HomeUncategorized‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story By Cointelegraph

‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story By Cointelegraph

June 16, 2022

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‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story

When the market falls faster than a tree in the forest, the phrases “zoom out,” and “lower your time preference,” take root.

“Zoom out” refers to taking a break from the omnipresent price charts that populate news feeds and Twitter (NYSE:) threads. Consider looking at the price of (BTC) over the past five years–as opposed to over the past 6,12 or 18 months.

HODLing Bitcoin has far outperformed HODLing stocks over the past five years.
Sequoias are the largest trees in the world. What better way to visualize a low-time preference? Source: Twitter
The Sequoia seeds received by Andre Loja in Madeira. Souce: Loja