WHY I own Bitcoin, and why I care about YOU caring, if you don't own any yet
If Bitcoin was the best means to preserve your wealth or solve the wealth gap inequality, would you care then?
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We live in a broken monetary system. The wealth gap continues to widen and the preservation of wealth appears to only be accessible to the 1% while everyone else is experiencing the erosion of their purchasing power, in fiat (USD) terms. So, if something exists that has outperformed every asset class in the last 15 years, is a solution to enable the preservation of wealth for you, your family, and millions of others, wouldn’t you consider ACTUALLY looking into it?
There is a perfect symphony to the principles governing the natural world; a mathematical order to things that make it harmonious, consistent, and predictable. These universal laws, without deviation, create a balanced and orderly system. One that cannot be altered by man.
To me, cooperation and imagination are some of humanity's greatest attributes. Money is the conceptual system that allows strangers to cooperate peacefully.
Before bitcoin, man could not engineer a monetary system which obeyed the laws of human nature and cooperated peacefully. This is why sound money has never existed.
Why? Because money, in its many forms over the ages, has always had its supply and issuance controlled by man. As a result, it’s susceptible to our thirst for greed, power, and influence over others. When the creation and regulation of money are in human hands, the natural harmony is inevitably compromised.
Enter Bitcoin. The most powerful unit of measurement that cannot be controlled by any individual or entity, built on a consensus monetary paradigm that is fixed and respects the natural order of mathematics and aligns with the principles of free choice for ALL people
Bitcoin = sound money. It’s a representation of stored production as a function of invested time and energy. So long as a monetary protocol can be arbitrarily altered by humans, man will never be in harmony. This is why current the monetary system is broken.
Central bankers (Fed, ECB) resist sound money because it naturally provides the stability they claim to engineer. It’s why they want CBDCs, to extend the reach of their control.
Bitcoin achieves true economic harmony. Its supply is fixed (21 million), it’s divisible (you can own as much as you can afford), and immutable (cannot be altered).
With 15 years of history to look back on, it’s slowly becoming embedded into the financial ecosystem and traditional distribution channels of finance.
And we’re still early. Investing in Bitcoin is akin to having the opportunity to invest in the underlying infrastructure of the internet when it was originally built.
Gradually, then suddenly.
Imagine people 5 years from now who have a 0% Bitcoin allocation today reflecting back on their decision. Many already regret not getting in early and still believe it's too late, unaware that Bitcoin's potential will make them regret not owning any, again and again.
Consider the scarcity: How many whole coiners will there be in 15 years? As Bitcoin's network effect and adoption grows and supply remains fixed, the value of owning even a fraction of a coin will become increasingly evident. The time to act is now and the potential opportunity cost lost of NOT owning Bitcoin is TOO great.
This is why public firms are starting to adapt to the MicroStrategy MSTR 0.00%↑ Bitcoin treasury-reserve approach. Adoption via game theory is working, and the snowball effect is unravelling.
MetaPlanet (purchased 90,000 BTC)
Semler Scientific SMLR 0.00%↑ (purchased 828 BTC)
DeFi Technologies (purchased 110 BTC)
Wisconsin Pension Fund (purchased $100MM+ of Blackrock’s BTC ETF IBIT 0.00%↑)
Millennium Management (owns $2B+ in Bitcoin ETFs)
Beck & Bulow (converting 20% of their firm assets to Bitcoin, accepting it as a treasury reserve asset/ means of payment, while also incorporating the cryptocurrency into their employee 401k program)
More will follow. What will happen to BTC price over the long-run as less becomes available? Simple supply and demand economics. Do the math.
Some Bitcoin stats you ALL should be aware of (refer to image above)
Total Bitcoin ALREADY mined: 19,710,914
% of total 21M supply mined: 93.86%
# of Bitcoin left to be mined: 1,289,086
% of remaining supply left to EVER be mined 6.14%, valued at $87B
Spot ETFs acquired 874k BTC in less than 150 trading days
On your own time, watch the video below. It’s the most informative overview on what is Bitcoin. If after watching this video you still don’t fully understand, it’s ok. Keep re-watching it until you do.
I wrote a much more informative and detailed piece of the impact of what just a small allocation to Bitcoin could do to your investment portfolio
Bitcoin + Traditional ETFs, why YOU need to care, and why now
I was recently asked a great question: What percent % would you allocate to a Bitcoin ETFs in your retirement? This person is like many of you. They’ve heard about Bitcoin over the last few years, thought it was a fad or gamble, Ponzi scheme even, though never really understood it. It’s a popular topic of conversation again and some of those same caution…