Default avatar
Bitcoin for Institutions
npub1ym5j...re5w
Insights from "Bitcoin for Institutions" by Brian Hirschfield. Learn how institutional investors can approach Bitcoin. Buy the book: https://zeuspay.com/btc-for-institutions Free course: https://bfi-liart.vercel.app
As an engineer, Saylor explained the properties of bitcoin from an engineering perspective in a way that is likely responsible for levelling up the understanding of bitcoin from "Magic Internet Money" to "Thermodynamically Sound Digital Real Estate." Saylor's worldview was simple. He had a $250 million pile of cash in 2020 and was looking at an epic monetary debasement of Western fiat currencies. The US was on its way to printing $7 trillion over an M2 monetary base of $15 trillion. $7 trillion printed over $15 trillion M2 base - nearly a 50% expansion of the money supply in a short period. Western cash holders were caught off guard, lulled into complacency by fifteen years of gaslighting ab... From: Strategy (Balance Sheet Strength)
ℹ️ While gaining ETF exposure is a rational position for those not ready for self-custody, it does not make for a landscape to provide robust solutions to the public using bitcoin. The ETF is capable of capturing the volatility of bitcoin's price exposure but at an enormous level of counterparty risk. From: Bitcoin Custody Requires a Higher Understanding of Tradeoffs