Core Viewpoint - The current price of Bitcoin is $94,632, and there is speculation about its potential to reach $150,000 by the end of the year, despite recent volatility in the crypto market [1][2]. Price Movements and Historical Context - Over the past five years, Bitcoin has experienced significant drawdowns but has averaged a 50% annual increase, with notable price movements from $55,000 to $94,000 over 14 months [3][4]. - The price surged from $68,000 to $106,000 in just five weeks following the Trump election [3]. Investment Strategy and Market Outlook - The company believes that Bitcoin will outperform gold and the S&P 500, positioning it as a form of digital capital [6]. - A strong support base has been established around the current price level, and the company anticipates a rally from this point [5][6]. - The company maintains a low leverage ratio of 1.15% and is well-collateralized, indicating a stable balance sheet even in the event of significant price drops [7][8]. Long-term Investment Perspective - The company advocates for a long-term investment horizon of at least four years for Bitcoin investors, emphasizing the importance of being prepared for market volatility [4][15]. - The company has been actively purchasing Bitcoin, owning nearly 3.1% of the network at an average price of $74,000 per coin [14][13]. Digital Assets Economy - The digital assets economy is expanding, with Bitcoin being viewed as digital gold and a key component of digital capital [11]. - The emergence of stable coins and digital finance is seen as complementary rather than competitive to Bitcoin, which remains a preferred asset for long-term investors [10][12]. Investment Recommendations - For investors with a time horizon of four years or longer, Bitcoin is recommended as a primary investment, while those looking for shorter-term gains should consider digital credit instruments that mitigate volatility [15][16].