It’s been a long 5 years since we began this novel pursuit of creating a strategy that could normalize our exposure to bitcoin.

We’ve been through multiple bear markets where BTC has fallen 50-75%, Covid crashing the markets, the largest fraud in history with FTX the crypto exchange, and today we stand with nearly 20x compounded returns since the inception of Laissez Faire.

Back when LF started, Bitcoin was around $5000 and had just gone through a brutal bear market. There were no bitcoin ETFs, there was no way for large institutions to buy, there was only an early idea that BTC could be its own sovereign asset as valuable or more valuable than gold. You didn’t see bitcoin on TV, you didn’t see Wallstreet investors touching any of it, you didn’t see policy makers advocating for a bitcoin standard, Fortune 500 companies putting BTC on their balance sheet, or anything of that sort.

I’ve now been following bitcoin and crypto for over 10 years. It’s amazing how far it’s come and how widely adopted it’s become.

We sit now at the impetus of the next super cycle.

• BTC recently made a new all time high (and so did LF)
• We have the most pro bitcoin and pro libertarian cabinet in America for the history of crypto, including the president elect advocating for it himself.
• We have policy makers like Senator Lumis pushing to adopt a strategic US bitcoin reserve of 1M coins (which would be 4.5% of the total amount of bitcoins that will ever exist.
• We have a bitcoin ETF with sometimes billions of daily inflows run by the largest asset manager in the world, Blackrock.
• The stock market is at all time highs, interest rates are coming down, and we appear to be ready to continue to new highs.

We have massive fundamental and technical reasons for this market to continue beyond 100k per Bitcoin in the next six months, and we’re in the perfect place with this opportunity.

I’ll write a longer article soon, I’m currently flying into Austin TX to a private dinner with Kimball Musk, Elon Musk, and sounds like Trump and Joe Rogan are going to show as well. I’ll make sure to ask them what the plans are.

It’s about to get bananas.

Over and out. Keep on riding cowboys.

-Alex Johnson