Why Crypto is NOT a Bubble

People have been calling Bitcoin a bubble since it was worth $30 in 2011.

12 years later it's worth $30,000.

It's the solution to a global problem: How to store wealth long-term without the risk of debasement and seizure.

It is a technological breakthrough.

• Teslas are engineered to be the best car.
• iPhones are engineered to be the best mobile device.
• Bitcoin is engineered to be the best store of wealth.

Here's why, for example, Bitcoin is valuable:

It's Finite: There are only 21 million coins. You can't print more like central banks print more money.

It's Divisible: you can buy / sell $0.10 worth, or $10 Billion worth.

It Can't Be Seized: It can't be physically taken from you. There are ways to store it so that no external party can take it from you. You have full control over your property. Do you know anything else like that?

It's Supply Inelastic: Unlike almost everything else on earth, as the price of Bitcoin rises, there's no way to make more of it. That prevents the price from falling due to a sudden supply glut.

It's Portable: You can move anywhere in the world and have access to your Bitcoin without permission. It weighs nothing and you can move across borders without anyone knowing you own it.

It's Free From Counter-party Risk: The entire financial system could melt down around you. JP Morgan could go bankrupt. And you could still have your coins without needing to be bailed out by anyone.

It's Globally Accessible: Storing wealth is a global problem. And Bitcoin isn't jurisdiction specific. No one gets special treatment - it's a fair protocol available to all.

No other asset on earth ticks all of the boxes, except Bitcoin. ✅