Twenty-seven people on the ECB Governing Council set the price of money for 21 countries. Bitcoin's supply rules were written into code in 2009, and nobody gets a vote on them. In a portfolio, I want at least one asset whose rules can't change at the next meeting.

18 years ago today, someone posted nine pages to a cryptography mailing list. No company behind it and no press release, just a PDF and an email signed Satoshi Nakamoto. I used to be an auditor at PwC. Nothing I audited has aged like those nine pages.

The most important phrase in the Bitcoin white paper is "trusted third party". It's in the abstract, the introduction and the privacy section. The whole design exists to remove it. I've worked in audit and at an exchange group. Much of finance exists to be that third party.

On 28 October the Fed held, with two dissents in favour of a hike. On 29 October the ECB held and flagged energy prices as an inflation risk. Then comes the next meeting and new guidance. Bitcoin's monetary policy ran on the same rules it has followed since 3 January 2009.

2022 broke the 60/40 portfolio's favourite assumption. The DAX fell 12.3%. Bunds lost 11.9%. When inflation hits both legs, the hedge goes too. Bitcoin's supply doesn't answer to rates or budgets. I want it in the diversification debate, sized for its volatility.

Priced in bitcoin, the average German salary shrank by almost 99% in eight years. 2016: €36,187. At that year-end's bitcoin price, about 39 BTC. 2024: €47,085. About half a bitcoin. In euros, that's a 30% raise. If you allocate capital, know which unit you're measuring in.

Since 1999 the euro has lost about 42% of its purchasing power, under a central bank targeting 2% inflation. For a family office, that's the hurdle every euro holding has to clear before it earns a cent in real terms. It's a big part of why I want Bitcoin in the reserve mix.

There’s your bottom signal folks. Bitcoin Mecha-Omega candle engaged!!

Bitcoin adoption is inevitable, and we are going to do our part at Samara to shift it from being just a risk-on traded investment asset to the money it was always intended to be. 🎥 @BitcoinForCorps https://t.co/0mtjvybkbL

Capitalism or “greedy corporates” isn’t what failed you… socialist government spending policies did by driving the dollar to 0. You need Capitalism and Bitcoin more than you could ever possibly fathom