We all get bitcoin at the price we deserve. Mark has clearly not done the work to understand bitcoin yet. His take here will age like a glass of milk on a hot day, and he will buy bitcoin at much higher prices out of necessity.
He expected Bitcoin to act like a clean inverse-dollar, inverse-chaos hedge on his timeline. Markets rarely give investors that kind of tidy validation. I think his frustration is understandable and wrong. Bitcoin is a liquidity-sensitive monetary asset with a fixed supply and a volatile adoption curve. It can trade like risk collateral in a panic and still be the best long-term answer to currency debasement. Both can be true because time horizon matters.
Gold had thousands of years to become boring. Bitcoin is still earning its place on institutional balance sheets in public, with every drawdown live-streamed and every critic waiting to declare victory. That is the price of being early to a monetary network.