You Will Transact with Bitcoin

Many philosophies exist within the world of Bitcoin. Michael Saylor adamantly believes Bitcoin is best served as a store of value. Satoshi Nakamoto believed Bitcoin was a currency to be spent enough that they titled the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” Some Bitcoin maximalists seem to believe that Bitcoin aims to destroy the Fed and remove the need for banking intermediaries—with this belief comes a level of antiestablishment aura advocating for personal sovereignty against a big brother government.

I believe it’s a mix of all of these.

Over the last 15 years, everything has trended toward zero when compared to Bitcoin. If you held Bitcoin instead of dollars, your purchasing power was undeniably preserved. In this way, Bitcoin is a savings tool that lets you store your capital for the future. Michael Saylor has transformed his company Strategy (formerly Microstrategy, $MSTR ( ▼ 0.23% ) ) by storing their capital in Bitcoin and constantly advocates for other corporations to adopt the same playbook. We are beginning to see more and more companies pull the trigger and act—Gamestop just announced their first Bitcoin purchase.

I also believe Bitcoin should be used to transact with. Bitcoin is a currency. It is not a company like the Ethereum Foundation or Solana Foundation, two popular cryptocurrencies, that have founders, employees, and roadmaps. As a currency, Bitcoin should be spent and should participate in the free market of the world for goods and services. Without participating, the world will never adopt a Bitcoin standard.

Bitcoin also aims to destroy not only the Fed but all other forms of fiat currency that are printed out of thin air with no inherent value. It is only natural that as Bitcoin continues to gain a higher percentage of the world’s wealth, agencies that hold the keys to the money printer will see their power wain. However, I do not believe governments and Wall Street corporations participating in the world of Bitcoin is bad for Bitcoin. All adoption is good for Bitcoin and Bitcoin is a reality that everyone and everything has to come to terms with or else they will face extinction. Bitcoin is an equalizer for people of the world, with Bitcoin the money-printer and the perpetual inequalities produced can be erased. Bitcoin is for anyone and anything.

As I said, Bitcoin is a mix of all three opinions.

Where I believe Michael Saylor and many others are right is in the fact that transacting for daily purchases on the Layer 1 Bitcoin network is not feasible. With blocks processing transactions roughly every 10 minutes, no merchant or customer would ever opt to use this as a method for payment because it is too slow. However, innovations built on Layer 2 of the Bitcoin Network like the Lightning Network, enable instantaneous payments with Bitcoin at much cheaper costs than using traditional solutions such as credit cards. It is through Layer 2 and specifically Lightning that I believe the world will soon be spending Bitcoin to purchase everyday items. Through these transactions, Bitcoin begins to fulfill the vision of creating a circular economy where users can survive and interact with only Bitcoin. Without purchasing and transacting in Bitcoin, there is no circular economy.

Recently, Steak ‘n Shake announced they would be accepting Bitcoin transactions via the Lightning Network at all their locations. Dan Edwards, the COO at Steak ‘N Shake, came to the Bitcoin Conference to deliver an update on how their performance so far. The below video shows a clip from his presentation and I highly recommend you take the time to watch it.

What business wouldn’t want to save 50% on credit card processing fees? That is an immediate path to more profit. Steak ‘n Shake being a household brand in the United States and frankly, not a Bitcoin-native company, proclaiming how well the Lightning network has worked for them could very well be one of the key case studies that enable other nationwide chains to make the jump over as well.

In the small to medium business world, there has also been a recent announcement as it relates to the Lightning Network. Jack Dorsey and Block announced that by the end of 2025 and into 2026, every Square tablet will all for Lightning transactions.

With Jack Dorsey being a Bitcoiner I am surprised it has taken so long for Square to make this move. I suppose Jack has been waiting for the correct timing and proper sentiment and I believe this move will be the biggest move for Bitcoin payment mass adoption and acceptance by customers and companies. Next time you go to a coffee shop, look at the tablet you pay on, that’s a Square tablet. They are EVERYWHERE. Paying with Bitcoin will be thrown directly in the face of millions of people all over the United States.

When businesses and people opt to spend, save, and steer their economy with Bitcoin, a Bitcoin Standard will appear. Purchasing with Bitcoin ensures that Bitcoin fulfills the vision Satoshi had in mind when he released the white paper to the world.

Bitcoin: A Peer-to-Peer Electronic Cash System.

You will transact with Bitcoin.

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. I am not a financial advisor and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. 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. If you are seeking financial advice, find a professional who is right for you.