Bitcoin as a Hedge
There's been a lot going on in the blockchain space lately. So I had to get this piece off my mind and published. This was also the motivation behind publishing the FinTech post yesterday since I haven't posted here in a while.
One of my goals this year was to educate myself more around the blockchain space. I have been doing that on a weekly basis to be more aware of what's going on. I first jumped into the Crypto markets back in 2016/2017, around when all the ICO craze started and Bitcoin was on a run. Like a lot of people, I got burned a few times and stayed away from it. But coming at it now from a more mature and educated perspective, I feel this is the time.
One thing I love about the internet is the ability to go into these rabbit holes and discovering random content that was not the original intent. For someone like myself who is always open to trying new tech and adopting them early on, Bitcoin has been a bit of a dark hole. But something just went off in my head recently which made me take action around digital assets. With everything going on right now in the world, I've never been more bullish about Bitcoin.
The first trigger was this video I found of a guy named Niklas Nikolajsen, who honestly I had never heard of. In fact, I don't think there are many people in the Crypto space who ever mention or even know of him. It's obvious by the fact that the video has a mere 1100 views. Niklas started what I believe to be the first crypto bank with full financial services in 2013 called Bitcoin Suisse out of Switzerland. His story is fascinating. I'll just let you watch the video yourself and make your own decisions.
The second trigger was a recent interview done by Anthony Pompliano, where he interviewed Michael Saylor who is the co-founder of MicroStrategy. MicroStrategy made headlines lately because it was the first company to put almost $500 million of their balance sheet into Bitcoin. This move was unprecedented and ballsy, especially for a publicly traded company (ticker: $MSTR). Again, I had never even heard of MicroStrategy or Michael Saylor until the recent headlines. All I can tell you is that his story opened my mind to a lot of things. This might be one of the best interviews I have ever watched around money, the economy, entrepreneurship and being open to new technologies. Watch the video here for yourself and make your own decisions.
One good thing about Bitcoin is that there are various ways to gain exposure to it:
- You can gain exposure to it thru Mining. This is probably the most challenging way to go.
- You can gain exposure to it through a Crypto Exchange like Coinbase, Bittrex and even Cash App and Robinhood.
- You can gain exposure to it through the traditional stock market via a trust like Grayscale Investments (ticker: $GBTC). There have also been talks about Bitcoin ETF's, but not that I have yet to see.
There you have it. I try to share gems that I find. The information is all out there and free. It's your choice to either be ignorant or one step ahead. There is a storm brewing in the Economy, be prepared or left in the dust.