80% Drawdowns Are Good, Right?

I think Bitcoin is going to change that because now you won't necessarily have to own stocks in order to keep up with inflation. And so if you remove that, that pressure for people to, um, own equities as a short term, a liquidity store of value then it allows management to think longer term and to be okay with 80% drawdowns. I don't know why you would be involved with the stock market at all unless it's that you are being pushed into it by inflation.