[REVISIT] A closer look at Bitcoin

May 12, 2025

First off, this is NOT financial or investment advice

A revised revisit of a posting from June 2024

Of course you’ve heard of Bitcoin. Likely you have read a little, talked about it, know someone who has some. Maybe you do already.

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. — Oscar Wilde

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all. — Thomas Sowell

Money is a mechanism for control. — David Korten

Under Pressure

Governments and the global financial systems are under historic pressure in 2025: Massive government debt in need of re-financing, MMT - Modern Monetary Theory = money printing, the non-renewal of the petrodollar between Saudi Arabia and the U.S., the rise of the BRICS and impending creation of a BRICS currency.

The U.S. is looking to re-negotiate trade deals by placing substantial tariffs on imports. This is done in an effort to reduce the value of the US dollar. It seems to be having an effect but we’ll have to see how it all plays out.

The Story

I am not going to give you the whole back story on Bitcoin (BTC). Check out some really great links and a video at the end of this article.

BTC is not a currency per se. It is a digital asset. BTC is like digital gold. Digital property.

Bitcoin is outside the system: there is no counter party. BTC is finite: it is limited to 21 million coins.

The U.S. dollar (USD)? Governments have massive debt. To continue to fund the government they have three choices: (1) reduce spending, (2) raise taxes or (3) print more money. Guess which one they choose?

The USD and your nation’s fiat currency (fiat = it is the declared currency, it is not backed by gold or anything) - USD, JPY, EUR, CAD and others - is being inflated away as governments and central banks continue to print more money.

WHY SHOULD YOU CARE?

Because, at a minimum, you want to preserve your wealth.

In all of human history the value of all currencies goes to zero.

“Bitcoin links together 8 billion people, links together a hundred million companies, it synchronizes the world across political jurisdictions, and it returns rationality to the entire financial system, and it returns freedom and property rights to the entire human race.”

– Michael Saylor

The Case: A new asset class

An asset is something that holds value.

In the investment world asset classes are: gold, real estate, equities, bonds, and art.

Bitcoin is a new asset class.

In 2024 the Securities and Exchange Commission (SEC) in the US approved the trading of BTC in Exchange Traded Funds (ETF). Billions of USD have been moving into BTC since. The US government announced a strategic BTC reserve. Individual states in the US (already New Hampshire and Arizona with many more to come) are doing the same. Slowly, corporations are beginning to convert their treasury (cash reserves) in part to BTC. This legitimizes Bitcoin. There is momentum toward BTC. Investors are seeking alternatives to equities, bonds and precious metals. BTC is finite: only 21 million BTC will ever be created…unlike equities and currency.

This shift to BTC is not only in the US. Individuals, corporations, investment funds and governments are

“Bitcoin is breaking out from other cryptos due to regulatory expectations, making it the clear choice for institutional investors seeking digital property as a store of value.”

– Michael Saylor

What’s the take away?

Suggestion: Take a look at Bitcoin.

Do your own research. Make your own decisions. Again, this is not investment advice.

But, I suggest to you that it’s time to think differently about Bitcoin.

There are hundreds of “cryptocurrencies”. Be VERY wary, most are sh*tcoins.

Cryptocurrencies with some utility are Etherium and Solana. These are more “transactional” in nature. They have a “use case”. Though note, they are not limited in issuance like BTC. Etherium, for example has a total issuance of 120,000,000.

The take away: Bitcoin is very different from other cryptocurrencies, it is becoming recognized as a digital asset. It has become “mainstream”. Investigate more.

“Bitcoin is Digital Property and is going to be adopted as a store of value/asset in every nation that allows citizens to own private property.” – Michael Saylor

The stuff at the end

What’s with all these Michael Saylor quotes? Who is this guy? Find out:

VIDEO: Michael Saylor Explains Bitcoin on Tucker Carlson Today (2021) ( A very comprehensive lead in on money and the problem with money; explanation of BTC from 24:00 to 29:00)

ARTICLE: Some intro information on Bitcoin Investopedia - Bitcoin Basics

A GREAT site - a comprehensive collection of research, interviews, news, podcasts on BTC: https://www.hope.com/

There is A LOT of NOISE out there on BTC and crypto. Be really careful of all the hype. I recommend the insight and perspective of the following. These guys have been around the finance / investment world for a long time. They are objective and not hype. I have learned much from them.
- Raoul Pal
- Michael Saylor - CEO of (Micro)Strategy - Why MSFT needs a BTC strategy

- Raoul Pal - This one is quite in-depth. He does a fine job of combining technical with “big picture”.

- Plan B a technical analyst with an interesting stock-to-flow theory of BTC. Plan B’s Monthly update (MAY 2025)

Got Qs? Post them or reach out to me.

About ONE

A Buddhist monk walks up to a hotdog vendor and says make me one with everything.

In the age of TL;DR, ONE offers a brief capture of what’s necessary for YOU. Longer than a tweet, shorter than an article yet beyond a snapshot or quick video. ONE is 1-page. A quick, meaningful & thoughtful read.