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Big maybe, though I respect Armstrong.

The intelligence community is going to have it's legs and wings pulled off one by one by Trump. I do not know if he will succeed with Tulsi and Kash, but if anyone can reign it in, he can.

Second, I don't know anyone who is buying BTC to use as currency. And most buying is now though brokerage accounts as ETFs (BTC - Grayscale Bitcoin Mini Trust is an example).

As such it is a speculative asset play and not a replacement for currency. It can be sold as easily as bought.

In the meantime, it will take years to convince the public to be involved with bitcoin in a way that could capture the financial system. The really big money in this world, Sovereign wealth funds and family offices are just beginning to figure out what to do.

That said, only risk what you are comfortable losing. If you buy one share of BTC mini trust, it will cost you a very small amount. IIRC it is trading for something like $50/share. Not advice. Do what you choose. I'm an owner currently.

Good article and good points to consider.

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Thanks! For it - or ag'in it, it'll be a wild ride.

I agree with your take on BTC. It is technically a currency, but so isn’t my one ounce Eagle. I am about to go do my daily shopping and I doubt very much if I will see anyone transacting in gold—although I guess they could.

When I talk to someone about Bitcoin I would say, “Take a stack of $20 bills. Stand next to an open window. Start peeling off the bills and toss them out the window. When it starts to bother you, that is the amount you should put into Bitcoin.”

On the other hand, dollar cost averaging even a little bit every week/month can add up over time. Again, if you are using money you would otherwise not “invest” it can create a nice little nest egg. I have a small account that I put $20 a week into for my grandkids. I started when they were born in 2019. There is enough in there to pay for two semesters of college. Not bad.

Whenever I see traditionalist investors/advisors commenting on Bitcoin I look for a couple of things: The first is whether or not they are using “traditional valuation mechanisms” to calculate a value. The second is whether they use the “traditional” arguments about its “use case.”

Those two things will let you know that they do not understand it, or its purpose.

The ones who say, “Its speculative” are correct. It is volatile as hell. If it is going to be the “rug pull” of all time, there are some very large investors would might be a little pissed off.

The next stage will be for members of Congress to slap a windfall tax on gains. When that happens, you know it will be here too stay!

It’s a trading vehicle because people will buy because of the propaganda – just keep it real.

Armstong is wrong. This whole article presumes BTC is currency driven. Or a trading vehicle.

It is not.

It's strictly (for me at least) an investment vehicle.

Whe the rate of return on BTC is 459% in the last 24 months....

BUY AND HOLD. Keep buying.