One-Liners

Bitcoin has and continues to have an education problem. People are bogged down by 15 years of headlines—headlines that oftentimes hold little to no weight when actually broken down and discussed with facts. Regardless, narrative is everything, and for many people, the narrative of bitcoin is that it is extremely volatile, bad for the environment, potentially a scam, and not worth owning.

In a continued effort to dispel these thoughts and provide readers with a chance to spread their own gospel about bitcoin, I believe it is best served to provide a group of common one-liners, data points, and analogies that will easily imprint themselves in your mind.

Bitcoin does not have to be a confusing and complex item that is terribly difficult to understand and talk about.

Bitcoin does not need to be hidden behind hours and hours of research, videos, podcasts, or books.

Bitcoin can and should be simple for everyone; it just takes the right line, perspective, or analogy to get the lightbulb to go off in your, or someone else’s mind.

Bitcoin going to $1 million is a “when,” not an “if”

The market cap of gold is over $23 trillion. The market cap of bitcoin is a little over $2.16 trillion.

Gold isn’t digital, expensive, and timely to both move and verify. Gold also increases its supply annually on roughly a 2% rate and roughly doubles its supply every 25 to 30 years.

Bitcoin is digital, cheap and near instant to move, and verifies itself roughly every 10 minutes on a public ledger. Bitcoin has a fixed supply of 21 million coins and currently has a lower inflation rate than gold, and every 4 years, that issue rate gets cut in half.

In an ever increasingly digital and global world, bitcoin beats gold hands down on every metric that matters.

Bitcoin reaching the market cap of gold is a “when,” not an “if.”

Find a stock you have a “logical” case for a 10x, and Wall Street would kill for it. Bitcoin has these characteristics; it is that simple.

Bitcoin not crypto

There is a dramatic difference between bitcoin and the rest of the crypto world. I actually would make the argument that “crypto” is a negative term for both bitcoin and the other companies in the space because it groups them under one roof. Bitcoin is not a company; it does not have a CEO, employees, or board of directors. There is no roadmap of development nor revenue targets that bitcoin strives to hit. The only thing bitcoin cares about is processing the next block of transactions roughly every 10 minutes. Bitcoin is a peer-to-peer currency that is the most sound form of money the world has ever seen.

Other tokens in the “crypto” world are released and gain value based on speculative thoughts that the “technology” a company produces will be “innovative” enough to gain market share and will be adopted. The other tokens in the “crypto” space and investing in them is largely a gamble akin to VC investing (meme tokens are purely gambling, nothing else). Many companies fail, some are scams, and some may end up succeeding.

Other tokens are largely “companies” while bitcoin is a world evolution of sound currency.

Know the difference.

The clip below explains how Ripple and its cryptocurrency $XRP acts as “corporate lobbying disguised as innovation.”

Not your keys, not your coins

Bitcoin is one of the only items in the world you can choose to gain complete and utter control of. Your home could be repossessed by a bank or the government. Your car and jewelry could be stolen if someone wanted to. If you need to flee a country, the border patrol will stop you from taking cash or gold bars with you. Your bank account can be censored or closed.

Taking self-custody of your bitcoin means you alone are in control of the transactions your bitcoin is used for. If you choose to memorize your seed phrase, the only way for anyone to get into your bitcoin wallet would be for them to steal your seed phrase out of your brain. Having your own keys means you can transport your wealth across borders with no limitations to traditional policy.

Taking self-custody also removes third-party risk that can occur if you leave your bitcoin on an exchange. When FTX, Blockfi, and Celsius all went bankrupt, users who had their bitcoin (and other crypto tokens) were left without access to their funds—losing everything. When you have your keys, this business risk is erased.

Bitcoin is for anyone even if its not for everyone

Not everyone wants bitcoin however, anyone can get bitcoin. There are no requirements for a bank account, identification, or even internet access if you truly wanted bitcoin. For the multi-billion people who live either bankless or under authoritarian rule, bitcoin is a godsend for ensuring they have access to a savings vehicle that preserves their purchasing power. Bitcoin does not discriminate against anyone because it is apolitical and emotionless.

Tick-tock, next block.

The presentation below by Alex Gladstein explains how impactful bitcoin is as a freedom technology and how much impact it has around the world. If you care about humanity, this is a video for you.

Everyone is against bitcoin until they are for it

Bitcoin has critics and skeptics far and wide. Yet, I have never encountered something that almost unilaterally creates champions and supporters out of critics and skeptics as soon as they sit down to learn about it.

If you still doubt bitcoin, email me, and I will provide you with a Word document of material that can help you learn. Spend 5-10 hours learning and form your own opinion. I would bet you come away thinking you should own some.

Just like these guys:

If you don’t own bitcoin, you are short bitcoin

Owning a 0% allocation to bitcoin is the wrong strategy. Owning 0% is effectively saying you are short bitcoin. Considering bitcoin has been the best performing asset for most of the last 15 years and a part of a multi-trillion dollar industry, that seems like a bold strategy to short.

I could expand upon this idea with countless data points, but I truly believe the headline of this section is easy to digest and will reprogram your thinking as it relates to bitcoin.

Don’t be on the wrong side of history.

Zoom out your time horizon

This idea applies to everything you do in your life. If you focus on the hours and the days, your thoughts and perceptions of the world will be much more chaotic than if you zoom out and focus on compounding your efforts over the time period of years.

Historically, bitcoin operates in 4-year cycles and during these cycles, there are 3 years of positive returns and 1 year of negative returns. However, within these years are multiple instances of volatility, such as 50, 60, 70, and even 80% drawdowns in price. If you focus on the short term, you see volatility that may scare you. If you focus on the long term, you see price moving up and to the right on an almost linear scale.

Think in decades.

Volatility is vitality.

Stack SATs.

The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy.