Bitcoin has had big pullbacks in the past — sometimes over 70% — but over the last 15 years
of its existence, there has not been a single period where a long‑term holder who kept their Bitcoin
for the full period ended up with a loss. History shows that those who held through downturns eventually
came out ahead — though past performance does not guarantee future results. Grant’s strategy is built for
the long game. The real estate keeps producing income, covering operations, and serving as a rock‑solid hedge. We will not sell either the real estate or the Bitcoin during a downturn in value. The plan is to hold both assets until market conditions are favorable, with the goal of maximizing potential returns. And here’s the kicker — if, over time, the real estate value merely returns to replacement cost or reaches a reasonable future value, and we decide to sell, the proceeds could fully cover the original investment of the entire fund. In that scenario, the Bitcoin holdings would have been acquired without additional net cost,
meaning the short‑term price of Bitcoin would matter far less when your effective cost basis is at or below zero.