Bitcoin Due Diligence

If you would indulge me,

Reasons as follows:

• Finite Supply of 21 million, great when there is inflation

• Has begun to garner institutional/older investors through Etfs

• US and other countries debt to gdp is unsustainable

• Third world countries rely on crypto to store value because of inflation

• Bitcoin was the First crypto currency ever

• NETWORKING EFFECT, more users translates to more value

  • ITS GLOBAL

• Legally considered property in the US

• Can take anywhere in the world through a “wallet” so is not easily controllable by nation states

• Blockchain is unhackable through cryptography

• “Smart money” is too smart to see value proposition

• Mythical founder vanished, all that is left is his prophetic writings and his selfless gift to the world

• Not high concentration among few (most other crypto is owned by VC/whales that self servingly created/gave themselves their own crypto)

• Need to hold and have long term investment horizon (like Real Estate) to capture illiquidity premium

  • If you can’t hold for 5+ years you will probably be forced to dump at the trough during boom and bust cycles

• It is Walmart plus Art Combined

  • Is heavily adopted by the masses but also attracts extremely wealthy people
  • Combining both these markets means adoption will be supercharged

Whats next: Bitcoin is digital gold, currently worth about 1.5 trillion. Prediction: Bitcoin will match at least Gold’s Market Cap in 10 years (Gold is currently worth ~15 trillion).

Gold and Bitcoin will be brothers. Greatest price discovery moment in humanity’s existence… Nothing in history up to bitcoin has ever had a ~700,000,000% return [1 cent to ~70k] (and it still has a long way to go).

There is something called the “POWER LAW” meaning it does not matter where you enter as long as you ENTER EARLY ON there will be exponential returns in very successful endeavors. Each bitcoin is made up of 100 million Satoshi’s, so one day satoshi will be the unit of measurement so you don't even have to have close to a full bitcoin to benefit.

Meme 20 years later: When I was 4 years old, I wished I had invested in bitcoin.

This is my opinion that I myself have followed through on, do with it what you like.