In late November 2020, I interviewed my friend Chip about Bitcoin for another project. Chip was the head trader for San Francisco based Stat - Arb hedge fund. I have also known Chip for years to be a shrewd trader of everything from high end stereo equipment to vintage records. Always buying low and selling high.
I asked Chip to give his opinion on Bitcoin after sharing my experience. What follows is very sound prudent advice for any business or person with a portfolio. What is interesting is this was recorded in late November 2020 when the price of Bitcoin was $19,000 range. Today as I repost in late November 2021 the price is $57,000 range. Its a long game, we touch on the thousands who sold early.