Bitcoin's 'Best Buying Opportunity Ever' Arrives: Mark Moss

Bitcoin Poised for New Record Highs as Institutional Adoption Accelerates, Says Co-Founder of Bitcoin Opportunity Fund

New York, NY – The increasing involvement of major financial institutions and the advent of exchange-traded funds (ETFs) have created what investor Mark Moss, co-founder of the Bitcoin Opportunity Fund, describes as the “best buying opportunity ever” for Bitcoin. He anticipates the cryptocurrency could reach a new all-time high by 2027.

Moss, who also serves as chief Bitcoin strategist for UK-listed Satsuma Technology, shared his insights on the latest episode of Cointelegraph’s Trade Secrets. He recounted his initial Bitcoin purchase in 2015 at approximately $300, a period of recovery after a significant price drop.

“It was so risky,” Moss recalled, contrasting it with the current landscape where he sees “consensus from the US government and Wall Street.” Despite this shift, he noted that a significant portion of the public still views Bitcoin with skepticism, a sentiment he believes creates valuable entry points.

This skepticism, Moss explained, allows Bitcoin to bridge the “chasm” between early adopters and mainstream investors. The accessibility provided by banks and ETFs, coupled with the potential influence of financial advisors, is expected to draw in previously hesitant investors.

Market Volatility and Resilience

Bitcoin experienced a brief surge above $80,000 following the US midterm elections, but this gain was subsequently erased amid a broader sell-off in tech stocks. By Friday, the cryptocurrency had fallen to $74,762, its lowest point since August, and remained subdued at the time of reporting.

However, Moss pointed to the market’s reaction to the $6.3 billion Binance hack as an indicator of dwindling seller momentum. “The price didn’t really drop,” he observed, despite Bitcoin dipping to $76,320 after the breach and further to $74,762 on Friday. The price continued to decline, reaching approximately $73,500 late Sunday, its lowest since August, following news of an investigation into Nvidia CEO Jensen Huang.

Flows into US spot Bitcoin ETFs also showed volatility during election week, with significant inflows on Wednesday followed by substantial outflows on Thursday.

Historical Trends and Future Projections

Moss highlighted historical data suggesting a positive trend for Bitcoin following US midterm elections. He noted that Bitcoin has averaged approximately a 53% gain in the 12 months after previous US midterms, based on data dating back to 2014. With three completed election cycles in his analysis, Moss expressed confidence in Bitcoin setting a new record high in 2027.

MicroStrategy: A Preferred Treasury Holding

When it comes to companies holding Bitcoin, Moss favors MicroStrategy (MSTR), though he maintains that direct ownership of Bitcoin remains superior. MicroStrategy began accumulating Bitcoin in 2020, making it a central component of its business strategy. The company has leveraged stock and debt offerings to finance its Bitcoin purchases, providing a publicly traded avenue for investors to gain exposure.

As of November 2, MicroStrategy held 849,327 BTC, representing over 4% of Bitcoin’s total supply. “I don’t think there’s another publicly traded company that will outperform Strategy over the next ten years,” Moss stated. Leverage, he added, can enhance the performance of a Bitcoin treasury company’s shares relative to the cryptocurrency it holds during price upticks.

Personal Journey and Risk Management

Moss’s background includes a career in real estate, where he bought, renovated, and sold foreclosed properties before moving into property development. He later built and sold a medical equipment business, reinvesting the proceeds into Southern California real estate. The 2008 market crash resulted in significant losses for him.

“The reward of being right is not worth the risk of getting it wrong,” he reflected. Even with his positive outlook on MicroStrategy, Moss emphasized his preference for holding Bitcoin directly, allocating only a small portion of his portfolio to treasury stocks for potentially higher returns.

The Million-Dollar Bitcoin Scenario

Moss’s model suggests Bitcoin could reach $1 million under specific conditions, particularly if it captures a substantial share of global investor wealth currently allocated to stocks, bonds, gold, and real estate. His model estimates the value of these assets, projects their growth with expanding global money supply, and calculates a potential Bitcoin price based on its projected market share.

He envisions financial advisors playing a crucial role in this scenario, guiding clients to reallocate small percentages of their portfolios from traditional assets into Bitcoin. This gradual shift across a critical mass of investors, he believes, could collectively drive significant demand.

The model’s assumptions include the continued security and decentralization of Bitcoin. Moss identified a compromise of either of these features as a potential derailment of his $1 million price target. He suggests that while $1 million might be achievable by 2030, holders could potentially need to wait until 2032.