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Bitcoin

Investment thesis

If you believe in the long term viability of crypto, you would be foolish to avoid bitcoin. If you don't believe in crypto, it would still be foolish to avoid crypto as a hedge against inflation and the overall market - similar to how people hold gold.

However unlike gold, which is steadily losing popularity as an investment asset among the older generation and never had any popularity among the younger generation to begin with, bitcoin is rapidly gaining popularity not only among retail investors, but institutional investors as well.

Bitcoin is seen as a unique asset in that is anti inflationary (store of value) and a currency. While bitcoin still has not proven its use as a legitimate currency (although adoption as a currency is growing), it has certainly proven itself to be a store of value (and much better than any other traditional store of values, such as gold). Comparing 10 year charts (or really any time frame) of bitcoin vs gold will prove that.

You'll be hard pressed to find anyone under the age of 25 who is interested in purchasing gold as an investment vehicle. However you'll be hard pressed to find anyone under 25 who has not at least considered purchasing bitcoin. As this generation grows older and gains wealth, it's likely a large percentage of them will choose bitcoin over any other traditional anti inflationary assets like gold. But it's not just the new generation that is excited about bitcoin. There is growing interest in bitcoin among all age groups.

Past bitcoin dominance does not guarantee future bitcoin dominance. However over the past 10 years, there have been thousands of bitcoin clones that have failed to come close. Bitcoin has first mover advantage, name brand recognition, and the largest adoption with a market cap of nearly $1 trillion. Historically, whenever a digital network has reached a market capitalization of $100 billion, it has continued to exert its dominance. Apple as a digital mobile network, Facebook with a digital social network, Google with a digital search network, Amazon with a marketplace network, and bitcoin as a digital monetary network (paraphrasing Michael Saylor).