3) Is there deep, durable liquidity?
Probably. But if I can’t answer #1 and #2 with conviction, liquidity alone doesn’t save the thesis.

Now compare that to gold and luxury watches:
• Decades (and centuries) of data supporting value retention
• Inherently desirable even without price appreciation
• Proven global liquidity when bought correctly

People don’t wear watches because they go up in value.
They go up in value because people love wearing them.

Same with gold. It’s timeless, tangible, and trusted long before charts existed.

Bitcoin’s rise has largely been narrative-driven: money flows in, prices rise, stories spread, and leverage follows. That works, until it doesn’t.

Meanwhile, real assets quietly compound.

The winners over the next decade won’t chase hype.
They’ll own assets they’d be proud to hold even if markets went dark.