Have you ever regretted selling something too early, only to watch its value skyrocket later on? Lark gives the example of someone who sold Amazon stock at $3 back in 2007, missing out on the 60x gains it achieved by hitting $180 per share years later. Opportunities like that don't come around often, but according to Lark, crypto is providing a rare second chance.
💡 The key, Lark explains, is understanding that crypto operates very differently from traditional commodities like oil or gold which tend to "revert to the mean" after price spikes. Crypto, on the other hand, has network effects similar to social media platforms like the mega-valuable Meta (Facebook). As crypto networks gain more users and activity, their value grows exponentially - a pattern not seen with finite commodities.
🪙 Just look at Bitcoin's market cap compared to gold, Lark says. It's tiny, leaving immense room for growth as crypto inevitably becomes more integrated into our digital world. While early Bitcoin investors have reaped amazing gains already, Lark boldly claims "a million dollar Bitcoin is coming." And Bitcoin is just one crypto with huge remaining upside potential since many other promising coins are even earlier in their adoption cycle.
🦋 The beauty, according to Lark, is that crypto is "the internet of money" - open monetary networks that anyone can access and invest in during their infancy, just like early Facebook employees and contractors got rich off pennies of stock. Sure, crazy volatility is part of the ride, but Lark assures us "we have the good fortune of living in a very wild time" to capitalize on new wealth-building technology.
So don't be that person who laments selling Amazon at $3. As Lark bluntly states, crypto is providing an incredible "second chance" opportunity to get in on the ground floor of the next world-changing phenomenon. The risks are real, but the potential rewards are of "century" proportions according to this bullish take from Lark.